Flywire (FLYW) Set to Announce Quarterly Earnings on Tuesday

Flywire (NASDAQ:FLYW) is scheduled to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Flywire to post earnings of ($0.02) per share for the quarter. Flywire has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Flywire (NASDAQ:FLYW) last issued its earnings results on Tuesday, February 27th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. Flywire had a negative net margin of 2.13% and a negative return on equity of 1.35%. The company had revenue of $100.55 million for the quarter, compared to analysts’ expectations of $88.52 million. During the same quarter last year, the company earned ($0.01) EPS. The firm’s revenue was up 37.6% compared to the same quarter last year. On average, analysts expect Flywire to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Flywire Stock Down 2.2 %

NASDAQ FLYW opened at $19.81 on Monday. The company has a 50-day simple moving average of $23.76 and a two-hundred day simple moving average of $23.29. Flywire has a 12-month low of $18.65 and a 12-month high of $35.80. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of -220.09, a PEG ratio of 7.45 and a beta of 1.09.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FLYW shares. Oppenheimer initiated coverage on Flywire in a report on Tuesday, January 23rd. They set an “outperform” rating and a $25.00 target price for the company. Truist Financial raised their target price on shares of Flywire from $30.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. The Goldman Sachs Group lifted their target price on shares of Flywire from $29.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Morgan Stanley cut shares of Flywire from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $27.00 to $30.00 in a research report on Friday, March 1st. Finally, UBS Group boosted their price target on Flywire from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $34.27.

Insider Transactions at Flywire

In other news, CEO Michael Massaro sold 13,043 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $24.07, for a total transaction of $313,945.01. Following the completion of the sale, the chief executive officer now owns 1,655,673 shares of the company’s stock, valued at approximately $39,852,049.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Flywire news, COO Rob Orgel sold 17,150 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $27.30, for a total value of $468,195.00. Following the sale, the chief operating officer now owns 468,285 shares in the company, valued at approximately $12,784,180.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael Massaro sold 13,043 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $24.07, for a total value of $313,945.01. Following the transaction, the chief executive officer now owns 1,655,673 shares of the company’s stock, valued at approximately $39,852,049.11. The disclosure for this sale can be found here. Insiders have sold a total of 141,800 shares of company stock worth $3,743,582 in the last ninety days. Insiders own 5.00% of the company’s stock.

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.