Flywire Co. (NASDAQ:FLYW) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Flywire Co. (NASDAQ:FLYW) have earned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $34.27.

FLYW has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Flywire in a research note on Tuesday, February 6th. They issued a “buy” rating and a $27.00 price target for the company. Morgan Stanley downgraded Flywire from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $27.00 to $30.00 in a report on Friday, March 1st. Oppenheimer assumed coverage on Flywire in a report on Tuesday, January 23rd. They issued an “outperform” rating and a $25.00 price objective for the company. UBS Group boosted their price target on Flywire from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Flywire from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th.

Insider Buying and Selling at Flywire

In other news, COO Rob Orgel sold 17,150 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $27.30, for a total value of $468,195.00. Following the completion of the transaction, the chief operating officer now directly owns 468,285 shares in the company, valued at $12,784,180.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Michael Massaro sold 13,043 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $24.07, for a total value of $313,945.01. Following the transaction, the chief executive officer now owns 1,655,673 shares of the company’s stock, valued at approximately $39,852,049.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Rob Orgel sold 17,150 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $27.30, for a total transaction of $468,195.00. Following the transaction, the chief operating officer now directly owns 468,285 shares in the company, valued at approximately $12,784,180.50. The disclosure for this sale can be found here. Insiders have sold 141,800 shares of company stock valued at $3,743,582 in the last 90 days. 5.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Flywire

Institutional investors and hedge funds have recently made changes to their positions in the business. RiverPark Advisors LLC grew its holdings in Flywire by 360.9% in the 1st quarter. RiverPark Advisors LLC now owns 14,726 shares of the company’s stock worth $365,000 after acquiring an additional 11,531 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Flywire by 129.7% in the 1st quarter. Jennison Associates LLC now owns 1,860,951 shares of the company’s stock worth $46,170,000 after purchasing an additional 1,050,924 shares during the period. Capstone Investment Advisors LLC lifted its position in shares of Flywire by 131.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 26,622 shares of the company’s stock worth $660,000 after purchasing an additional 15,098 shares during the period. Principal Financial Group Inc. lifted its position in shares of Flywire by 10.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,061,546 shares of the company’s stock worth $26,337,000 after purchasing an additional 101,613 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Flywire by 42.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 228,924 shares of the company’s stock worth $5,680,000 after purchasing an additional 68,005 shares during the period. Institutional investors own 95.90% of the company’s stock.

Flywire Price Performance

Shares of NASDAQ:FLYW opened at $19.81 on Monday. The company has a market capitalization of $2.43 billion, a P/E ratio of -220.09, a P/E/G ratio of 7.45 and a beta of 1.09. Flywire has a 1 year low of $18.65 and a 1 year high of $35.80. The business’s 50 day simple moving average is $23.76 and its 200 day simple moving average is $23.29.

Flywire (NASDAQ:FLYW) last released its earnings results on Tuesday, February 27th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.09. Flywire had a negative return on equity of 1.35% and a negative net margin of 2.13%. The firm had revenue of $100.55 million during the quarter, compared to analysts’ expectations of $88.52 million. During the same period in the prior year, the company earned ($0.01) earnings per share. The company’s quarterly revenue was up 37.6% on a year-over-year basis. On average, sell-side analysts anticipate that Flywire will post 0.03 EPS for the current fiscal year.

Flywire Company Profile

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.