Flywire Corporation operates as a payment enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options; and provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly. It serves education, healthcare, travel, and business to business organizations. Flywire Corporation was formerly known as peerTransfer Corporation and changed its name to Flywire Corporation in December 2016. The company was incorporated in 2009 and is based in Boston, Massachusetts.
IPO Year: 2021
Exchange: NASDAQ
Website: flywire.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/11/2024 | $20.00 → $18.00 | Overweight → Equal Weight | Wells Fargo |
5/24/2024 | $18.00 | Neutral | Wedbush |
3/1/2024 | $27.00 → $30.00 | Overweight → Equal-Weight | Morgan Stanley |
2/6/2024 | $27.00 | Buy | Deutsche Bank |
1/29/2024 | $27.00 | Equal-Weight → Overweight | Morgan Stanley |
1/23/2024 | $25.00 | Outperform | Oppenheimer |
12/18/2023 | $29.00 | Overweight → Neutral | JP Morgan |
10/31/2023 | $35.00 | Overweight | Wells Fargo |
10/20/2023 | $36.00 | Buy | UBS |
10/12/2023 | $40.00 | Buy | Seaport Research Partners |
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Flywire's integrated offering with Blackbaud will provide international students studying at over 1,000 U.S. independent schools with a streamlined payment experience, from enrollment through to tuition Partnership strengthens Flywire's commitment to the K-12 education market in the United States BOSTON, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Flywire) (NASDAQ:FLYW), a global payments enablement and software company, has announced a strategic partnership with Blackbaud (NASDAQ:BLKB), the leading provider of software for powering social impact. Flywire will become a preferred payment method for international students who pay their tuition and other related expenses to B
BOSTON, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW) (Flywire), a global payments enablement and software company, today is announcing the appointment of Carleigh Jaques to its Board of Directors, effective immediately. Ms. Jaques will also serve as a member of the Audit Committee of Flywire's Board of Directors. Ms. Jaques brings extensive experience in financial technology, payments, risk and capital markets to Flywire's Board of Directors. She previously led multiple strategic and operational teams over the span of a 15-year career at Visa, Inc. (NYSE:V), where she was most recently the SVP, Global Head of Risk & Identity Solutions. In this role, she acce
BOSTON, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW)("Flywire" or the "Company"), a global payments enablement and software company, today announced that the Company will be attending the following upcoming investor conferences: On Tuesday, November 19, 2024, the Company will attend the Stephens Annual Investment Conference in Nashville, TN. They will participate in a fireside chat discussion which will begin at 12:00pm CT.On Wednesday, November 20, 2024, the Company will attend the FT Partners FinTech Conference in New York, NY. They will participate in investor meetings. On Tuesday, December 3, 2024, the Company will attend the UBS Global Technology and AI Confere
Third Quarter Revenue Increased 27.2% Year-over-Year Third Quarter Revenue Less Ancillary Services Increased 29.6% Year-over-Year BOSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW) ("Flywire" or the "Company") a global payments enablement and software company, today reported financial results for its third quarter ended September 30, 2024. "Our third quarter results highlight our ability to capture higher payment volumes with new and existing clients, signaling the growth potential within our accounts and verticals." said Mike Massaro, CEO of Flywire. "These results reflect our diversified business, strength of our land and expand Go To Market motion, and strong
80% of respondents said they want the ability to pay for a medical bill in installments or as part of a payment plan 60% cannot afford to pay for an unexpected illness or injury in one lump sum Additional Flywire research shows improving the patient payment experience can boost a hospital's bottom line BOSTON, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW), a global payments enablement and software company, has released its new report, Is Paying for Healthcare Consumer Friendly Yet? examining the topic of healthcare affordability and accessibility among patients in the U.S. The research highlights a significant disconnect between patient expectations and current b
BOSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (NASDAQ:FLYW), a global payments enablement and software company, announced that its third quarter 2024 financial results will be released after market close on Thursday, November 7, 2024. Flywire will host a conference call to discuss its third quarter 2024 financial results at 5:00pm ET the same day. Hosting the call will be Mike Massaro, CEO, Rob Orgel, President and COO, and Cosmin Pitigoi, CFO. The conference call will be webcast live from Flywire's investor relations website at https://ir.flywire.com/. A replay will be available on the investor relations website following the call. About Flyw
At first-ever Flywire Fusion event, Flywire's momentum in solving cross-border and domestic payments challenges was on full display More than 100 U.S. institutions are powered by the full-suite or solutions of Flywire's Student Financial Software, which is delivering meaningful ROI Product leaders and industry experts share strategies to improve retention, drive recruitment and optimize student financial for domestic and international students success BOSTON and PHOENIX, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Flywire's ongoing commitment to its large and growing footprint of U.S. education clients was showcased this week in Phoenix, Arizona, where more than 100 leading U.
