Flywire Co. (NASDAQ:FLYW) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Flywire Co. (NASDAQ:FLYW) have earned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $25.38.

FLYW has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered shares of Flywire from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $20.00 to $18.00 in a research report on Friday, October 11th. Raymond James boosted their target price on Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 8th. Seaport Res Ptn downgraded Flywire from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft upped their price objective on Flywire from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, Citigroup lowered their target price on Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th.

Institutional Investors Weigh In On Flywire

Hedge funds and other institutional investors have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd boosted its position in Flywire by 345.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 96,029 shares of the company’s stock valued at $1,980,000 after buying an additional 74,465 shares during the period. Olympiad Research LP boosted its holdings in shares of Flywire by 35.5% during the fourth quarter. Olympiad Research LP now owns 17,014 shares of the company’s stock worth $351,000 after purchasing an additional 4,460 shares during the period. Arcadia Investment Management Corp MI bought a new stake in shares of Flywire in the fourth quarter worth about $48,000. Handelsbanken Fonder AB increased its holdings in Flywire by 9.9% during the 4th quarter. Handelsbanken Fonder AB now owns 28,900 shares of the company’s stock valued at $596,000 after purchasing an additional 2,600 shares during the period. Finally, Global Retirement Partners LLC bought a new position in Flywire during the 4th quarter valued at approximately $30,000. Institutional investors own 95.90% of the company’s stock.

Flywire Trading Down 0.7 %

Shares of NASDAQ FLYW opened at $19.81 on Wednesday. The firm has a market capitalization of $2.46 billion, a P/E ratio of 132.07, a P/E/G ratio of 1.46 and a beta of 1.08. The firm’s 50-day moving average price is $20.27 and its 200-day moving average price is $18.86. Flywire has a 1-year low of $15.19 and a 1-year high of $31.54.

Flywire (NASDAQ:FLYW) last issued its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.16. Flywire had a return on equity of 2.49% and a net margin of 4.23%. The company had revenue of $156.82 million for the quarter, compared to analyst estimates of $146.44 million. During the same period in the prior year, the firm earned $0.08 earnings per share. Equities research analysts forecast that Flywire will post 0.14 EPS for the current year.

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.