William Blair Has Negative Outlook of Flywire Q4 Earnings

Flywire Co. (NASDAQ:FLYW) – William Blair lowered their Q4 2024 EPS estimates for shares of Flywire in a report issued on Friday, November 8th. William Blair analyst C. Kennedy now anticipates that the company will post earnings per share of $0.00 for the quarter, down from their previous forecast of $0.01. The consensus estimate for Flywire’s current full-year earnings is $0.05 per share. William Blair also issued estimates for Flywire’s Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at $0.29 EPS and Q4 2025 earnings at $0.07 EPS.

Several other research firms have also recently issued reports on FLYW. Royal Bank of Canada decreased their price target on shares of Flywire from $34.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Flywire from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. BTIG Research decreased their target price on shares of Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Raymond James raised their target price on shares of Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. raised their target price on shares of Flywire from $18.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $25.50.

Flywire Price Performance

Flywire stock opened at $20.99 on Monday. Flywire has a 12-month low of $15.19 and a 12-month high of $31.54. The stock has a market capitalization of $2.63 billion, a P/E ratio of -299.86, a P/E/G ratio of 7.70 and a beta of 0.95. The firm’s 50-day moving average is $17.18 and its two-hundred day moving average is $17.43.

Institutional Trading of Flywire

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank increased its stake in shares of Flywire by 14.8% in the first quarter. Comerica Bank now owns 697,799 shares of the company’s stock worth $17,312,000 after buying an additional 90,003 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Flywire by 139.7% in the second quarter. Harbor Capital Advisors Inc. now owns 118,908 shares of the company’s stock worth $1,949,000 after buying an additional 69,304 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Flywire by 0.9% in the first quarter. Vanguard Group Inc. now owns 10,861,990 shares of the company’s stock worth $269,486,000 after buying an additional 100,704 shares during the last quarter. Ensign Peak Advisors Inc bought a new stake in shares of Flywire in the second quarter worth $734,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Flywire in the third quarter worth $4,843,000. Institutional investors own 95.90% of the company’s stock.

Insider Buying and Selling at Flywire

In other news, CTO David R. King sold 3,353 shares of Flywire stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total transaction of $60,488.12. Following the sale, the chief technology officer now owns 620,184 shares in the company, valued at $11,188,119.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CTO David R. King sold 3,353 shares of Flywire stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total transaction of $60,488.12. Following the sale, the chief technology officer now owns 620,184 shares in the company, valued at $11,188,119.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Peter Butterfield sold 1,769 shares of Flywire stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total transaction of $31,912.76. Following the sale, the general counsel now owns 273,517 shares in the company, valued at $4,934,246.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,966 shares of company stock valued at $480,143 over the last ninety days. Corporate insiders own 3.90% 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.