Brokerages Set Flywire Corporation (NASDAQ:FLYW) PT at $15.73

Shares of Flywire Corporation (NASDAQ:FLYW) have received a consensus rating of “Hold” from the sixteen research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $15.7308.

Several equities analysts have commented on the stock. B. Riley Financial raised their target price on shares of Flywire from $15.00 to $20.00 and gave the company a “buy” rating in a report on Friday, January 9th. Wolfe Research reiterated an “outperform” rating and set a $19.00 price target on shares of Flywire in a research report on Wednesday, November 5th. The Goldman Sachs Group boosted their price objective on shares of Flywire from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Zacks Research raised Flywire from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Truist Financial set a $17.00 price target on Flywire in a report on Tuesday, January 20th.

Insiders Place Their Bets

In related news, major shareholder Voss Capital, Lp acquired 181,121 shares of the stock in a transaction that occurred on Tuesday, December 30th. The stock was acquired at an average cost of $14.15 per share, for a total transaction of $2,562,862.15. Following the transaction, the insider directly owned 9,625,009 shares in the company, valued at $136,193,877.35. This trade represents a 1.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Phillip John Riese sold 16,612 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $15.08, for a total transaction of $250,508.96. Following the completion of the transaction, the director directly owned 234,493 shares of the company’s stock, valued at approximately $3,536,154.44. The trade was a 6.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 38,426 shares of company stock valued at $567,215. 4.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FLYW. Voss Capital LP grew its position in Flywire by 21.5% during the 4th quarter. Voss Capital LP now owns 11,750,000 shares of the company’s stock worth $166,380,000 after acquiring an additional 2,080,202 shares during the last quarter. Divisadero Street Capital Management LP boosted its stake in shares of Flywire by 178.0% during the second quarter. Divisadero Street Capital Management LP now owns 4,784,654 shares of the company’s stock valued at $55,980,000 after purchasing an additional 3,063,518 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Flywire by 35.2% during the fourth quarter. Jennison Associates LLC now owns 4,420,633 shares of the company’s stock valued at $62,596,000 after purchasing an additional 1,150,802 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Flywire by 173.3% during the third 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 during the last quarter. Finally, Mangrove Partners IM LLC increased its stake in shares of Flywire by 2.8% in the fourth quarter. Mangrove Partners IM LLC now owns 2,984,076 shares of the company’s stock valued at $42,255,000 after buying an additional 82,383 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Flywire Stock Performance

NASDAQ:FLYW opened at $10.79 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.53 and a current ratio of 1.53. Flywire has a fifty-two week low of $8.20 and a fifty-two week high of $19.81. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -539.23, a PEG ratio of 1.24 and a beta of 1.28. The stock has a fifty day moving average price of $13.43 and a 200-day moving average price of $13.24.

About Flywire

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.