Flywire (FLYW) to Release Earnings on Tuesday

Flywire (NASDAQ:FLYW) will be posting its quarterly earnings results 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.Individual that wish to register for the company’s earnings conference call can do so using this link.

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

Flywire Stock Performance

FLYW opened at $20.66 on Tuesday. The business has a 50 day moving average price of $23.96 and a 200 day moving average price of $23.52. Flywire has a twelve month low of $18.65 and a twelve month high of $35.80.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Flywire from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Flywire in a report on Tuesday, February 6th. They issued a “buy” rating and a $27.00 target price for the company. UBS Group boosted their target price on Flywire from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. The Goldman Sachs Group boosted their target price on Flywire from $29.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, Citigroup cut their price target on Flywire from $37.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.27.

Insider Activity

In other news, Director Phillip John Riese sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $26.41, for a total transaction of $1,320,500.00. Following the sale, the director now directly owns 232,037 shares in the company, valued at $6,128,097.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Phillip John Riese sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $26.41, for a total transaction of $1,320,500.00. Following the sale, the director now directly owns 232,037 shares in the company, valued at $6,128,097.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Rob Orgel sold 17,150 shares of the business’s stock in a transaction that occurred 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 $12,784,180.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 141,800 shares of company stock worth $3,743,582. Company 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.