Flywire Co. (NASDAQ:FLYW – Free Report) – Analysts at Seaport Res Ptn boosted their Q3 2024 earnings estimates for shares of Flywire in a report issued on Tuesday, August 6th. Seaport Res Ptn analyst J. Cantwell now expects that the company will earn $0.17 per share for the quarter, up from their previous estimate of $0.10. The consensus estimate for Flywire’s current full-year earnings is $0.06 per share. Seaport Res Ptn also issued estimates for Flywire’s FY2024 earnings at $0.06 EPS, Q2 2025 earnings at $0.03 EPS and FY2025 earnings at $0.33 EPS.
Flywire (NASDAQ:FLYW – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). Flywire had a negative return on equity of 1.56% and a negative net margin of 2.63%. The firm had revenue of $103.68 million for the quarter, compared to analysts’ expectations of $100.30 million. During the same period in the previous year, the business posted ($0.15) EPS. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year.
Check Out Our Latest Stock Analysis on Flywire
Flywire Stock Down 3.8 %
FLYW opened at $18.00 on Friday. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -163.64, a price-to-earnings-growth ratio of 5.47 and a beta of 0.98. Flywire has a 52 week low of $15.19 and a 52 week high of $35.01. The business’s 50 day moving average is $17.13 and its two-hundred day moving average is $20.32.
Institutional Trading of Flywire
Several institutional investors and hedge funds have recently made changes to their positions in the stock. William Blair Investment Management LLC raised its stake in Flywire by 125.1% in the 2nd quarter. William Blair Investment Management LLC now owns 11,731,790 shares of the company’s stock valued at $192,284,000 after purchasing an additional 6,519,598 shares during the last quarter. Primecap Management Co. CA lifted its stake in shares of Flywire by 253.3% during the second quarter. Primecap Management Co. CA now owns 1,962,633 shares of the company’s stock valued at $32,168,000 after buying an additional 1,407,180 shares during the period. Jennison Associates LLC boosted its position in Flywire by 129.7% during the first quarter. Jennison Associates LLC now owns 1,860,951 shares of the company’s stock worth $46,170,000 after acquiring an additional 1,050,924 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in Flywire by 24.8% during the fourth quarter. Westfield Capital Management Co. LP now owns 4,386,731 shares of the company’s stock worth $101,553,000 after acquiring an additional 872,619 shares during the last quarter. Finally, Capital International Investors grew its stake in Flywire by 21.8% in the 4th quarter. Capital International Investors now owns 2,713,564 shares of the company’s stock worth $62,819,000 after acquiring an additional 485,654 shares during the period. 95.90% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
- Five stocks we like better than Flywire
- Business Services Stocks Investing
- MarketBeat Week in Review – 8/5 – 8/9
- How to Buy Cheap Stocks Step by Step
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
- Do ETFs Pay Dividends? What You Need to Know
- The Cannabis Sector: Profitability Takes Center Stage
Receive News & Ratings for Flywire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flywire and related companies with MarketBeat.com's FREE daily email newsletter.