Seaport Res Ptn Has Bearish Estimate for Flywire Q4 Earnings

Flywire Co. (NASDAQ:FLYW) – Analysts at Seaport Res Ptn decreased their Q4 2024 EPS estimates for Flywire in a research note issued to investors on Wednesday, November 27th. Seaport Res Ptn analyst J. Cantwell now anticipates that the company will earn $0.03 per share for the quarter, down from their previous forecast of $0.05. The consensus estimate for Flywire’s current full-year earnings is $0.11 per share. Seaport Res Ptn also issued estimates for Flywire’s Q1 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.03 EPS, Q2 2026 earnings at $0.03 EPS, Q3 2026 earnings at $0.28 EPS and FY2026 earnings at $0.46 EPS.

Other equities research analysts have also issued reports about the stock. Morgan Stanley raised their price target on shares of Flywire from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. The Goldman Sachs Group raised their price target on shares of Flywire from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday. Royal Bank of Canada reduced their price target on shares of Flywire from $34.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Raymond James increased their price objective 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. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Flywire from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Monday. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Flywire has a consensus rating of “Moderate Buy” and a consensus target price of $25.29.

Flywire Stock Down 1.9 %

Flywire stock opened at $22.70 on Monday. Flywire has a 52-week low of $15.19 and a 52-week high of $31.54. The firm has a fifty day moving average of $18.84 and a 200-day moving average of $17.83. The firm has a market capitalization of $2.82 billion, a P/E ratio of 151.33, a PEG ratio of 3.90 and a beta of 1.08.

Hedge Funds Weigh In On Flywire

Several hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its holdings in shares of Flywire by 15.4% during the third quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company’s stock worth $66,000 after buying an additional 539 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Flywire by 3.1% during the second quarter. Arizona State Retirement System now owns 30,475 shares of the company’s stock worth $499,000 after purchasing an additional 908 shares during the last quarter. Bullseye Asset Management LLC grew its holdings in shares of Flywire by 0.7% during the third quarter. Bullseye Asset Management LLC now owns 146,846 shares of the company’s stock worth $2,407,000 after purchasing an additional 1,000 shares during the last quarter. Truist Financial Corp boosted its holdings in Flywire by 6.2% in the second quarter. Truist Financial Corp now owns 19,434 shares of the company’s stock valued at $319,000 after acquiring an additional 1,128 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Flywire by 7.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 21,295 shares of the company’s stock valued at $349,000 after acquiring an additional 1,411 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Insider Activity

In other Flywire news, CTO David R. King sold 3,504 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $17.31, for a total transaction of $60,654.24. Following the sale, the chief technology officer now owns 616,680 shares of the company’s stock, valued at $10,674,730.80. This represents a 0.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Rob Orgel sold 3,824 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $17.31, for a total transaction of $66,193.44. Following the completion of the transaction, the chief operating officer now directly owns 473,648 shares in the company, valued at $8,198,846.88. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,663 shares of company stock worth $149,957. 3.90% of the stock is currently owned by corporate insiders.

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.