Flywire Co. (NASDAQ:FLYW) Given Average Recommendation of “Hold” by Analysts

Shares of Flywire Co. (NASDAQ:FLYW) have earned an average rating of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $19.23.

A number of equities analysts have issued reports on the company. Seaport Res Ptn cut Flywire from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Royal Bank of Canada lowered their price objective on Flywire from $25.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday. Morgan Stanley cut their target price on shares of Flywire from $21.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Citigroup decreased their price target on shares of Flywire from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, UBS Group downgraded shares of Flywire from a “buy” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $15.00 in a research note on Wednesday.

Institutional Investors Weigh In On Flywire

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in Flywire by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,799,486 shares of the company’s stock valued at $45,892,000 after buying an additional 17,062 shares during the period. Jennison Associates LLC increased its stake in shares of Flywire by 5.3% in the 3rd quarter. Jennison Associates LLC now owns 2,226,750 shares of the company’s stock valued at $36,496,000 after acquiring an additional 112,218 shares in the last quarter. Versor Investments LP acquired a new position in shares of Flywire during the 4th quarter valued at $1,118,000. Curi RMB Capital LLC bought a new position in Flywire during the third quarter worth $1,143,000. Finally, Y Intercept Hong Kong Ltd grew its holdings in Flywire by 345.3% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 96,029 shares of the company’s stock worth $1,980,000 after purchasing an additional 74,465 shares during the period. Institutional investors own 95.90% of the company’s stock.

Flywire Trading Up 4.5 %

FLYW opened at $11.40 on Friday. The company’s 50 day moving average is $19.03 and its 200-day moving average is $18.83. The company has a market cap of $1.42 billion, a P/E ratio of 76.00, a PEG ratio of 1.41 and a beta of 1.08. Flywire has a 1-year low of $8.62 and a 1-year high of $29.53.

Flywire (NASDAQ:FLYW) last issued its earnings results on Tuesday, February 25th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). Flywire had a net margin of 4.23% and a return on equity of 2.49%. The company had revenue of $112.80 million during the quarter, compared to analyst estimates of $118.85 million. On average, equities 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.