William Blair Has Pessimistic Outlook of Flywire Q4 Earnings

Flywire Co. (NASDAQ:FLYW) – Analysts at William Blair dropped their Q4 2024 earnings per share estimates for Flywire in a report released on Friday, November 8th. William Blair analyst C. Kennedy now anticipates that the company will post earnings per share of $0.00 for the quarter, down from their prior estimate of $0.01. The consensus estimate for Flywire’s current full-year earnings is $0.06 per share. William Blair also issued estimates for Flywire’s Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at $0.29 EPS and Q4 2025 earnings at $0.07 EPS.

A number of other research analysts have also recently commented on the company. Raymond James raised their price target on Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a research report on Friday. Citigroup decreased their price target on Flywire from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. BTIG Research decreased their price target on Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Wells Fargo & Company cut Flywire from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $20.00 to $18.00 in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. lifted their target price on Flywire from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Flywire presently has an average rating of “Moderate Buy” and an average target price of $24.86.

Flywire Stock Performance

FLYW opened at $23.17 on Monday. Flywire has a fifty-two week low of $15.19 and a fifty-two week high of $31.54. The company has a market capitalization of $2.90 billion, a P/E ratio of 154.47, a P/E/G ratio of 9.00 and a beta of 0.95. The stock has a fifty day moving average of $17.28 and a 200-day moving average of $17.44.

Institutional Investors Weigh In On Flywire

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP purchased a new stake in shares of Flywire in the second quarter worth approximately $26,000. Headlands Technologies LLC purchased a new position in Flywire during the 1st quarter worth $46,000. Advisors Asset Management Inc. increased its holdings in Flywire by 45.6% during the 1st quarter. Advisors Asset Management Inc. now owns 3,044 shares of the company’s stock worth $76,000 after purchasing an additional 954 shares during the period. Daiwa Securities Group Inc. purchased a new position in shares of Flywire in the 2nd quarter valued at $64,000. Finally, SG Americas Securities LLC purchased a new position in shares of Flywire in the 3rd quarter valued at $149,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CTO David R. King sold 3,353 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total transaction of $60,488.12. Following the completion of the sale, the chief technology officer now owns 620,184 shares in the company, valued at approximately $11,188,119.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Rob Orgel sold 4,552 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total value of $82,118.08. Following the completion of the sale, the chief operating officer now directly owns 477,472 shares of the company’s stock, valued at $8,613,594.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO David R. King sold 3,353 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total value of $60,488.12. Following the completion of the sale, the chief technology officer now directly owns 620,184 shares of the company’s stock, valued at $11,188,119.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,966 shares of company stock valued at $480,143 over the last ninety days. 3.90% of the stock is currently owned by corporate insiders.

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.