Flywire (NASDAQ:FLYW) Rating Increased to Hold at Citigroup

Flywire (NASDAQ:FLYW) was upgraded by equities research analysts at Citigroup to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other brokerages have also recently commented on FLYW. Wall Street Zen upgraded shares of Flywire from a “sell” rating to a “hold” rating in a report on Sunday, August 10th. UBS Group boosted their target price on shares of Flywire from $11.50 to $13.50 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Zacks Research cut shares of Flywire from a “hold” rating to a “strong sell” rating in a report on Tuesday. Stephens restated an “equal weight” rating and set a $13.00 target price on shares of Flywire in a report on Monday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Flywire in a report on Thursday, July 17th. They set a “hold” rating and a $12.00 target price on the stock. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.88.

Flywire Stock Performance

NASDAQ:FLYW opened at $13.31 on Thursday. The stock has a market cap of $1.63 billion, a P/E ratio of 266.20, a price-to-earnings-growth ratio of 3.56 and a beta of 1.29. The firm’s fifty day simple moving average is $13.09 and its 200 day simple moving average is $11.50. Flywire has a twelve month low of $8.20 and a twelve month high of $23.40. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.08.

Flywire (NASDAQ:FLYW) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). Flywire had a net margin of 1.27% and a return on equity of 1.94%. The company had revenue of $127.50 million during the quarter, compared to the consensus estimate of $119.65 million. During the same quarter last year, the firm earned ($0.11) EPS. The business’s revenue was up 27.2% on a year-over-year basis. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts predict that Flywire will post 0.14 EPS for the current year.

Hedge Funds Weigh In On Flywire

Large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its position in shares of Flywire by 194.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock worth $38,000 after purchasing an additional 2,167 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Flywire by 78.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock worth $66,000 after buying an additional 2,497 shares during the last quarter. CWM LLC raised its position in Flywire by 850.9% in the 2nd quarter. CWM LLC now owns 6,447 shares of the company’s stock worth $75,000 after buying an additional 5,769 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Flywire in the 2nd quarter worth about $119,000. Finally, JT Stratford LLC purchased a new position in Flywire in the 1st quarter worth about $109,000. Hedge funds and other institutional investors 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.