Flywire Corporation (NASDAQ:FLYW) Receives $15.73 Consensus Target Price from Analysts

Flywire Corporation (NASDAQ:FLYW) has earned an average rating of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $15.7308.

Several equities research analysts recently commented on FLYW shares. Truist Financial set a $17.00 price objective on shares of Flywire in a research report on Tuesday, January 20th. UBS Group lifted their target price on Flywire from $13.50 to $15.50 and gave the company a “neutral” rating in a report on Wednesday, November 5th. B. Riley lifted their price target 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 reaffirmed a “sell (d)” rating on shares of Flywire in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group raised their target price on Flywire from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th.

Insider Activity

In other news, General Counsel Peter Butterfield sold 13,327 shares of the firm’s stock in a transaction dated 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 owned 374,933 shares in the company, valued at approximately $5,627,744.33. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Voss Capital, Lp bought 181,121 shares of Flywire stock in a transaction that occurred on Tuesday, December 30th. The shares were acquired at an average price of $14.15 per share, with a total value of $2,562,862.15. Following the completion of the acquisition, the insider directly owned 9,625,009 shares of the company’s stock, valued at $136,193,877.35. This represents a 1.92% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have sold 39,526 shares of company stock worth $583,717. 4.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Flywire

A number of institutional investors have recently bought and sold shares of the stock. Voss Capital LP grew its holdings in shares of Flywire by 176.0% during the second quarter. Voss Capital LP now owns 8,100,000 shares of the company’s stock valued at $94,770,000 after buying an additional 5,165,014 shares in the last quarter. Divisadero Street Capital Management LP grew its position in Flywire by 178.0% during the second quarter. Divisadero Street Capital Management LP now owns 4,784,654 shares of the company’s stock valued at $55,980,000 after purchasing an additional 3,063,518 shares in the last quarter. Wellington Management Group LLP lifted its position in Flywire by 173.3% in the 3rd quarter. Wellington Management Group LLP now owns 3,358,186 shares of the company’s stock worth $45,470,000 after buying an additional 2,129,514 shares in the last quarter. Mangrove Partners IM LLC purchased a new stake in Flywire in the 3rd quarter worth approximately $39,289,000. Finally, Azora Capital LP acquired a new stake in shares of Flywire during the 2nd quarter valued at $33,355,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Flywire Stock Down 2.9%

FLYW stock opened at $13.35 on Wednesday. Flywire has a 12 month low of $8.20 and a 12 month high of $21.31. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -667.17, a PEG ratio of 1.55 and a beta of 1.28. The firm has a 50-day moving average of $14.06 and a two-hundred day moving average of $13.22. 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 (NASDAQ:FLYW) last posted its earnings results on Tuesday, November 4th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $194.10 million during the quarter, compared to the consensus estimate of $180.07 million. Flywire had a negative net margin of 0.42% and a positive return on equity of 0.80%. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. As a group, analysts forecast that Flywire will post 0.14 earnings per share for the current fiscal 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.