Flywire (NASDAQ:FLYW) Stock Rating Lowered by UBS Group

Flywire (NASDAQ:FLYW) was downgraded by research analysts at UBS Group from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, MarketBeat reports. They presently have a $15.00 target price on the stock, down from their prior target price of $25.00. UBS Group’s price objective indicates a potential upside of 37.49% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada restated an “outperform” rating and set a $25.00 target price on shares of Flywire in a research report on Thursday, January 9th. Morgan Stanley upped their price objective on Flywire from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Citigroup lowered their target price on shares of Flywire from $27.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Raymond James lowered Flywire from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $29.00 to $17.00 in a research note on Wednesday. Finally, Stephens lowered shares of Flywire from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $26.00 to $15.00 in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Flywire currently has a consensus rating of “Hold” and a consensus target price of $20.64.

Flywire Stock Down 1.3 %

Shares of FLYW opened at $10.91 on Wednesday. Flywire has a 52 week low of $8.62 and a 52 week high of $31.54. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 72.73, a PEG ratio of 1.41 and a beta of 1.08. The business has a 50-day simple moving average of $19.21 and a two-hundred day simple moving average of $18.87.

Flywire (NASDAQ:FLYW) last posted its quarterly 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 return on equity of 2.49% and a net margin of 4.23%. The firm had revenue of $112.80 million during the quarter, compared to the consensus estimate of $118.85 million. On average, equities analysts anticipate that Flywire will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Flywire

A number of hedge funds and other institutional investors have recently bought and sold shares of FLYW. Global Retirement Partners LLC acquired a new position in shares of Flywire during the fourth quarter worth $30,000. Arcadia Investment Management Corp MI purchased a new position in Flywire during the 4th quarter worth $48,000. Advisors Asset Management Inc. increased its position in Flywire by 15.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company’s stock valued at $66,000 after buying an additional 539 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Flywire in the fourth quarter valued at about $77,000. Finally, KBC Group NV boosted its holdings in Flywire by 64.0% in the fourth quarter. KBC Group NV now owns 4,899 shares of the company’s stock worth $101,000 after acquiring an additional 1,911 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

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.