Flywire (NASDAQ:FLYW – Get Free Report) released its earnings results on Tuesday. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11), Zacks reports. Flywire had a net margin of 4.23% and a return on equity of 2.49%.
Flywire Stock Performance
Shares of NASDAQ:FLYW traded up $0.31 during midday trading on Tuesday, reaching $17.64. The company’s stock had a trading volume of 2,880,129 shares, compared to its average volume of 1,464,293. Flywire has a fifty-two week low of $15.19 and a fifty-two week high of $31.54. The firm has a 50 day moving average price of $19.67 and a two-hundred day moving average price of $18.98. The firm 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.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on FLYW. Raymond James upped their price objective on shares of Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 8th. Citigroup lowered their price target 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. The Goldman Sachs Group raised their price objective on Flywire from $22.00 to $27.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Flywire from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Seaport Res Ptn downgraded Flywire from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.38.
About Flywire
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.
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