Brokerages Set Flywire Corporation (NASDAQ:FLYW) PT at $15.73

Flywire Corporation (NASDAQ:FLYW) has been given a consensus recommendation of “Hold” by the sixteen ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $15.7308.

Several research firms recently commented on FLYW. Wall Street Zen lowered shares of Flywire from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. B. Riley Financial increased their target price on shares of Flywire from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Weiss Ratings restated a “sell (d)” rating on shares of Flywire in a research note on Thursday, January 22nd. The Goldman Sachs Group upped their price target on Flywire from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, Truist Financial set a $17.00 price objective on Flywire in a report on Tuesday, January 20th.

Flywire Trading Up 1.1%

Shares of NASDAQ:FLYW opened at $11.23 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02. Flywire has a 12-month low of $8.20 and a 12-month high of $19.75. The business has a 50 day moving average of $13.30 and a two-hundred day moving average of $13.21. The company has a market capitalization of $1.37 billion, a PE ratio of -561.22, a PEG ratio of 1.26 and a beta of 1.28.

Insider Buying and Selling

In other Flywire news, General Counsel Peter Butterfield sold 13,327 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $15.01, for a total transaction of $200,038.27. Following the completion of the transaction, the general counsel directly owned 374,933 shares in the company, valued at approximately $5,627,744.33. This represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Phillip John Riese sold 16,612 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $15.08, for a total transaction of $250,508.96. Following the transaction, the director directly owned 234,493 shares in the company, valued at approximately $3,536,154.44. The trade was a 6.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders purchased 251,112 shares of company stock valued at $3,477,834 and sold 38,426 shares valued at $567,215. 4.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Flywire

Several large investors have recently bought and sold shares of FLYW. Global Retirement Partners LLC purchased a new position in shares of Flywire in the fourth quarter valued at approximately $32,000. Nisa Investment Advisors LLC raised its stake in Flywire by 194.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock valued at $38,000 after purchasing an additional 2,167 shares during the last quarter. Covestor Ltd lifted its holdings in Flywire by 217.9% in the 3rd quarter. Covestor Ltd now owns 3,233 shares of the company’s stock valued at $43,000 after purchasing an additional 2,216 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Flywire by 78.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock valued at $66,000 after purchasing an additional 2,497 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in Flywire during the 3rd quarter worth $67,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

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.