BOSTON, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW)("Flywire" or the "Company") a global payments enablement and software company, today announced that the Company will be attending the following upcoming investor conferences: On Wednesday, September 11, 2024, the Company will attend the Goldman Sachs Communacopia + Technology Conference in San Francisco, CA. They will participate in a fireside chat discussion which will begin at 3:05pm PT.On Friday, September 13, 2024, the Company will attend the Autonomous Future of Commerce Symposium hosted virtually. They will participate in a fireside chat discussion which will begin at 10:30am ET. The fireside chat discu
Largest combined early and growth funds focused on Europe Balderton Capital, one of Europe's leading technology venture capital firms, today announced its $615 million Early Stage Fund IX and $685 million Growth Fund II, to back Europe's most ambitious entrepreneurs from seed stage through IPO. "At Balderton, we believe the best way to change the world is to build a business - and that many of these world-changing businesses will be built in Europe," said Bernard Liautaud, Managing Partner at Balderton. "As a firm, our mission is simple: to be the partner of choice to the founders starting and growing those European technology companies. These new funds put us in a position to do just t
Second Quarter Revenue Increased 22% Year-over-Year Second Quarter Revenue Less Ancillary Services Increased 26% Year-over-Year Company Announces Acquisition of Invoiced, an Award-Winning Accounts Receivable SaaS Platform Board of Directors Authorizes $150 Million Share Repurchase Program BOSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW) ("Flywire" or the "Company") a global payments enablement and software company, today reported financial results for its second quarter ended June 30, 2024. "Our second quarter results demonstrate resilient performance across the business where we signed more than 200 new clients and grew revenue by 22% and revenue less ancil
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U.S. stocks were mixed, with the Dow Jones index falling around 100 points on Tuesday. Shares of NVIDIA Corporation (NASDAQ:NVDA) rose during Tuesday's session. Keybanc analyst John Vinh maintained NVIDIA with an Overweight and raised the price target from $130 to $180. NVIDIA shares gained 3.5% to $132.65 on Tuesday. Here are some other big stocks recording gains in today’s session. Kymera Therapeutics, Inc. (NASDAQ:KYMR) shares rose 21.7% to $38.91. Jumia Technologies AG (NYSE:JMIA) shares surged 20.7% to $10.22 after Benchmark initiated coverage on the stock with a Buy rating and $14 price target. Arlo Technologies, Inc. (NYSE:ARLO) shares gained 14.5% to $15.80 afte
Wedbush analyst Moshe Katri initiates coverage on Flywire (NASDAQ:FLYW) with a Neutral rating and announces Price Target of $18.
Today, Flywire Corporation (Flywire) (NASDAQ:FLYW) a global payments enablement and software company, announced that it has strengthened its offerings for students and institutions with the expanded availability of its third-party invoicing solution, which streamlines the payment experience for third-party sponsors paying a student's tuition and fees. Leveraging Flywire's solution, institutions around the world can reduce their administrative burden, ease reconciliation, and increase their revenue by creating, issuing and tracking invoices to engage sponsors and encourage timely payments.
Analysts' ratings for Flywire (NASDAQ:FLYW) over the last quarter vary from bullish to bearish, as provided by 15 analysts. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 9 4 2 0 0 Last 30D 1 0 0 0 0 1M Ago 3 3 0 0 0 2M Ago 2 0 0 0 0 3M Ago 3 1 2 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $32.2, a high estimate of $41.00, and a low estimate of $25.00. Observing a downward trend, the current average is 2.42% lower than the prior a
Goldman Sachs analyst Will Nance maintains Flywire (NASDAQ:FLYW) with a Buy and lowers the price target from $32 to $25.
