How to Buy Flywire Stock
Flywire Corp
Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Canada, and the United Kingdom, and internationally.
Flywire stock last closed at $21.13, down 1.31% from the previous day, and has decreased 28.03% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.42 percentage points. Flywire stock is currently +13.3% from its 52-week low of $18.65, and -40.98% from its 52-week high of $35.80.
At the moment, there are 122.83M FLYW shares outstanding. The market cap of FLYW is $2.60B. In the last 24 hours, 1.38M FLYW shares were traded.
How to Buy Flywire Stock
Not sure how to invest in Flywire stock? Here's how.
- Choose where to buy Flywire stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you choose where to buy Flywire stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Pick your payment method and add your details.
- Analyze Flywire stock: The Flywire ticker symbol is FLYW. Is Flywire stock a good investment? Should you buy shares of FLYW? How do FLYW's underlying business fundamentals look? Do top analysts think Flywire is a good buy? Why has FLYW's stock price moved recently? (Hint: Our stock market research website can help you understand if FLYW is a good stock to buy).
- Place your FLYW purchase: Decide if you will purchase FLYW shares at the current market price or use a limit order to purchase FLYW shares at a particular price.
- Get updates on your FLYW investment: Create a watchlist to watch your new investment in Flywire stock.
Step 1: Choose where to buy Flywire stock
You need a brokerage account to access the NASDAQ market and buy FLYW shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal details so you can invest in FLYW stock today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create your new trading account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have created your account on the best stock trading app for beginners, you can securely and quickly fund your account:
Watch the video below for more details transferring money into your new brokerage account.
Step 4: Analyze Flywire stock
Once you have chosen the best place to buy Flywire stock, it's very important to evaluate their stock prior to investing, so you can comprehend the risk as well as the opportunity.
Flywire shares at a glance
Flywire Fundamentals
WallStreetZen was created to help average investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on FLYW's stock page.
How is FLYW stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge FLYW's intrinsic value.
Using relative valuations methods:
- FLYW may be undervalued based on its P/B ratio of 3.3x, relative to Software - Infrastructure industry P/B ratio of 11.8x
You can access additional valuation analysis on FLYW's stock here.
FLYW Financial Overview
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the FLYW balance sheet.
- There are more short-term assets than short-term liabilities on the FLYW balance sheet.
- FLYW has a low debt to equity ratio of 0.37.
- FLYW's operating cash flow of $80.63M allows it to safely service it's debt of $0.00.
- FLYW profit margin has gone up from -13.6% to -2.1% in the past year.
Negative Financial Indicators:
- FLYW earnings of -$3.98M is not enough to cover its interest payments.
Do analysts think it's a good time to buy Flywire stock
Out of 10 Wall Street analysts who track FLYW, the consensus analyst rating on Flywire is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent FLYW Analyst Forecasts
Andrew Jeffrey, a top 4% analyst from Truist Securities maintains FLYW with a strong buy rating and raises their FLYW price target from $30.00 to $39.00, on Feb 28, 2024.
Truist Securities's Andrew Jeffrey raised their price target on Flywire (NASDAQ: FLYW) by 30% from $30 to $39 on 2024/02/28. The analyst maintained their Strong Buy rating on the stock.
Flywire delivered better-than-expected quarterly earnings and FY 2024 guidance, Jeffrey highlighted after reviewing the company's Q4 and FY 2023 earnings report, released on 2024/02/27.
With its dominant position in the world's major vertical markets and its B2B software, platform, and payment offerings, the analyst believes the company is poised to achieve sustainable organic revenue growth of about 20% and a steady EBITDA expansion of 300 bps.
Earnings Report
Flywire reported:
For Q4 2023:
- EPS of $0.01, which beat the Zacks Consensus Estimate of $(0.08) and, by 200%, Q4 2022’s $(0.01).
- Revenue of $96.1M, which beat the Zacks Consensus Estimate by 8.7% and, by 42.6%, Q4 2022’s $67.4M.
- EBITDA of $7.7M, up 670% Y/Y.
For FY 2023:
- Loss per share of $0.07, compared to FY 2022’s loss of $0.36.
- Revenue of $381.5M, up 42.8% Y/Y.
- EBITDA of $42M, up 141.9% Y/Y.
Management guided:
For Q1 2024:
- Revenue of $106M to $111M.
- EBITDA of $9M to $11M.
For FY 2024:
- Revenue of $483M to $509M.
- EBITDA of $65M to $76M.
CEO Mike Massaro commented: “Our strong Q4 results, which included nearly 43% Y/Y growth in revenue less ancillary services, capped off an exceptional year for Flywire as we continue to show strong performance across the business.
“We are proud of all that we have accomplished in 2023 and excited for what is ahead, with a plan that puts up strong growth numbers in a complex macro environment and further expands EBITDA in alignment with our multi-year targets.”
CFO Mike Ellis added, “For FY 2024 we expect revenue less ancillary services to grow 30% at the midpoint of our guidance.
“We also expect to generate an approximately 320 bps improvement in adjusted EBITDA as a percentage of revenue less ancillary services at the midpoint of our guidance.
“Our seasonality across the fiscal year, and our results for Q1, are expected to be impacted by Canadian regulatory changes, which will reduce the number of international study permit applications and delay some Canadian applications until later in the year.
“The changes may also lead some students to study in other countries.”
Tien-tsin Huang, a top 23% analyst from JP Morgan maintains FLYW with a hold rating and raises their FLYW price target from $29.00 to $32.00, on Feb 28, 2024.
Nate Svensson, a bottom 46% analyst from Deutsche Bank initiates coverage on FLYW with a strong buy rating and announces their FLYW price target of $27.00, on Feb 6, 2024.
Jeff Cantwell, a bottom 1% analyst from Wells Fargo maintains FLYW with a strong buy rating and lowers their FLYW price target from $35.00 to $33.00, on Nov 8, 2023.
John Davis, a bottom 1% analyst from Raymond James maintains FLYW with a strong buy rating and lowers their FLYW price target from $44.00 to $35.00, on Nov 8, 2023.
You can dive deeper into what analysts are saying on the Flywire stock forecast page.
FLYW Trading Indicators
Is FLYW Making Money?
Last year, FLYW revenue was $403.09M. Over the last four year, FLYW's revenue has grown by 43.55% per year. This was faster than the Software - Infrastructure industry average of 17.1%.
Find out more about FLYW's earnings and revenue performance here.
Latest Insiders Trades at FLYW
Over the past 12 months, insiders at FLYW have sold more shares than they have bought.
Michael Massaro, Chief Executive Officer of FLYW, was the latest FLYW insider to sell. They sold $117,774.90 worth of FLYW shares on Apr 3, 2024.
Dig into more about who owns FLYW stock here.
Can I get consistent income from FLYW stock?
No, Flywire doesn't provide an income stream by paying out dividends.
What do other investors have to say about FLYW?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your FLYW purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, use a limit order.
Press the Open button and eToro will execute the order.
If you want additional help with buying stocks on eToro, click the how to video below:
Step 6: Get updates on your FLYW investment
Now that you own some FLYW shares, you'll want to keep up with your new stock purchase.
Make a watchlist to monitor your FLYW stock.
FLYW Feed
How to Buy Stock in Flywire
To reiterate, here are the 6 steps for buying Flywire stock:
- Choose where to buy Flywire stock
- Create a brokerage account
- Deposit money your brokerage account
- Analyze Flywire stock
- Place your FLYW purchase
- Get updates on your FLYW investment
If you are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest news on your investment in Flywire, create a watchlist on WallStreetZen today.
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