Flywire (FLYW) Receives a Buy from RBC Capital

RBC Capital analyst Daniel Perlin maintained a Buy rating on Flywire (FLYW – Research Report) yesterday and set a price target of $34.00. The company’s shares closed yesterday at $20.54.

Perlin covers the Technology sector, focusing on stocks such as Accenture, NCR Voyix, and Block. According to TipRanks, Perlin has an average return of 0.4% and a 46.60% success rate on recommended stocks.

Flywire has an analyst consensus of Strong Buy, with a price target consensus of $33.57, which is a 63.44% upside from current levels. In a report released today, Citi also maintained a Buy rating on the stock with a $33.00 price target.

The company has a one-year high of $35.80 and a one-year low of $18.65. Currently, Flywire has an average volume of 1.51M.

Based on the recent corporate insider activity of 99 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. Earlier this month, Michael Massaro, the CEO of FLYW bought 107,538.00 shares for a total of $37,638.30.

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 (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.