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

Flywire Co. (NASDAQ:FLYW) has received a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $19.23.

A number of research firms have recently commented on FLYW. Seaport Res Ptn lowered shares of Flywire from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Wells Fargo & Company cut their price objective on shares of Flywire from $20.00 to $16.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. UBS Group downgraded shares of Flywire from a “buy” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $15.00 in a research note on Wednesday, February 26th. BTIG Research downgraded shares of Flywire from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Flywire from a “buy” rating to a “hold” rating and lowered their target price for the company from $26.00 to $16.00 in a research note on Wednesday, February 26th.

Insiders Place Their Bets

In other Flywire news, Director Gretchen Howard purchased 8,889 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $10.94 per share, with a total value of $97,245.66. Following the completion of the purchase, the director now owns 30,770 shares of the company’s stock, valued at $336,623.80. The trade was a 40.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FLYW. Vanguard Group Inc. increased its stake in shares of Flywire by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 12,087,221 shares of the company’s stock worth $249,238,000 after buying an additional 781,711 shares during the period. FMR LLC increased its stake in shares of Flywire by 3.6% in the third quarter. FMR LLC now owns 9,408,098 shares of the company’s stock worth $154,199,000 after buying an additional 326,120 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of Flywire by 19.3% in the third quarter. Westfield Capital Management Co. LP now owns 6,226,912 shares of the company’s stock worth $102,059,000 after buying an additional 1,006,516 shares during the period. Jennison Associates LLC increased its stake in shares of Flywire by 53.0% in the fourth quarter. Jennison Associates LLC now owns 3,406,312 shares of the company’s stock worth $70,238,000 after buying an additional 1,179,562 shares during the period. Finally, State Street Corp increased its stake in shares of Flywire by 5.2% in the third quarter. State Street Corp now owns 2,930,906 shares of the company’s stock worth $48,038,000 after buying an additional 145,894 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Flywire Trading Up 2.0 %

FLYW stock opened at $10.26 on Friday. The firm has a 50 day moving average of $18.07 and a 200-day moving average of $18.59. Flywire has a 12 month low of $8.62 and a 12 month high of $27.06. The firm has a market capitalization of $1.28 billion, a P/E ratio of 68.40, a price-to-earnings-growth ratio of 1.41 and a beta of 1.17.

Flywire (NASDAQ:FLYW) last released its quarterly earnings data 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 net margin of 4.23% and a return on equity of 2.49%. The firm had revenue of $112.80 million during the quarter, compared to the consensus estimate of $118.85 million. Sell-side analysts predict that Flywire will post 0.14 EPS 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.