Flywire Corporation (NASDAQ:FLYW) Receives $15.73 Consensus PT from Analysts

Shares of Flywire Corporation (NASDAQ:FLYW) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $15.7308.

Several equities analysts have recently weighed in on FLYW shares. Zacks Research raised shares of Flywire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. The Goldman Sachs Group increased their target price on shares of Flywire from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. B. Riley Financial lifted their price target on shares of Flywire from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, January 9th. UBS Group boosted their price target on shares of Flywire from $13.50 to $15.50 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Finally, Stephens upgraded shares of Flywire from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $17.00 to $19.00 in a research note on Friday, January 16th.

Flywire Price Performance

NASDAQ:FLYW opened at $11.23 on Friday. The stock has a 50-day simple moving average of $13.23 and a 200 day simple moving average of $13.24. Flywire has a 52-week low of $8.20 and a 52-week high of $18.97. The company has a market cap of $1.37 billion, a PE ratio of -561.22, a PEG ratio of 1.27 and a beta of 1.28. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.53 and a current ratio of 1.53.

Insider Activity at Flywire

In other Flywire news, General Counsel Peter Butterfield sold 13,327 shares of the firm’s stock in a transaction that occurred 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 directly owned 374,933 shares in the company, valued at $5,627,744.33. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Voss Capital, Lp purchased 181,121 shares of the stock in a transaction on Tuesday, December 30th. The shares were bought at an average cost of $14.15 per share, for a total transaction of $2,562,862.15. Following the transaction, the insider directly owned 9,625,009 shares in the company, valued at approximately $136,193,877.35. The trade was a 1.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders purchased 251,112 shares of company stock valued at $3,477,834 and sold 38,426 shares valued at $567,215. Insiders own 4.40% of the company’s stock.

Institutional Trading of Flywire

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Voss Capital LP grew its position in shares of Flywire by 176.0% in the 2nd quarter. Voss Capital LP now owns 8,100,000 shares of the company’s stock valued at $94,770,000 after acquiring an additional 5,165,014 shares during the period. Divisadero Street Capital Management LP raised its holdings in shares of Flywire by 178.0% in the 2nd quarter. Divisadero Street Capital Management LP now owns 4,784,654 shares of the company’s stock valued at $55,980,000 after purchasing an additional 3,063,518 shares during the period. Mangrove Partners IM LLC acquired a new stake in Flywire in the 3rd quarter valued at about $39,289,000. Azora Capital LP bought a new position in Flywire during the second quarter worth about $33,355,000. Finally, Wellington Management Group LLP increased its position in Flywire by 173.3% during the third quarter. Wellington Management Group LLP now owns 3,358,186 shares of the company’s stock worth $45,470,000 after buying an additional 2,129,514 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

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.