RBC Capital Sticks to Its Buy Rating for Flywire (FLYW)

In a report released on April 19, Daniel Perlin from RBC Capital maintained a Buy rating on Flywire (FLYW – Research Report), with a price target of $41.00. The company’s shares closed last Friday at $21.10.

According to TipRanks, Perlin is a 3-star analyst with an average return of 1.6% and a 45.82% success rate. Perlin covers the Technology sector, focusing on stocks such as Accenture, NCR Voyix, and Toast Inc.

Flywire has an analyst consensus of Strong Buy, with a price target consensus of $35.50.

FLYW market cap is currently $2.59B and has a P/E ratio of -252.69.

Based on the recent corporate insider activity of 98 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. Most recently, in February 2024, Michael G Ellis, the CFO of FLYW sold 3,500.00 shares for a total of $72,905.00.

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Flywire (FLYW) Company Description:

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.