What is B. Riley’s Estimate for Flywire FY2024 Earnings?

Flywire Co. (NASDAQ:FLYW) – Stock analysts at B. Riley raised their FY2024 EPS estimates for shares of Flywire in a research report issued on Monday, January 13th. B. Riley analyst H. Goetsch now expects that the company will post earnings per share of $0.15 for the year, up from their previous estimate of $0.02. B. Riley has a “Buy” rating and a $30.00 price objective on the stock. The consensus estimate for Flywire’s current full-year earnings is $0.12 per share. B. Riley also issued estimates for Flywire’s Q4 2024 earnings at $0.00 EPS, FY2025 earnings at $0.53 EPS and FY2026 earnings at $1.03 EPS.

A number of other research firms have also weighed in on FLYW. Wells Fargo & Company lowered shares of Flywire from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $20.00 to $18.00 in a research note on Friday, October 11th. Raymond James lifted their price objective on shares of Flywire from $23.00 to $27.00 and gave the company a “strong-buy” rating in a research note on Friday, November 8th. The Goldman Sachs Group lifted their price objective on shares of Flywire from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 price objective on shares of Flywire in a research note on Thursday, January 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Flywire from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.36.

Flywire Stock Up 0.7 %

Shares of FLYW stock opened at $20.09 on Wednesday. The company has a 50 day moving average of $20.98 and a 200-day moving average of $18.60. Flywire has a 12-month low of $15.19 and a 12-month high of $31.54. The firm has a market cap of $2.50 billion, a P/E ratio of 133.93, a PEG ratio of 1.47 and a beta of 1.10.

Institutional Trading of Flywire

Hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new stake in shares of Flywire during the 2nd quarter worth $26,000. Headlands Technologies LLC lifted its holdings in shares of Flywire by 82.3% during the 2nd quarter. Headlands Technologies LLC now owns 3,343 shares of the company’s stock worth $55,000 after acquiring an additional 1,509 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Flywire during the 2nd quarter worth $64,000. Advisors Asset Management Inc. lifted its holdings in shares of Flywire by 15.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company’s stock worth $66,000 after acquiring an additional 539 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Flywire during the 3rd quarter worth $149,000. 95.90% of the stock is owned by 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.