Flywire (NASDAQ:FLYW) Shares Up 4.4% – What’s Next?

Flywire Co. (NASDAQ:FLYW)’s share price shot up 4.4% during trading on Monday . The company traded as high as $20.12 and last traded at $20.18. 378,595 shares changed hands during trading, a decline of 75% from the average session volume of 1,489,774 shares. The stock had previously closed at $19.33.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Flywire from $23.00 to $26.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Morgan Stanley increased their target price on shares of Flywire from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Citigroup dropped their price objective on Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. The Goldman Sachs Group increased their target price on Flywire from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Raymond James boosted their price target on shares of Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.38.

Flywire Stock Down 0.5 %

The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 131.47, a price-to-earnings-growth ratio of 1.46 and a beta of 1.08. The business has a 50 day moving average of $20.27 and a 200 day moving average of $18.86.

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

Institutional Trading of Flywire

Several institutional investors have recently made changes to their positions in the stock. Versor Investments LP bought a new stake in shares of Flywire in the 4th quarter valued at approximately $1,118,000. Y Intercept Hong Kong Ltd lifted its holdings in shares of Flywire by 345.3% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 96,029 shares of the company’s stock valued at $1,980,000 after buying an additional 74,465 shares during the period. Olympiad Research LP boosted its holdings in Flywire by 35.5% during the fourth quarter. Olympiad Research LP now owns 17,014 shares of the company’s stock worth $351,000 after buying an additional 4,460 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Flywire during the 4th quarter valued at $48,000. Finally, Handelsbanken Fonder AB grew its holdings in shares of Flywire by 9.9% in the 4th quarter. Handelsbanken Fonder AB now owns 28,900 shares of the company’s stock worth $596,000 after acquiring an additional 2,600 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

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.