Flywire Co. (NASDAQ:FLYW) Receives $25.38 Consensus PT from Brokerages

Flywire Co. (NASDAQ:FLYW) has received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $25.38.

FLYW has been the subject of several research analyst reports. The Goldman Sachs Group lifted their target price on shares of Flywire from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Morgan Stanley lifted their price objective on shares of Flywire from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $25.00 target price on shares of Flywire in a research note on Thursday, January 9th. Seaport Res Ptn lowered Flywire from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Citigroup reduced their price objective on Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th.

Institutional Investors Weigh In On Flywire

Several institutional investors have recently added to or reduced their stakes in FLYW. Raymond James Financial Inc. bought a new position in Flywire during the 4th quarter valued at approximately $35,579,000. Jennison Associates LLC increased its stake in shares of Flywire by 53.0% during the fourth quarter. Jennison Associates LLC now owns 3,406,312 shares of the company’s stock valued at $70,238,000 after buying an additional 1,179,562 shares during the period. Westfield Capital Management Co. LP raised its holdings in shares of Flywire by 19.3% during the third quarter. Westfield Capital Management Co. LP now owns 6,226,912 shares of the company’s stock valued at $102,059,000 after acquiring an additional 1,006,516 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Flywire by 73.8% in the fourth quarter. Victory Capital Management Inc. now owns 806,257 shares of the company’s stock worth $16,625,000 after acquiring an additional 342,245 shares during the period. Finally, Invenomic Capital Management LP boosted its holdings in Flywire by 100.6% in the third quarter. Invenomic Capital Management LP now owns 680,668 shares of the company’s stock valued at $11,156,000 after acquiring an additional 341,411 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Flywire Stock Performance

Flywire stock opened at $20.40 on Wednesday. The stock has a market cap of $2.54 billion, a P/E ratio of 136.00, a PEG ratio of 1.52 and a beta of 1.08. Flywire has a fifty-two week low of $15.19 and a fifty-two week high of $31.54. The firm’s fifty day moving average price is $20.09 and its 200-day moving average price is $18.90.

Flywire (NASDAQ:FLYW) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.16. The firm had revenue of $156.82 million for the quarter, compared to analysts’ expectations of $146.44 million. Flywire had a return on equity of 2.49% and a net margin of 4.23%. During the same quarter last year, the firm posted $0.08 EPS. Sell-side analysts predict that Flywire will post 0.14 earnings per share for the current year.

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.