Flywire (NASDAQ:FLYW) Announces Quarterly Earnings Results

Flywire (NASDAQ:FLYW) released its quarterly earnings data on Tuesday. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11), Zacks reports. Flywire had a return on equity of 2.49% and a net margin of 4.23%.

Flywire Stock Up 1.8 %

Flywire stock traded up $0.31 during mid-day trading on Tuesday, reaching $17.64. 2,880,129 shares of the company’s stock were exchanged, compared to its average volume of 1,464,293. The firm has a market capitalization of $2.19 billion, a PE ratio of 117.60, a P/E/G ratio of 1.41 and a beta of 1.08. The business’s fifty day simple moving average is $19.67 and its 200 day simple moving average is $18.98. Flywire has a one year low of $15.19 and a one year high of $31.54.

Analysts Set New Price Targets

A number of research firms recently weighed in on FLYW. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price target on shares of Flywire in a research note on Thursday, January 9th. Deutsche Bank Aktiengesellschaft increased their target price on Flywire from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. The Goldman Sachs Group boosted their price target 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. Citigroup dropped 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 Tuesday, January 14th. Finally, Morgan Stanley boosted their target price on shares of Flywire from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.38.

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.