Flywire (NASDAQ:FLYW) Downgraded by UBS Group to “Neutral”

Flywire (NASDAQ:FLYW) was downgraded by analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. They presently have a $15.00 target price on the stock, down from their previous target price of $25.00. UBS Group’s price objective would indicate a potential downside of 14.97% from the stock’s previous close.

FLYW has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft cut shares of Flywire from a “buy” rating to a “hold” rating and reduced their target price for the stock from $26.00 to $16.00 in a research note on Wednesday. BTIG Research downgraded shares of Flywire from a “buy” rating to a “neutral” rating in a report on Wednesday. Seaport Res Ptn cut shares of Flywire from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Morgan Stanley upped 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 price target on shares of Flywire in a research report on Thursday, January 9th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Flywire has a consensus rating of “Hold” and an average price target of $21.57.

Flywire Trading Up 1.8 %

Shares of NASDAQ:FLYW opened at $17.64 on Wednesday. The company has a market cap 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 company’s 50 day moving average is $19.59 and its two-hundred day moving average is $18.98. Flywire has a 52 week low of $15.19 and a 52 week high of $31.54.

Flywire (NASDAQ:FLYW) last posted its earnings results on Tuesday, February 25th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The business had revenue of $112.80 million for the quarter, compared to analysts’ expectations of $118.85 million. Flywire had a return on equity of 2.49% and a net margin of 4.23%. As a group, equities research analysts expect that Flywire will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in shares of Flywire during the 4th quarter worth about $30,000. Arcadia Investment Management Corp MI purchased a new position in shares of Flywire during the fourth quarter valued at approximately $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Flywire during the fourth quarter worth approximately $77,000. Advisors Asset Management Inc. grew its stake in Flywire by 15.4% in 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 period. Finally, KBC Group NV grew its stake in Flywire by 64.0% in the 4th quarter. KBC Group NV now owns 4,899 shares of the company’s stock worth $101,000 after acquiring an additional 1,911 shares during the period. Institutional investors and hedge funds own 95.90% 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.