Flywire Co. (NASDAQ:FLYW) Given Average Recommendation of … – MarketBeat
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Shares of Flywire Co. (NASDAQ:FLYW – Get Rating) have been assigned a consensus rating of “Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $31.25.
FLYW has been the topic of a number of research analyst reports. Raymond James reduced their target price on Flywire from $33.00 to $28.00 and set a “strong-buy” rating on the stock in a report on Thursday, November 10th. The Goldman Sachs Group lowered their target price on Flywire from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, November 9th. Loop Capital initiated coverage on Flywire in a research report on Monday, October 24th. They issued a “buy” rating and a $25.00 target price on the stock. Stephens lowered their target price on Flywire from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 9th. Finally, Wells Fargo & Company lowered their price target on Flywire from $30.00 to $27.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 9th.
Insider Transactions at Flywire
In other news, major shareholder Enrique T. Salem sold 96,136 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $20.51, for a total value of $1,971,749.36. Following the sale, the insider now directly owns 11,645,388 shares in the company, valued at approximately $238,846,907.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Enrique T. Salem sold 96,136 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $20.51, for a total transaction of $1,971,749.36. Following the sale, the insider now owns 11,645,388 shares of the company’s stock, valued at approximately $238,846,907.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jo Natauri sold 147,816 shares of the firm’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $22.20, for a total value of $3,281,515.20. Following the completion of the transaction, the director now owns 1,070,982 shares of the company’s stock, valued at approximately $23,775,800.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,827,792 shares of company stock worth $39,175,372. Company insiders own 37.50% of the company’s stock.
Institutional Investors Weigh In On Flywire
A number of institutional investors have recently added to or reduced their stakes in FLYW. Vanguard Group Inc. lifted its stake in Flywire by 29.0% in the 3rd quarter. Vanguard Group Inc. now owns 7,281,361 shares of the company’s stock worth $167,179,000 after purchasing an additional 1,635,222 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Flywire by 127.3% during the 3rd quarter. Alliancebernstein L.P. now owns 5,221,323 shares of the company’s stock valued at $119,882,000 after purchasing an additional 2,924,057 shares in the last quarter. BlackRock Inc. lifted its position in Flywire by 20.4% during the 3rd quarter. BlackRock Inc. now owns 3,680,820 shares of the company’s stock valued at $84,512,000 after acquiring an additional 624,918 shares during the period. Millennium Management LLC raised its holdings in Flywire by 33.3% in the second quarter. Millennium Management LLC now owns 2,308,228 shares of the company’s stock worth $40,694,000 after buying an additional 576,636 shares during the last quarter. Finally, Eventide Asset Management LLC grew its stake in shares of Flywire by 1,254.5% in the third quarter. Eventide Asset Management LLC now owns 1,800,367 shares of the company’s stock worth $41,336,000 after acquiring an additional 1,667,446 shares during the period. 79.06% of the stock is owned by institutional investors.
Flywire Stock Performance
Flywire stock opened at $21.74 on Friday. The firm has a market capitalization of $2.35 billion, a P/E ratio of -46.26 and a beta of 1.21. The stock has a fifty day moving average price of $21.16 and a 200 day moving average price of $21.99. Flywire has a 52 week low of $14.56 and a 52 week high of $39.31. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.05.
Flywire (NASDAQ:FLYW – Get Rating) last announced its quarterly earnings results on Tuesday, November 8th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.10). The firm had revenue of $88.90 million for the quarter, compared to analyst estimates of $86.94 million. Flywire had a negative return on equity of 10.43% and a negative net margin of 18.85%. Equities research analysts anticipate that Flywire will post -0.47 earnings per share for the current year.
About Flywire
(Get Rating)
Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Canada, and the United Kingdom, and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay.
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