Flywire Corporation (NASDAQ:FLYW) Receives Average Recommendation of “Hold” from Analysts

Shares of Flywire Corporation (NASDAQ:FLYW) have been given an average recommendation of “Hold” by the seventeen brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $14.8077.

Several equities research analysts recently issued reports on the stock. Stephens reiterated an “equal weight” rating and issued a $13.00 target price on shares of Flywire in a research note on Monday, September 22nd. Truist Financial raised their price objective on Flywire from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. UBS Group boosted their target price on Flywire from $13.50 to $15.50 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Weiss Ratings restated a “sell (d)” rating on shares of Flywire in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Flywire from a “sell” rating to a “hold” rating in a report on Sunday, August 10th.

Flywire Trading Down 1.5%

NASDAQ FLYW opened at $13.78 on Tuesday. Flywire has a 12 month low of $8.20 and a 12 month high of $23.23. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $13.41 and a 200-day moving average of $12.33. The company has a market cap of $1.68 billion, a PE ratio of -688.66, a PEG ratio of 2.77 and a beta of 1.29.

Flywire (NASDAQ:FLYW) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. Flywire had a negative net margin of 0.42% and a positive return on equity of 0.80%. The firm had revenue of $194.10 million for the quarter, compared to analyst estimates of $180.07 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 27.6% compared to the same quarter last year. On average, equities research analysts anticipate that Flywire will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its holdings in shares of Flywire by 194.9% during the second quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock worth $38,000 after acquiring an additional 2,167 shares during the period. Covestor Ltd lifted its holdings in Flywire by 217.9% during the 3rd quarter. Covestor Ltd now owns 3,233 shares of the company’s stock worth $43,000 after purchasing an additional 2,216 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in Flywire by 78.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock worth $66,000 after purchasing an additional 2,497 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Flywire in the 3rd quarter valued at $67,000. Finally, CWM LLC grew its holdings in Flywire by 850.9% in the 2nd quarter. CWM LLC now owns 6,447 shares of the company’s stock valued at $75,000 after buying an additional 5,769 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

About Flywire

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.