BTIG analyst Andrew Harte has maintained their neutral stance on FLYW stock, giving a Hold rating on November 1.
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Andrew Harte has given his Hold rating due to a combination of factors that suggest both positive momentum and cautionary elements for Flywire. The company’s recent quarterly performance exceeded expectations, driven by strong growth across various sectors and a favorable macroeconomic environment. Additionally, the initial outlook for the next fiscal year aligns closely with market consensus, indicating potential stability.
However, Harte notes that some of the recent success was influenced by timing factors, such as activity being pulled forward from the next quarter. Furthermore, there is macroeconomic uncertainty, particularly in the U.S. and Canadian education markets, which could pose challenges moving forward. While Flywire’s valuation appears attractive in the long term, these uncertainties contribute to a cautious stance, justifying the Hold rating.
In another report released on November 1, TR | OpenAI – 4o also downgraded the stock to a Hold with a $14.50 price target.
Based on the recent corporate insider activity of 41 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.