Flywire (NASDAQ:FLYW) Upgraded at Citigroup

Citigroup upgraded shares of Flywire (NASDAQ:FLYW) to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft assumed coverage on Flywire in a report on Thursday, July 17th. They issued a “hold” rating and a $12.00 target price for the company. Stephens restated an “equal weight” rating and issued a $13.00 target price on shares of Flywire in a report on Monday, September 22nd. Wall Street Zen upgraded Flywire from a “sell” rating to a “hold” rating in a report on Sunday, August 10th. Zacks Research cut Flywire from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Flywire in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Flywire currently has an average rating of “Hold” and a consensus target price of $14.04.

Flywire Stock Up 3.5%

Shares of NASDAQ:FLYW opened at $13.77 on Thursday. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $13.12 and a two-hundred day moving average of $11.56. The stock has a market cap of $1.68 billion, a P/E ratio of 275.40, a PEG ratio of 3.63 and a beta of 1.29. Flywire has a 52-week low of $8.20 and a 52-week high of $23.40.

Flywire (NASDAQ:FLYW) last issued its earnings results on Tuesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The company had revenue of $127.50 million during the quarter, compared to analysts’ expectations of $119.65 million. Flywire had a net margin of 1.27% and a return on equity of 1.94%. The firm’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.11) earnings per share. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts expect that Flywire will post 0.14 earnings per share for the current year.

Hedge Funds Weigh In On Flywire

Several hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in Flywire during the 3rd quarter worth about $67,000. SG Americas Securities LLC lifted its stake in Flywire by 411.9% during the 3rd quarter. SG Americas Securities LLC now owns 48,836 shares of the company’s stock worth $661,000 after acquiring an additional 39,296 shares in the last quarter. CWM LLC lifted its stake in Flywire by 76.3% during the 3rd quarter. CWM LLC now owns 11,364 shares of the company’s stock worth $154,000 after acquiring an additional 4,917 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Flywire by 8,300.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 18,229 shares of the company’s stock worth $247,000 after acquiring an additional 18,012 shares in the last quarter. Finally, ABS Direct Equity Fund LLC lifted its stake in Flywire by 18.2% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 325,000 shares of the company’s stock worth $4,400,000 after acquiring an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Flywire Company Profile

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.