Research Analysts Issue Forecasts for Flywire Q4 Earnings

Flywire Co. (NASDAQ:FLYW - Free Report) - Equities research analysts at William Blair cut their Q4 2024 earnings per share (EPS) estimates for shares of Flywire in a report released on Friday, November 8th. William Blair analyst C. Kennedy now expects that the company will post earnings of $0.00 per share for the quarter, down from their previous forecast of $0.01. The consensus estimate for Flywire's current full-year earnings is $0.06 per share. William Blair also issued estimates for Flywire's Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at $0.29 EPS and Q4 2025 earnings at $0.07 EPS.

A number of other equities analysts have also recently weighed in on the company. Raymond James upped their price target on Flywire from $23.00 to $27.00 and gave the stock a "strong-buy" rating in a report on Friday. Morgan Stanley lifted their target price on Flywire from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Monday. JPMorgan Chase & Co. raised their target price on Flywire from $18.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. Citigroup cut their price objective on Flywire from $27.00 to $25.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Finally, BTIG Research lowered their price objective on shares of Flywire from $27.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Flywire presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.86.

Flywire Stock Performance

Flywire stock traded up $2.18 during midday trading on Monday, reaching $23.17. 2,228,835 shares of the company were exchanged, compared to its average volume of 1,404,921. Flywire has a 1 year low of $15.19 and a 1 year high of $31.54. The firm's 50-day simple moving average is $17.18 and its 200-day simple moving average is $17.43. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 141.00, a P/E/G ratio of 9.00 and a beta of 0.95.

Institutional Investors Weigh In On Flywire

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLYW. SG Americas Securities LLC purchased a new position in shares of Flywire in the 1st quarter worth $363,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Flywire by 3.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 19,884 shares of the company's stock valued at $493,000 after purchasing an additional 702 shares in the last quarter. Swiss National Bank raised its position in shares of Flywire by 0.8% during the 1st quarter. Swiss National Bank now owns 212,300 shares of the company's stock valued at $5,267,000 after buying an additional 1,600 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Flywire in the 1st quarter valued at approximately $46,000. Finally, ProShare Advisors LLC increased its position in Flywire by 8.5% during the first quarter. ProShare Advisors LLC now owns 19,104 shares of the company's stock valued at $474,000 after acquiring an additional 1,504 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, General Counsel Peter Butterfield sold 1,769 shares of Flywire stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total value of $31,912.76. Following the completion of the transaction, the general counsel now directly owns 273,517 shares in the company, valued at approximately $4,934,246.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Flywire news, CEO Michael Massaro sold 8,629 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total value of $155,667.16. Following the completion of the sale, the chief executive officer now owns 1,739,351 shares in the company, valued at approximately $31,377,892.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Peter Butterfield sold 1,769 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total value of $31,912.76. Following the completion of the sale, the general counsel now directly owns 273,517 shares in the company, valued at $4,934,246.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,966 shares of company stock valued at $480,143. Insiders own 3.90% of the company's stock.

About Flywire

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.