Flywire (NASDAQ:FLYW) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Flywire (NASDAQ:FLYW – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

Other equities research analysts have also issued reports about the company. Wolfe Research reaffirmed an “outperform” rating and issued a $19.00 target price on shares of Flywire in a research report on Wednesday, November 5th. Stephens raised shares of Flywire from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $17.00 to $19.00 in a report on Friday. Citigroup upgraded shares of Flywire to a “hold” rating in a research report on Thursday, October 23rd. Seaport Res Ptn raised shares of Flywire from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Finally, B. Riley upped their target price 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. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.65.

Read Our Latest Research Report on FLYW

Flywire Stock Performance

Shares of FLYW opened at $13.79 on Friday. The stock has a market capitalization of $1.68 billion, a PE ratio of -689.16, a price-to-earnings-growth ratio of 1.56 and a beta of 1.28. Flywire has a 12-month low of $8.20 and a 12-month high of $21.31. The business’s fifty day moving average price is $14.08 and its 200 day moving average price is $13.14. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.53 and a quick ratio of 1.53.

Flywire (NASDAQ:FLYW – Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.23 EPS for the quarter, beating 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 business had revenue of $194.10 million during the quarter, compared to analyst estimates of $180.07 million. During the same period in the previous year, the business posted $0.30 EPS. The company’s quarterly revenue was up 27.6% on a year-over-year basis. Equities research analysts forecast that Flywire will post 0.14 EPS for the current year.

Insider Buying and Selling at Flywire

In related news, major shareholder Voss Capital, Lp acquired 181,121 shares of the business’s stock in a transaction dated Tuesday, December 30th. The stock was bought at an average price of $14.15 per share, for a total transaction of $2,562,862.15. Following the transaction, the insider owned 9,625,009 shares of the company’s stock, valued at approximately $136,193,877.35. The trade was a 1.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the general counsel directly owned 374,933 shares of the company’s stock, valued at approximately $5,627,744.33. This represents a 3.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 39,526 shares of company stock valued at $583,717. Corporate insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Voss Capital LP raised its holdings in shares of Flywire by 176.0% during the second quarter. Voss Capital LP now owns 8,100,000 shares of the company’s stock valued at $94,770,000 after acquiring an additional 5,165,014 shares during the period. Divisadero Street Capital Management LP boosted its stake in Flywire by 178.0% in the 2nd quarter. Divisadero Street Capital Management LP now owns 4,784,654 shares of the company’s stock worth $55,980,000 after purchasing an additional 3,063,518 shares during the period. Wellington Management Group LLP grew its position in Flywire by 173.3% during the 3rd quarter. Wellington Management Group LLP now owns 3,358,186 shares of the company’s stock worth $45,470,000 after purchasing an additional 2,129,514 shares in the last quarter. Mangrove Partners IM LLC acquired a new stake in Flywire during the 3rd quarter valued at $39,289,000. Finally, Azora Capital LP acquired a new stake in shares of Flywire in the second quarter worth $33,355,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

About Flywire

(Get Free Report)

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.

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