Flywire (NASDAQ:FLYW) receives a “Neutral” rating from Wedbush

Wedbush maintained its neutral rating on the company’s shares Flywire (NASDAQ:FLYW – Free Report) – according to RTT News, in a research note published on Thursday. The current target price for the company’s stock is $18.00.

Several other equity research analysts have also recently published reports on the company. JPMorgan Chase & Co. raised their target price on Flywire from $29.00 to $32.00 and gave the stock a Neutral rating in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of Flywire in a research note on Tuesday, February 6th. They issued a buy rating and a $27.00 price target for the company. BTIG Research lowered their target price on shares of Flywire from $34.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8. Citigroup lowered their target price on shares of Flywire from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, May 8. Finally, Morgan Stanley downgraded shares of Flywire from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $27.00 to $30.00 in a research report on Friday, March 1st. Three investment analysts rated the company’s shares with a hold rating, thirteen of them gave a buy rating, and one gave a strong buy rating. According to MarketBeat.com, the company has a consensus rating of Buy on average and an average price target of $30.40.

Read our latest analysis on FLYW

Flywire trading up 2.3%

On Thursday, NASDAQ FLYW opened at $17.76. The market value of the company’s shares is $2.21 billion, the P/E ratio is -161.39, the PEG ratio is 22.06 and the beta ratio is 1.09. The company’s fifty-day simple moving average is $21.24 and its 200-day simple moving average is $22.39. Flywire has a 52-week low of $15.77 and a 52-week high of $35.80.

Flywire (NASDAQ:FLYW – Get Free Report) last released its quarterly data on Tuesday, May 7th. The company reported ($0.05) EPS for the quarter, missing analyst estimates of ($0.04) by ($0.01). The company had revenue of $114.10 million for the quarter, compared to analyst estimates of $107.81 million. Flywire had a negative return on equity of 1.56% and a negative net margin of 2.63%. The company’s quarterly revenues increased by 20.9% compared to the same quarter last year. During the same quarter last year, the company posted EPS ($0.03). On average, analysts expect Flywire to post 0.01 EPS for the current fiscal year.

Buying and selling insider information on Flywire

In other Flywire news, CTO David R. King sold 9,366 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $27.30, for a total value of $255,691.80. Following the sale, the technology executive now owns 621,568 shares of the company’s stock, valued at $16,968,806.40. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. In related news, CTO David R. King sold 9,366 shares of Flywire stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $27.30, for a total transaction amount of $255,691.80. Following the sale, the chief technology officer now directly owns 621,568 shares of the company’s stock, valued at $16,968,806.40. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, CEO Michael Massaro sold 13,043 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $24.07, for a total transaction amount of $313,945.01. Following the completion of the sale, the CEO now directly owns 1,655,673 shares of the company’s stock valued at $39,852,049.11. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 141,800 shares of company stock worth $3,743,582. Company insiders own 3.90% of the company’s shares.

Hedge funds are playing on Flywire

Several hedge funds have recently changed their positions in FLYW. Headlands Technologies LLC bought a new stake in shares of Flywire during the first quarter worth approximately $46,000. Quest Partners LLC bought a new stake in shares of Flywire during the 4th quarter valued at $52,000. RiverPark Advisors LLC increased its holdings in shares of Flywire by 22.6% during the fourth quarter. RiverPark Advisors LLC now owns 3,195 shares of the company’s stock valued at $74,000 after acquiring an additional 589 shares in the last quarter. In the first quarter, Advisors Asset Management Inc. increased its position in Flywire shares by 45.6%. Advisors Asset Management Inc. now owns 3,044 shares of the company’s stock valued at $76,000 after purchasing an additional 954 shares during the period. Finally, in the fourth quarter, Assetmark Inc. increased its stake in Flywire shares by 16.9%. Assetmark Inc. now owns 5,061 shares of the company’s stock valued at $117,000 after purchasing an additional 733 shares in the last quarter. Institutional investors and hedge funds hold 95.90% of the company’s shares.

Flywire company profile

(Get the free report)

Flywire Corporation, together with its subsidiaries, operates as a payment processing and software company in the United States and internationally. The payment platform and network, as well as industry-specific software, help customers receive payments and help customers pay. The company’s platform facilitates the flow of payments across multiple currencies, payment types and payment options, and provides direct connections to alternative payment methods such as Alipay, Boleto, PayPal/Venmo and Trustly.

Flywire trading up 2.3%

Buying and selling insider information on Flywire

Hedge funds are playing on Flywire

Flywire company profile

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