Flywire (NASDAQ:FLYW) Lowered to Neutral Rating by UBS Group

Flywire (NASDAQ:FLYW) was downgraded by investment analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued on Wednesday,Briefing.com Automated Import reports. They presently have a $15.00 target price on the stock, down from their prior target price of $25.00. UBS Group’s price objective indicates a potential downside of 14.97% from the company’s previous close.

Several other research analysts have also recently issued reports on FLYW. The Goldman Sachs Group downgraded Flywire from a “buy” rating to a “neutral” rating and set a $15.00 price target on the stock. in a report on Wednesday. Citigroup reduced their target price on shares of Flywire from $27.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft cut shares of Flywire from a “buy” rating to a “hold” rating and lowered their price target for the company from $26.00 to $16.00 in a report on Wednesday. Raymond James lowered shares of Flywire from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $29.00 to $17.00 in a research note on Wednesday. Finally, Morgan Stanley raised their target price on shares of Flywire from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.57.

Flywire Trading Up 1.8 %

Shares of NASDAQ:FLYW opened at $17.64 on Wednesday. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 117.60, a PEG ratio of 1.41 and a beta of 1.08. The firm’s 50-day moving average is $19.59 and its 200 day moving average is $18.98. Flywire has a 12 month low of $15.19 and a 12 month high of $31.54.

Flywire (NASDAQ:FLYW) last issued its earnings results on Tuesday, February 25th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). Flywire had a return on equity of 2.49% and a net margin of 4.23%. The company had revenue of $112.80 million during the quarter, compared to the consensus estimate of $118.85 million. As a group, equities analysts forecast that Flywire will post 0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Flywire

Several hedge funds have recently bought and sold shares of FLYW. Creative Planning boosted its stake in shares of Flywire by 36.5% during the 3rd quarter. Creative Planning now owns 29,685 shares of the company’s stock worth $487,000 after acquiring an additional 7,940 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Flywire in the 3rd quarter worth about $4,843,000. Harbor Capital Advisors Inc. boosted its position in Flywire by 87.7% during the third quarter. Harbor Capital Advisors Inc. now owns 223,244 shares of the company’s stock worth $3,659,000 after purchasing an additional 104,336 shares in the last quarter. Olympiad Research LP acquired a new stake in Flywire in the third quarter valued at approximately $206,000. Finally, Curi RMB Capital LLC purchased a new stake in shares of Flywire in the third quarter valued at approximately $1,143,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

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.