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 |
---|---|---|---|
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 |
9/28/2023 | $37.00 | Buy | BTIG Research |
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
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
-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
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
Flywire digitizes the cross-border payment experience for loans funded and managed by HDFC Credila, India's largest private loan provider. Flywire expands its footprint in India to capitalize on the billions of dollars of payment volume from education loans. BOSTON and MUMBAI, India, July 17, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW) (Flywire), a global payments enablement and software company, today announced that it has expanded its capabilities in India to streamline and digitize student loan payments for Indian students studying abroad. As part of this broader initiative, Flywire is partnering with HDFC Credila, the largest independent student loan provider in India,
BOSTON, June 18, 2024 (GLOBE NEWSWIRE) -- Improving the cross-border B2B payment experience can directly boost customer experience and be an important factor in driving business growth, according to the latest research from Flywire Corporation (NASDAQ:FLYW), a global payments enablement and software company. Flywire's survey details the business advantages of providing a digital, localized and seamless payment experience for a B2B vendor's international customers. And importantly, those responsible for paying international invoices are eager for innovation, with 94% of those surveyed saying their organization would embrace a change that eases the cross-border payments process. In its new
BOSTON, May 14, 2024 (GLOBE NEWSWIRE) -- 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. The practice of using third-party sponsors - such as corpo
BOSTON, May 10, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW)("Flywire" or the "Company") a global payments enablement and software company, today announced that the Company's management team will be attending the following upcoming investor conferences: On Tuesday, May 21, 2024, the Company will attend the J.P. Morgan Technology, Media & Communications Conference in Boston, MA. They will participate in a fireside chat discussion which will begin at 4:25pm ET.On Wednesday, June 5, 2024, the Company will attend the William Blair Growth Conference in Chicago, IL. They will participate in a fireside chat discussion which will begin at 2:40pm CT.On Monday, June 10, 2024, the Comp
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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
BTIG Research initiated coverage of Flywire with a rating of Buy and set a new price target of $37.00
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-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
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
First Quarter Revenue Increased 46.1% Year-over-Year First Quarter Revenue Less Ancillary Services Increased 50.3% Year-over-Year or 56.7% on a Constant Currency Basis First Quarter Gross Profit Increased 50.3% and Adjusted Gross Profit Increased 49.8% Year-over-Year Company Provides Second Quarter and Fiscal-Year 2023 Outlook BOSTON, May 09, 2023 (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, 2023. "Our excellent results in the first quarter are a testament to our ability to balance top line growth with ongoing efficiency initi
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.