Flywire (NASDAQ:FLYW) Coverage Initiated at Morgan Stanley

Research analysts at Morgan Stanley assumed coverage on shares of Flywire (NASDAQ:FLYWGet Rating) in a research report issued to clients and investors on Monday, The Fly reports. The brokerage set an “equal weight” rating and a $26.00 price target on the stock. Morgan Stanley’s price objective would suggest a potential downside of 0.04% from the company’s previous close.

A number of other analysts also recently commented on FLYW. Truist Financial boosted their price target on shares of Flywire from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, January 20th. Raymond James boosted their price target on shares of Flywire from $28.00 to $33.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 4th. Wolfe Research boosted their price target on shares of Flywire from $28.00 to $29.00 in a research report on Thursday, January 5th. Wells Fargo & Company boosted their price target on shares of Flywire from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, January 9th. Finally, Stephens dropped their price target on shares of Flywire from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 9th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $31.60.

Flywire Trading Down 1.3 %

Shares of NASDAQ:FLYW opened at $26.01 on Monday. The company has a market cap of $2.82 billion, a PE ratio of -55.34 and a beta of 1.02. The company’s 50-day moving average price is $22.89 and its 200 day moving average price is $23.09. Flywire has a fifty-two week low of $14.56 and a fifty-two week high of $32.88. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.05.

Flywire (NASDAQ:FLYWGet Rating) last issued its quarterly earnings data on Tuesday, November 8th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.10). The firm had revenue of $88.90 million during the quarter, compared to the consensus estimate of $86.94 million. Flywire had a negative net margin of 18.85% and a negative return on equity of 10.43%. Sell-side analysts anticipate that Flywire will post -0.47 earnings per share for the current year.

Insider Transactions at Flywire

In other news, CEO Michael Massaro sold 4,166 shares of Flywire stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $25.20, for a total value of $104,983.20. Following the transaction, the chief executive officer now owns 1,100,574 shares of the company’s stock, valued at approximately $27,734,464.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CTO David R. King sold 15,901 shares of Flywire stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $26.56, for a total value of $422,330.56. Following the transaction, the chief technology officer now directly owns 82,353 shares of the company’s stock, valued at $2,187,295.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Massaro sold 4,166 shares of Flywire stock in a transaction that occurred on Wednesday, January 11th. The stock was sold at an average price of $25.20, for a total transaction of $104,983.20. Following the completion of the transaction, the chief executive officer now directly owns 1,100,574 shares in the company, valued at $27,734,464.80. The disclosure for this sale can be found here. Insiders have sold 1,896,291 shares of company stock valued at $40,980,670 in the last quarter. Insiders own 37.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FLYW. MCF Advisors LLC purchased a new position in shares of Flywire in the third quarter worth approximately $30,000. Assetmark Inc. grew its position in Flywire by 170.2% during the third quarter. Assetmark Inc. now owns 1,332 shares of the company’s stock valued at $31,000 after purchasing an additional 839 shares in the last quarter. UBS Group AG purchased a new position in Flywire during the third quarter valued at approximately $36,000. Nisa Investment Advisors LLC grew its position in Flywire by 226.6% during the second quarter. Nisa Investment Advisors LLC now owns 2,090 shares of the company’s stock valued at $37,000 after purchasing an additional 1,450 shares in the last quarter. Finally, Premier Fund Managers Ltd grew its position in Flywire by 141.1% during the second quarter. Premier Fund Managers Ltd now owns 115,781 shares of the company’s stock valued at $42,000 after purchasing an additional 67,760 shares in the last quarter. 79.06% of the stock is owned by hedge funds and other institutional investors.

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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