Citigroup analyst Ashwin Shirvaikar maintains Flywire (NASDAQ:FLYW) with a Buy and lowers the price target from $36 to $33.
RBC Capital analyst Daniel Perlin maintains Flywire (NASDAQ:FLYW) with a Outperform and lowers the price target from $41 to $34.
Shares of Upstart Holdings, Inc. (NASDAQ:UPST) fell sharply during Wednesday's session after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates. Upstart reported first-quarter revenue of $128 million, which beat the consensus estimate of $124.867 million, according to Benzinga Pro. Upstart expects second-quarter revenue of approximately $125 million versus estimates of $140.83 million. The company anticipates a second-quarter adjusted EBITDA loss of approximately $25 million. Upstart shares dipped 10.3% to $21.96 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Reborn Coffee, In
BTIG analyst Andrew Harte maintains Flywire (NASDAQ:FLYW) with a Buy and lowers the price target from $34 to $27.
Wells Fargo analyst Andrew Bauch maintains Flywire (NASDAQ:FLYW) with a Overweight and lowers the price target from $30 to $25.
Wells Fargo downgraded Flywire from Overweight to Equal Weight and set a new price target of $18.00 from $20.00 previously
Wedbush initiated coverage of Flywire with a rating of Neutral and set a new price target of $18.00
Morgan Stanley downgraded Flywire from Overweight to Equal-Weight and set a new price target of $30.00 from $27.00 previously
Deutsche Bank initiated coverage of Flywire with a rating of Buy and set a new price target of $27.00
Morgan Stanley upgraded Flywire from Equal-Weight to Overweight and set a new price target of $27.00
Oppenheimer initiated coverage of Flywire with a rating of Outperform and set a new price target of $25.00
JP Morgan downgraded Flywire from Overweight to Neutral and set a new price target of $29.00
Wells Fargo resumed coverage of Flywire with a rating of Overweight and set a new price target of $35.00
UBS resumed coverage of Flywire with a rating of Buy and set a new price target of $36.00
Seaport Research Partners initiated coverage of Flywire with a rating of Buy and set a new price target of $40.00
BOSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (NASDAQ:FLYW), a global payments enablement and software company, announced that its third quarter 2024 financial results will be released after market close on Thursday, November 7, 2024. Flywire will host a conference call to discuss its third quarter 2024 financial results at 5:00pm ET the same day. Hosting the call will be Mike Massaro, CEO, Rob Orgel, President and COO, and Cosmin Pitigoi, CFO. The conference call will be webcast live from Flywire's investor relations website at https://ir.flywire.com/. A replay will be available on the investor relations website following the call. About Flyw
Second Quarter Revenue Increased 22% Year-over-Year Second Quarter Revenue Less Ancillary Services Increased 26% Year-over-Year Company Announces Acquisition of Invoiced, an Award-Winning Accounts Receivable SaaS Platform Board of Directors Authorizes $150 Million Share Repurchase Program BOSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW) ("Flywire" or the "Company") a global payments enablement and software company, today reported financial results for its second quarter ended June 30, 2024. "Our second quarter results demonstrate resilient performance across the business where we signed more than 200 new clients and grew revenue by 22% and revenue less ancil
Invoiced augments Flywire's B2B payments solution with workflow automation software purpose-built for mid-market companies to streamline the entire Accounts Receivables (A/R) process Acquisition extends Flywire's customer footprint across a diversified customer base and accelerates company's investment in software and payments innovation for B2B industry Flywire gains the opportunity to monetize several billion dollars of domestic and international invoicing volume that is managed annually by the Invoiced platform BOSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (NASDAQ:FLYW) a global payments enablement and software company, announced that it has acquired
BOSTON, July 17, 2024 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (NASDAQ:FLYW), a global payments enablement and software company, announced that its second quarter 2024 financial results will be released after market close on Tuesday, August 6, 2024. Flywire will host a conference call to discuss its second quarter 2024 financial results at 5:00pm ET the same day. Hosting the call will be Mike Massaro, CEO, Rob Orgel, President and COO, and Cosmin Pitigoi, CFO. The conference call will be webcast live from Flywire's investor relations website at https://ir.flywire.com/. A replay will be available on the investor relations website following the call. About FlywireFlywire is
