Analysts Set Flywire Co. (NASDAQ:FLYW) Target Price at $17.00

Flywire Co. (NASDAQ:FLYW) has been assigned a consensus rating of “Hold” from the sixteen analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $17.00.

A number of analysts have recently issued reports on FLYW shares. Stephens lowered Flywire from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $26.00 to $15.00 in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft lowered Flywire from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $26.00 to $16.00 in a research report on Wednesday, February 26th. BTIG Research downgraded Flywire from a “buy” rating to a “neutral” rating in a report on Wednesday, February 26th. Wolfe Research reissued a “peer perform” rating on shares of Flywire in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada lowered their price objective on shares of Flywire from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th.

Insiders Place Their Bets

In related news, Director Gretchen Howard acquired 8,889 shares of the stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $10.94 per share, with a total value of $97,245.66. Following the acquisition, the director now owns 30,770 shares in the company, valued at approximately $336,623.80. The trade was a 40.62 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Peter Butterfield sold 5,523 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $10.08, for a total value of $55,671.84. Following the completion of the sale, the general counsel now owns 247,561 shares of the company’s stock, valued at approximately $2,495,414.88. This trade represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Arizona State Retirement System grew its position in shares of Flywire by 1.6% in the fourth quarter. Arizona State Retirement System now owns 32,215 shares of the company’s stock valued at $664,000 after purchasing an additional 513 shares during the last quarter. Summit Investment Advisors Inc. increased its position in Flywire by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 12,634 shares of the company’s stock worth $261,000 after buying an additional 802 shares during the period. Bayesian Capital Management LP lifted its holdings in shares of Flywire by 6.9% during the fourth quarter. Bayesian Capital Management LP now owns 20,059 shares of the company’s stock worth $414,000 after buying an additional 1,300 shares during the last quarter. Global Retirement Partners LLC bought a new stake in shares of Flywire in the fourth quarter valued at approximately $30,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Flywire by 0.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 224,775 shares of the company’s stock worth $4,635,000 after acquiring an additional 1,531 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Flywire Trading Up 1.4 %

Shares of FLYW opened at $8.94 on Monday. The business’s 50-day moving average price is $10.48 and its 200 day moving average price is $16.61. The stock has a market capitalization of $1.10 billion, a P/E ratio of 59.60, a P/E/G ratio of 1.41 and a beta of 1.22. Flywire has a 1-year low of $8.20 and a 1-year high of $23.40.

Flywire (NASDAQ:FLYW) last released its earnings results on Tuesday, February 25th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The firm had revenue of $112.80 million during the quarter, compared to analysts’ expectations of $118.85 million. Flywire had a return on equity of 2.49% and a net margin of 4.23%. On average, research analysts predict that Flywire will post 0.14 earnings per share for the current 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.