Seaport Res Ptn Has Bearish Estimate for Flywire Q4 Earnings

Flywire Co. (NASDAQ:FLYW) – Research analysts at Seaport Res Ptn cut their Q4 2024 earnings estimates for shares of Flywire in a note issued to investors on Wednesday, November 27th. Seaport Res Ptn analyst J. Cantwell now anticipates that the company will post earnings of $0.03 per share for the quarter, down from their previous estimate of $0.05. The consensus estimate for Flywire’s current full-year earnings is $0.11 per share. Seaport Res Ptn also issued estimates for Flywire’s Q1 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.03 EPS, Q2 2026 earnings at $0.03 EPS, Q3 2026 earnings at $0.28 EPS and FY2026 earnings at $0.46 EPS.

FLYW has been the subject of several other reports. B. Riley reaffirmed a “buy” rating and set a $30.00 price objective on shares of Flywire in a research report on Wednesday, October 2nd. Wells Fargo & Company cut shares of Flywire from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $20.00 to $18.00 in a research report on Friday, October 11th. Morgan Stanley boosted their price target on shares of Flywire from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. The Goldman Sachs Group boosted their price target on shares of Flywire from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Monday. Finally, BTIG Research reduced 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 Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $25.29.

Flywire Trading Down 1.9 %

Flywire stock opened at $22.70 on Monday. The stock has a market cap of $2.82 billion, a P/E ratio of 151.33, a price-to-earnings-growth ratio of 3.90 and a beta of 1.08. The company has a fifty day simple moving average of $18.84 and a 200-day simple moving average of $17.83. Flywire has a 12-month low of $15.19 and a 12-month high of $31.54.

Insider Transactions at Flywire

In other news, COO Rob Orgel sold 3,824 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $17.31, for a total transaction of $66,193.44. Following the transaction, the chief operating officer now directly owns 473,648 shares in the company, valued at $8,198,846.88. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO David R. King sold 3,504 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $17.31, for a total transaction of $60,654.24. Following the transaction, the chief technology officer now owns 616,680 shares in the company, valued at approximately $10,674,730.80. This trade represents a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,663 shares of company stock worth $149,957 over the last ninety days. 3.90% of the stock is currently owned by company insiders.

Institutional Trading of Flywire

A number of institutional investors have recently added to or reduced their stakes in FLYW. World Investment Advisors LLC purchased a new stake in shares of Flywire in the third quarter valued at about $209,000. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 17,062 shares in the last quarter. Brophy Wealth Management LLC purchased a new stake in shares of Flywire in the third quarter valued at about $263,000. Bullseye Asset Management LLC lifted its holdings in shares of Flywire by 0.7% in the third quarter. Bullseye Asset Management LLC now owns 146,846 shares of the company’s stock valued at $2,407,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of Flywire by 361.4% during the third quarter. Barclays PLC now owns 197,493 shares of the company’s stock valued at $3,236,000 after buying an additional 154,694 shares during the period. Hedge funds and other institutional investors 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.