Flywire Corporation (NASDAQ:FLYW) Receives Consensus Rating of “Hold” from Analysts

Shares of Flywire Corporation (NASDAQ:FLYW) have received a consensus recommendation of “Hold” from the sixteen ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $15.7308.

Several equities analysts recently weighed in on FLYW shares. Wall Street Zen lowered shares of Flywire from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Wolfe Research reissued an “outperform” rating and issued a $19.00 price target on shares of Flywire in a research note on Wednesday, November 5th. Zacks Research upgraded Flywire from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. UBS Group increased their price objective on Flywire from $13.50 to $15.50 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Flywire in a research report on Thursday, January 22nd.

Flywire Stock Performance

Shares of FLYW opened at $10.97 on Friday. Flywire has a 1 year low of $8.20 and a 1 year high of $20.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a fifty day moving average of $13.54 and a 200-day moving average of $13.23. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -548.23, a price-to-earnings-growth ratio of 1.24 and a beta of 1.28.

Insider Buying and Selling at Flywire

In other Flywire news, General Counsel Peter Butterfield sold 13,327 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $15.01, for a total value of $200,038.27. Following the completion of the sale, the general counsel directly owned 374,933 shares of the company’s stock, valued at $5,627,744.33. This trade represents a 3.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Voss Capital, Lp purchased 181,121 shares of the stock in a transaction that occurred on Tuesday, December 30th. The stock was acquired at an average cost of $14.15 per share, with a total value of $2,562,862.15. Following the completion of the acquisition, the insider directly owned 9,625,009 shares of the company’s stock, valued at $136,193,877.35. This represents a 1.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 38,426 shares of company stock worth $567,215 over the last 90 days. Company insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FLYW. Voss Capital LP raised its holdings in Flywire by 21.5% in the 4th quarter. Voss Capital LP now owns 11,750,000 shares of the company’s stock valued at $166,380,000 after acquiring an additional 2,080,202 shares in the last quarter. Divisadero Street Capital Management LP boosted its position in Flywire by 178.0% in the second quarter. Divisadero Street Capital Management LP now owns 4,784,654 shares of the company’s stock valued at $55,980,000 after buying an additional 3,063,518 shares in the last quarter. Jennison Associates LLC increased its holdings in Flywire by 35.2% in the 4th quarter. Jennison Associates LLC now owns 4,420,633 shares of the company’s stock worth $62,596,000 after purchasing an additional 1,150,802 shares in the last quarter. Wellington Management Group LLP raised its holdings in Flywire by 173.3% in the 3rd quarter. Wellington Management Group LLP now owns 3,358,186 shares of the company’s stock valued at $45,470,000 after buying an additional 2,129,514 shares during the last quarter. Finally, Mangrove Partners IM LLC bought a new stake in shares of Flywire in the 3rd quarter valued at about $39,289,000. Institutional investors own 95.90% of the company’s stock.

About Flywire

Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.