What is Seaport Res Ptn’s Forecast for Flywire Q4 Earnings?

Flywire Co. (NASDAQ:FLYW) – Seaport Res Ptn cut their Q4 2024 earnings per share (EPS) estimates for shares of Flywire in a report issued on Wednesday, November 27th. Seaport Res Ptn analyst J. Cantwell now expects that the company will post earnings of $0.03 per share for the quarter, down from their previous estimate of $0.05. The consensus estimate for Flywire’s current full-year earnings is $0.09 per share. Seaport Res Ptn also issued estimates for Flywire’s Q1 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.03 EPS, Q2 2026 earnings at $0.03 EPS, Q3 2026 earnings at $0.28 EPS and FY2026 earnings at $0.46 EPS.

Other analysts also recently issued reports about the company. The Goldman Sachs Group raised their target price on Flywire from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Flywire from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday. Citigroup decreased their target price on shares of Flywire from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada cut their price target on shares of Flywire from $34.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, Wells Fargo & Company cut Flywire from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $20.00 to $18.00 in a report on Friday, October 11th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $25.29.

Flywire Trading Up 1.9 %

Shares of NASDAQ FLYW opened at $23.14 on Monday. The stock has a market cap of $2.88 billion, a PE ratio of 151.93, a P/E/G ratio of 4.38 and a beta of 0.95. Flywire has a 12-month low of $15.19 and a 12-month high of $31.54. The company has a 50-day moving average of $18.70 and a 200 day moving average of $17.79.

Insider Transactions at Flywire

In other Flywire news, COO Rob Orgel sold 3,824 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $17.31, for a total value of $66,193.44. Following the completion of the transaction, the chief operating officer now directly owns 473,648 shares in the company, valued at approximately $8,198,846.88. The trade was a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO David R. King sold 3,504 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $17.31, for a total value of $60,654.24. Following the completion of the sale, the chief technology officer now directly owns 616,680 shares in the company, valued at approximately $10,674,730.80. The trade was a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,663 shares of company stock valued at $149,957 over the last three months. 3.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Flywire

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC boosted its stake in shares of Flywire by 5.3% during the 3rd quarter. Jennison Associates LLC now owns 2,226,750 shares of the company’s stock valued at $36,496,000 after buying an additional 112,218 shares during the last quarter. Curi RMB Capital LLC acquired a new stake in shares of Flywire in the 3rd quarter worth about $1,143,000. Harbor Capital Advisors Inc. raised its holdings in shares of Flywire by 139.7% during the second quarter. Harbor Capital Advisors Inc. now owns 118,908 shares of the company’s stock valued at $1,949,000 after buying an additional 69,304 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in Flywire by 19.3% during the 3rd quarter. Westfield Capital Management Co. LP now owns 6,226,912 shares of the company’s stock valued at $102,059,000 after acquiring an additional 1,006,516 shares in the last quarter. Finally, Ensign Peak Advisors Inc acquired a new stake in Flywire in the second quarter worth about $734,000. 95.90% of the stock is owned by institutional investors and hedge funds.

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.