First Quarter Revenue Increased 21% Year-over-Year First Quarter Revenue Less Ancillary Services Increased 24% Year-over-Year Company Provides Second Quarter and Fiscal-Year 2024 Outlook BOSTON, May 07, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW) ("Flywire" or the "Company") a global payments enablement and software company, today reported financial results for its first quarter ended March 31, 2024. "We are pleased with our 2024 first quarter results, where we signed more than 200 new clients, the highest the company has signed in a quarter," said Mike Massaro, CEO of Flywire. "This solid start to our year reflects the strength and resilience of our global and d
BOSTON, April 16, 2024 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (NASDAQ:FLYW), a global payments enablement and software company, announced that its first quarter 2024 financial results will be released after market close on Tuesday, May 7, 2024. Flywire will host a conference call to discuss its first quarter 2024 financial results at 5:00pm ET the same day. Hosting the call will be Mike Massaro, CEO, Rob Orgel, President and COO, Cosmin Pitigoi, CFO, and Akil Hollis, Head of Investor Relations. The conference call will be webcast live from Flywire's investor relations website at https://ir.flywire.com/. A replay will be available on the investor relations website followi
BOSTON, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (NASDAQ:FLYW), a global payments enablement and software company, announced that its fourth quarter and full year 2023 financial results will be released after market close on Tuesday, February 27, 2024. Flywire will host a conference call to discuss its fourth quarter and full year 2023 financial results at 5:00pm ET the same day. Hosting the call will be Mike Massaro, CEO, Rob Orgel, President and COO, Mike Ellis, CFO, and Akil Hollis, Head of Investor Relations. The conference call will be webcast live from Flywire's investor relations website at https://ir.flywire.com/. A replay will be available on the inv
BOSTON, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (NASDAQ:FLYW), a global payments enablement and software company, announced that its third quarter 2023 financial results will be released after market close on Tuesday, November 7, 2023. Flywire will host a conference call to discuss its third quarter 2023 financial results at 5:00pm ET the same day. Hosting the call will be Mike Massaro, CEO, Rob Orgel, President and COO, and Mike Ellis, CFO. The conference call will be webcast live from Flywire's investor relations website at https://ir.flywire.com/. A replay will be available on the investor relations website following the call. About Flywire Flywir
Second Quarter Revenue Increased 50.3% Year-over-Year Second Quarter Revenue Less Ancillary Services Increased 54.4% Year-over-Year or 56.7% on a Constant Currency Basis Second Quarter Gross Profit Increased 47.0% and Adjusted Gross Profit Increased 46.8% Year-over-Year Company Provides Third Quarter Outlook and Raises Fiscal-Year 2023 Outlook BOSTON, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW) ("Flywire" or the "Company") a global payments enablement and software company, today reported financial results for its second quarter ended June 30, 2023. "I am extremely proud to report our excellent second quarter results, which capped off a strong first half of the
BOSTON, July 05, 2023 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (NASDAQ:FLYW), a global payments enablement and software company, announced that its second quarter 2023 financial results will be released after market close on Tuesday, August 8, 2023. Flywire will host a conference call to discuss its second quarter 2023 financial results at 5:30pm ET the same day. Hosting the call will be Mike Massaro, CEO, Rob Orgel, President and COO, and Mike Ellis, CFO. The conference call will be webcast live from Flywire's investor relations website at https://ir.flywire.com/. A replay will be available on the investor relations website following the call. About Flywire Flywire (NAS
BOSTON, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW) (Flywire), a global payments enablement and software company, today is announcing the appointment of Carleigh Jaques to its Board of Directors, effective immediately. Ms. Jaques will also serve as a member of the Audit Committee of Flywire's Board of Directors. Ms. Jaques brings extensive experience in financial technology, payments, risk and capital markets to Flywire's Board of Directors. She previously led multiple strategic and operational teams over the span of a 15-year career at Visa, Inc. (NYSE:V), where she was most recently the SVP, Global Head of Risk & Identity Solutions. In this role, she acce
