Flywire Corporation (NASDAQ:FLYW) Receives $15.73 Consensus Target Price from Brokerages

Flywire Corporation (NASDAQ:FLYW) has been given an average rating of “Hold” by the sixteen research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $15.7308.

A number of research analysts have recently issued reports on FLYW shares. Weiss Ratings reissued a “sell (d)” rating on shares of Flywire in a report on Wednesday, October 8th. Citigroup upgraded shares of Flywire to a “hold” rating in a research report on Thursday, October 23rd. Zacks Research upgraded shares of Flywire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Wall Street Zen upgraded shares of Flywire from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Finally, UBS Group increased their price target on shares of Flywire from $13.50 to $15.50 and gave the stock a “neutral” rating in a report on Wednesday, November 5th.

Flywire Price Performance

Shares of NASDAQ:FLYW opened at $13.73 on Wednesday. Flywire has a one year low of $8.20 and a one year high of $21.31. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -686.16, a PEG ratio of 1.55 and a beta of 1.28. The company has a 50-day simple moving average of $14.06 and a 200-day simple moving average of $13.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.53 and a current ratio of 1.53.

Flywire (NASDAQ:FLYW) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $194.10 million for the quarter, compared to analyst estimates of $180.07 million. Flywire had a positive return on equity of 0.80% and a negative net margin of 0.42%.The business’s revenue was up 27.6% on a year-over-year basis. During the same quarter last year, the company posted $0.30 earnings per share. On average, analysts predict that Flywire will post 0.14 EPS for the current year.

Insider Transactions at Flywire

In other Flywire news, major shareholder Voss Capital, Lp acquired 181,121 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The shares were purchased at an average price of $14.15 per share, with a total value of $2,562,862.15. Following the completion of the acquisition, the insider directly owned 9,625,009 shares of the company’s stock, valued at approximately $136,193,877.35. The trade was a 1.92% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Peter Butterfield sold 13,327 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $15.01, for a total value of $200,038.27. Following the completion of the transaction, the general counsel owned 374,933 shares of the company’s stock, valued at $5,627,744.33. The trade was a 3.43% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 39,526 shares of company stock valued at $583,717. Corporate insiders own 4.40% of the company’s stock.

Hedge Funds Weigh In On Flywire

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC increased its holdings in shares of Flywire by 194.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock valued at $38,000 after purchasing an additional 2,167 shares in the last quarter. Covestor Ltd grew its position in Flywire by 217.9% during the third quarter. Covestor Ltd now owns 3,233 shares of the company’s stock worth $43,000 after buying an additional 2,216 shares during the period. Daiwa Securities Group Inc. increased its holdings in Flywire by 78.4% in the second quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock valued at $66,000 after buying an additional 2,497 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Flywire in the third quarter valued at about $67,000. Finally, CWM LLC lifted its position in shares of Flywire by 850.9% during the 2nd quarter. CWM LLC now owns 6,447 shares of the company’s stock valued at $75,000 after acquiring an additional 5,769 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

About Flywire

Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.