Flywire (NASDAQ:FLYW) Price Target Raised to $20.00

Flywire (NASDAQ:FLYWFree Report) had its price target lifted by BTIG Research from $17.00 to $20.00 in a research report report published on Wednesday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts have also recently weighed in on FLYW. The Goldman Sachs Group decreased their price objective on shares of Flywire from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. B. Riley Financial boosted their price target on Flywire from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Wall Street Zen raised Flywire from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Stephens upgraded Flywire from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $17.00 to $19.00 in a report on Friday, January 16th. Finally, UBS Group cut their target price on Flywire from $15.50 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.17.

View Our Latest Research Report on Flywire

Flywire Stock Down 2.8%

NASDAQ FLYW opened at $17.23 on Wednesday. Flywire has a fifty-two week low of $9.97 and a fifty-two week high of $18.05. The business has a 50 day moving average price of $12.84 and a two-hundred day moving average price of $13.18. The stock has a market cap of $2.09 billion, a PE ratio of 74.91, a P/E/G ratio of 1.32 and a beta of 1.30.

Flywire (NASDAQ:FLYWGet Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.07. The business had revenue of $184.00 million for the quarter, compared to analysts’ expectations of $170.24 million. Flywire had a net margin of 4.45% and a return on equity of 3.78%. The business’s revenue for the quarter was up 40.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.03) earnings per share. Sell-side analysts anticipate that Flywire will post 0.39 EPS for the current fiscal year.

Insider Transactions at Flywire

In other Flywire news, General Counsel Peter Butterfield sold 9,009 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $13.05, for a total transaction of $117,567.45. Following the completion of the transaction, the general counsel directly owned 532,962 shares of the company’s stock, valued at approximately $6,955,154.10. This trade represents a 1.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Phillip John Riese sold 37,921 shares of Flywire stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $16.87, for a total value of $639,727.27. Following the transaction, the director owned 234,493 shares in the company, valued at approximately $3,955,896.91. This trade represents a 13.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 113,031 shares of company stock valued at $1,832,801 over the last three months. 4.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Flywire

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in shares of Flywire by 18.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,886,865 shares of the company’s stock valued at $21,962,000 after purchasing an additional 295,960 shares in the last quarter. KBC Group NV acquired a new stake in Flywire during the first quarter valued at approximately $38,000. Roubaix Capital LLC acquired a new stake in Flywire during the first quarter valued at approximately $2,685,000. Jennison Associates LLC boosted its holdings in Flywire by 19.9% during the first quarter. Jennison Associates LLC now owns 5,298,881 shares of the company’s stock worth $61,679,000 after buying an additional 878,248 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new stake in Flywire during the first quarter worth approximately $92,000. 95.90% of the stock is currently owned by institutional investors.

Flywire News Summary

Here are the key news stories impacting Flywire this week:

Flywire Company Profile

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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.

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Analyst Recommendations for Flywire (NASDAQ:FLYW)

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