Q4 Earnings Forecast for Flywire Issued By Seaport Res Ptn

Flywire Co. (NASDAQ:FLYW) – Investment analysts at Seaport Res Ptn reduced their Q4 2024 earnings per share estimates for shares of Flywire in a note issued to investors on Wednesday, November 27th. Seaport Res Ptn analyst J. Cantwell now anticipates that the company will post earnings of $0.03 per share for the quarter, down from their prior estimate of $0.05. The consensus estimate for Flywire’s current full-year earnings is $0.09 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.

Several other equities analysts also recently weighed in on the stock. Citigroup cut their price target on shares of Flywire from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. BTIG Research cut their price objective on shares of Flywire from $27.00 to $26.00 and set a “buy” 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 for the company in a research report on Wednesday, August 7th. Raymond James increased their price target on Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 8th. Finally, B. Riley reissued a “buy” rating and issued a $30.00 price objective on shares of Flywire in a report on Wednesday, October 2nd. Four research 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.86.

Flywire Stock Performance

Shares of FLYW stock opened at $22.71 on Monday. Flywire has a fifty-two week low of $15.19 and a fifty-two week high of $31.54. The firm has a market capitalization of $2.83 billion, a PE ratio of 151.40, a P/E/G ratio of 4.38 and a beta of 0.95. The stock’s 50-day simple moving average is $18.70 and its 200-day simple moving average is $17.78.

Institutional Investors Weigh In On Flywire

Several large investors have recently bought and sold shares of the company. Quarry LP acquired a new stake in Flywire during the 2nd quarter worth $26,000. Headlands Technologies LLC boosted its position in Flywire by 82.3% during the second 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. purchased a new stake in Flywire during the 2nd quarter valued at about $64,000. Advisors Asset Management Inc. raised its holdings in Flywire by 15.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company’s stock valued at $66,000 after acquiring an additional 539 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Flywire in the 3rd quarter worth approximately $149,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, General Counsel Peter Butterfield sold 1,769 shares of Flywire stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total value 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 trade represents a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO David R. King sold 3,504 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $17.31, for a total transaction of $60,654.24. Following the transaction, the chief technology officer now owns 616,680 shares of the company’s stock, valued at approximately $10,674,730.80. This trade represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,966 shares of company stock valued at $480,143. 3.90% of the stock is owned by company 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.