Flywire (NASDAQ:FLYW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Flywire (NASDAQ:FLYW) from a hold rating to a buy rating in a research note released on Saturday morning.

Other equities analysts have also recently issued research reports about the stock. UBS Group dropped their price objective on shares of Flywire from $15.50 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Citigroup lowered their target price on shares of Flywire from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. B. Riley Financial increased their price target on shares of Flywire from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Stephens upgraded shares of Flywire from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $17.00 to $19.00 in a research note on Friday, January 16th. Finally, Truist Financial decreased their price objective on Flywire from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.18.

Flywire Trading Up 1.1%

Shares of FLYW stock opened at $13.76 on Friday. Flywire has a 12 month low of $8.51 and a 12 month high of $15.25. The company has a market capitalization of $1.67 billion, a P/E ratio of 137.61, a P/E/G ratio of 1.16 and a beta of 1.26. The stock has a 50 day moving average of $12.09 and a two-hundred day moving average of $13.07.

Flywire (NASDAQ:FLYW) last released its quarterly earnings data on Tuesday, February 24th. The company reported $105.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $105.56. The business had revenue of $157.54 million for the quarter, compared to analysts’ expectations of $144.96 million. Flywire had a return on equity of 2.76% and a net margin of 2.17%.Flywire’s quarterly revenue was up 34.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.12) earnings per share. Sell-side analysts predict that Flywire will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Flywire

In other news, major shareholder Voss Capital, Lp bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was acquired at an average price of $10.99 per share, for a total transaction of $274,750.00. Following the transaction, the insider directly owned 2,300,000 shares of the company’s stock, valued at $25,277,000. This trade represents a 1.10% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Peter Butterfield sold 9,009 shares of Flywire stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $13.05, for a total transaction of $117,567.45. Following the transaction, the general counsel directly owned 532,962 shares of the company’s stock, valued at $6,955,154.10. This represents a 1.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GDS Wealth Management increased its holdings in Flywire by 9.0% during the 3rd quarter. GDS Wealth Management now owns 1,039,320 shares of the company’s stock valued at $14,072,000 after purchasing an additional 85,411 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in Flywire in the third quarter worth $1,253,000. BlueCrest Capital Management Ltd acquired a new position in Flywire in the third quarter worth $1,354,000. Advisory Research Inc. bought a new stake in shares of Flywire during the third quarter worth $1,575,000. Finally, Promus Capital LLC bought a new stake in shares of Flywire during the third quarter worth $1,000,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Flywire Company Profile

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.