Flywire Corporation (NASDAQ:FLYW) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Flywire Corporation (NASDAQ:FLYW) have been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $18.0714.

Several equities analysts recently issued reports on FLYW shares. Wall Street Zen raised shares of Flywire from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Zacks Research raised shares of Flywire from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 20th. Weiss Ratings raised shares of Flywire from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. UBS Group lifted their price target on shares of Flywire from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Citigroup lifted their price target on shares of Flywire from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, May 7th.

Insider Activity at Flywire

In other Flywire news, insider Mohit Kansal sold 16,101 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $15.90, for a total value of $256,005.90. Following the completion of the sale, the insider owned 567,794 shares in the company, valued at approximately $9,027,924.60. This trade represents a 2.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Peter Butterfield sold 1,480 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $18.02, for a total transaction of $26,669.60. Following the completion of the sale, the general counsel owned 671,482 shares of the company’s stock, valued at $12,100,105.64. The trade was a 0.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 114,511 shares of company stock worth $1,859,470. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Flywire

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLYW. Mangrove Partners IM LLC acquired a new stake in Flywire in the 3rd quarter valued at about $39,289,000. Wellington Management Group LLP lifted its stake in Flywire by 173.3% in the third quarter. Wellington Management Group LLP now owns 3,358,186 shares of the company’s stock valued at $45,470,000 after buying an additional 2,129,514 shares in the last quarter. Voss Capital LP lifted its stake in Flywire by 21.5% in the fourth quarter. Voss Capital LP now owns 11,750,000 shares of the company’s stock valued at $166,380,000 after buying an additional 2,080,202 shares in the last quarter. Jennison Associates LLC lifted its stake in Flywire by 35.2% in the fourth quarter. Jennison Associates LLC now owns 4,420,633 shares of the company’s stock valued at $62,596,000 after buying an additional 1,150,802 shares in the last quarter. Finally, Cooper Creek Partners Management LLC bought a new position in Flywire in the third quarter valued at approximately $15,433,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Flywire Stock Performance

NASDAQ:FLYW opened at $16.61 on Tuesday. The company has a 50-day moving average of $14.03 and a 200-day moving average of $13.50. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 72.22, a PEG ratio of 1.10 and a beta of 1.34. Flywire has a 52 week low of $9.97 and a 52 week high of $18.05.

Flywire (NASDAQ:FLYW) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.07. Flywire had a net margin of 4.45% and a return on equity of 3.78%. The company had revenue of $184.00 million during the quarter, compared to the consensus estimate of $170.24 million. During the same period last year, the firm earned ($0.03) EPS. The firm’s revenue for the quarter was up 40.9% compared to the same quarter last year. Sell-side analysts forecast that Flywire will post 0.42 EPS for the current year.

About Flywire

Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.