-Industry Veteran Strengthens Leadership Team to Drive Growth & Scale One Inc, the leading digital payments network for the insurance industry, today announced the appointment of Michael Ellis as the company's new Chief Financial Officer (CFO), effective August 5, 2024. As CFO, Ellis will be responsible for overseeing the company's financial activities and will help guide One Inc's future direction in collaboration with Chief Executive Officer Ian Drysdale, to whom he will report. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240806903108/en/Michael Ellis (Photo: Business Wire) Ellis joins One Inc with over 30 years of experi
Lendbuzz, an AI-based financial technology company that helps consumers obtain fair access to credit when purchasing a vehicle, today announced that it has added Diane Offereins to its board of directors. Ms. Offereins—who brings to the board more than 35 years of experience in the Financial Services industry— spent much of her storied career at Discover Financial Services, where she recently retired as the Executive Vice President, President Payment Services, having served in a variety of leadership roles at the company since 1998. As a member of Discover's executive committee, she helped drive the firm's strategic direction, flagship initiatives, and helped to shape the company's cultur
The addition of StudyLink is expected to bolster Flywire's education solution with a comprehensive international admissions, application & agent management software platform Acquisition enhances the StudyLink and Flywire value proposition to their shared stakeholders in the higher education ecosystem and adds more value to institutions, agents and students Flywire expands on existing partnership with Navitas as a key payments partner for its colleges and campuses worldwide BOSTON and ADELAIDE, Australia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (NASDAQ:FLYW) a global payments enablement and software company, announced that it has acquired StudyLink, an inno
Hospitality and restaurant technology executive joins the company to fuel its next phase of growth HERNDON, Va., Sept. 27, 2023 /PRNewswire/ -- FranConnect, the leading provider of sales, operations, and marketing technology to franchises and multi-location businesses, announces the appointment of Austen Asadorian to its executive leadership team as Chief Revenue Officer. Asadorian will oversee FranConnect's global go-to-market and revenue organization, including new customer acquisition, customer expansion, new market development, pre-sales consulting, and revenue operations, bolstering FranConnect's continued year-over-year growth.
BOSTON, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW) (Flywire), a global payments enablement and software company, today is announcing the appointment of Gretchen Howard to its Board of Directors, effective immediately. Ms. Howard will also serve as a member of the Compensation Committee of the Flywire Board. Ms. Howard brings extensive experience in software, payments and public market operations to Flywire's Board of Directors. She is the former Chief Operating Officer of Robinhood Markets, Inc. ("Robinhood"), where among other functions, she oversaw brokerage, cash compliance and operations, human resources and recruiting, customer trust and safety, as well as c
Flywire appoints Diane Offereins, EVP and President, Payment Services at Discover Financial Services to Flywire's Board of Directors Yvonne Hao and Jo Natauri step down from Flywire's Board BOSTON, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW) (Flywire), a global payments enablement and software company, today is announcing the appointment of Diane Offereins to its Board of Directors, effective immediately. Ms. Offereins will also serve as a Member of the Compensation Committee of the Board. Flywire also is announcing that Jo Natauri and Yvonne Hao have stepped down from the Board. Ms. Offereins brings an extensive background in Payments, Financial Services and Cyb
BOSTON, Sept. 23, 2021 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW) (Flywire), a global payments enablement and software company, today announced the appointment of Yvonne Hao to its Board of Directors, effective September 23, 2021. Ms. Hao will serve as a Member of the Compensation Committee of the Board. Ms. Hao brings an extensive background in technology and strong operational leadership to Flywire's board. She is Co-Founder of the Private Equity Firm Cove Hill Partners, which focuses on building market-leading consumer and technology companies, and prior to that, held the roles of COO and CFO of PillPack, a national retail e-commerce pharmacy. There she helped lead the $750