Blurbs

Wells Fargo Thinks Flywire’s Stock is Going to Recover

In a report released today, Jeff Cantwell from Wells Fargo maintained a Buy rating on Flywire (FLYWResearch Report), with a price target of $28.00. The company’s shares closed last Thursday at $21.31, close to its 52-week low of $14.56.

According to TipRanks.com, Cantwell is a 5-star analyst with an average return of 10.4% and a 62.0% success rate. Cantwell covers the Technology sector, focusing on stocks such as TELUS International (CDA), Fidelity National Info, and Bill.com Holdings.

Flywire has an analyst consensus of Strong Buy, with a price target consensus of $31.00, representing a 40.9% upside. In a report released today, Goldman Sachs also upgraded the stock to Buy with a $30.00 price target.

See the top stocks recommended by analysts >>

Based on Flywire’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $64.55 million and GAAP net loss of $10.15 million. In comparison, last year the company earned revenue of $44.99 million and had a GAAP net loss of $8.65 million.

Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FLYW in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Flywire Corp provides a secure global payments platform, offering its clients an innovative and streamlined process to receive reconciled domestic and international payments in a more cost effective and efficient manner. The company’s solutions are built on three core elements namely a payments platform; a proprietary global payment network and vertical-specific software backed by its deep industry expertise.

Read More on FLYW:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos