Flywire’s (FLYW) Equal Weight Rating Reiterated at Stephens

Stephens restated their equal weight rating on shares of Flywire (NASDAQ:FLYW) in a research note released on Friday morning,Benzinga reports. The brokerage currently has a $20.00 target price on the stock.

Other equities analysts also recently issued reports about the stock. UBS Group reissued a “neutral” rating on shares of Flywire in a report on Thursday, September 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Flywire in a research note on Wednesday, September 30th. Wolfe Research raised their price objective on shares of Flywire from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Truist Financial raised their price objective on shares of Flywire from $17.00 to $19.00 and gave the stock a “hold” rating in a report on Friday, August 14th. Finally, Seaport Research Partners reiterated a “buy” rating and issued a $22.00 target price on shares of Flywire in a research note on Monday, August 17th. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Flywire has a consensus rating of “Hold” and a consensus price target of $20.31.

Flywire Stock Performance

NASDAQ FLYW opened at $18.47 on Friday. The stock’s 50 day moving average is $18.14 and its two-hundred day moving average is $16.49. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 71.04, a PEG ratio of 1.18 and a beta of 1.35. Flywire has a 1-year low of $10.55 and a 1-year high of $19.73.

Flywire (NASDAQ:FLYW) last posted its earnings results on Tuesday, August 4th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). Flywire had a return on equity of 4.08% and a net margin of 4.77%. The company had revenue of $163.80 million for the quarter, compared to the consensus estimate of $156.47 million. During the same quarter last year, the business earned ($0.10) EPS. Flywire’s quarterly revenue was up 27.2% compared to the same quarter last year. On average, analysts predict that Flywire will post 0.40 earnings per share for the current year.

Insider Activity at Flywire

In other Flywire news, insider David R. King sold 36,900 shares of the stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $18.32, for a total transaction of $676,008.00. Following the sale, the insider owned 202,404 shares of the company’s stock, valued at $3,708,041.28. This represents a 15.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Peter Butterfield sold 12,156 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $17.99, for a total transaction of $218,686.44. Following the completion of the sale, the general counsel owned 601,022 shares of the company’s stock, valued at $10,812,385.78. The trade was a 1.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 592,618 shares of company stock valued at $11,230,341 over the last ninety days. 5.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Flywire

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP lifted its stake in shares of Flywire by 1.2% during the second quarter. Wellington Management Group LLP now owns 5,340,579 shares of the company’s stock valued at $93,834,000 after acquiring an additional 64,998 shares during the period. Jennison Associates LLC boosted its holdings in Flywire by 19.9% in the first quarter. Jennison Associates LLC now owns 5,298,881 shares of the company’s stock valued at $61,679,000 after acquiring an additional 878,248 shares during the last quarter. Wasatch Advisors LP bought a new position in Flywire in the second quarter valued at about $44,026,000. Dimensional Fund Advisors LP boosted its holdings in Flywire by 18.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,886,865 shares of the company’s stock valued at $21,962,000 after acquiring an additional 295,960 shares during the last quarter. Finally, North Reef Capital Management LP increased its position in Flywire by 83.3% in the first quarter. North Reef Capital Management LP now owns 1,100,000 shares of the company’s stock worth $12,804,000 after purchasing an additional 499,999 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Flywire Company Profile

Flywire Corporation (NASDAQ: FLYW) is a global payments and software company that helps organizations receive and manage payments from customers, students, patients and other payers. Its platform supports domestic and international transactions, payment processing, invoicing, identity verification, reconciliation and related accounts-receivable workflows.

The company primarily serves the education, healthcare, travel and business-to-business sectors. Its solutions are used by universities and colleges to collect tuition and other fees, healthcare providers to manage patient payments, travel companies to process payments and businesses to facilitate invoicing and cross-border receivables.