Flywire Co. (NASDAQ:FLYW) Receives Average Recommendation of “Hold” from Analysts

Flywire Co. (NASDAQ:FLYW) has received an average recommendation of “Hold” from the fifteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $19.23.

FLYW has been the topic of a number of research analyst reports. BTIG Research lowered Flywire from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 26th. Seaport Res Ptn lowered Flywire from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Citigroup decreased their price objective on Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. The Goldman Sachs Group lowered Flywire from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $26.00 to $15.00 in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their price objective on Flywire from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th.

Insider Buying and Selling

In other Flywire news, Director Gretchen Howard acquired 8,889 shares of the company’s stock in a transaction that occurred on 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 purchase, the director now owns 30,770 shares of the company’s stock, valued at $336,623.80. This represents a 40.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.90% of the stock is currently owned by company insiders.

Institutional Trading of Flywire

Hedge funds have recently added to or reduced their stakes in the business. Ascent Group LLC raised its stake in shares of Flywire by 19.7% in the 4th quarter. Ascent Group LLC now owns 33,687 shares of the company’s stock valued at $695,000 after purchasing an additional 5,545 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Flywire by 72.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 142,797 shares of the company’s stock valued at $2,944,000 after purchasing an additional 60,210 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Flywire in the 4th quarter valued at about $2,486,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Flywire by 16.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 711,356 shares of the company’s stock valued at $14,668,000 after purchasing an additional 101,431 shares during the period. Finally, Vident Advisory LLC acquired a new stake in shares of Flywire in the 4th quarter valued at about $235,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Flywire Price Performance

NASDAQ FLYW opened at $10.06 on Friday. The firm has a market cap of $1.25 billion, a PE ratio of 67.07, a price-to-earnings-growth ratio of 1.41 and a beta of 1.17. Flywire has a one year low of $8.62 and a one year high of $27.06. The stock’s 50 day simple moving average is $18.27 and its 200 day simple moving average is $18.63.

Flywire (NASDAQ:FLYW) last released its quarterly 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). The business had revenue of $112.80 million for the quarter, compared to the consensus estimate of $118.85 million. Flywire had a return on equity of 2.49% and a net margin of 4.23%. As a group, equities analysts expect 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.