Flywire downgraded to Equal-Weight after rally brings valuation into balance [Seeking Alpha]
Flywire Corporation - Voting (FLYW)
Company Research
Source: Seeking Alpha
Note that in the past week, Flywire ( FLYW stock has jumped 26%, while the S&P 500 has risen 0.6%. "Our expectation for NRR stability and net new acceleration is now better built into FLYW's premium valuation, better balancing risk-reward," Morgan Stanley analyst James Faucette wrote in a note to clients. He also pointed to scaled net new contribution, with 700+ clients signed in 2023 with Education adds accelerating Y/Y, resolved delayed implementations, and take rate increases, and marginally improved FX volumes in India. "While the company is executing very well and we continue to like the business, risk-reward at current levels appears balanced, such that we prefer to step to the sidelines," the analyst said. Faucette's Hold rating aligns with the SA Quant rating and contrasts with the average Wall Street rating of Strong Buy. Recommended For You Recommended For You About FLYW Stock Related Stocks Trending Analysis Trending News
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FLYW
News
- Flywire improves efficiency and cash flow for higher education institutions with expanded availability of third-party invoicing solution [Yahoo! Finance]Yahoo! Finance
- Flywire improves efficiency and cash flow for higher education institutions with expanded availability of third-party invoicing solutionGlobeNewswire
- Flywire Corporation (NASDAQ:FLYW) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Flywire to Attend Upcoming Investor ConferencesGlobeNewswire
- Flywire Co. (NASDAQ: FLYW) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $32.00 to $25.00. They now have a "buy" rating on the stock.MarketBeat
FLYW
Earnings
- 5/7/24 - Miss
FLYW
Sec Filings
- 5/14/24 - Form 4
- 5/10/24 - Form 4
- 5/7/24 - Form 10-Q
- FLYW's page on the SEC website