Why Flywire Company Inventory Is Tanking At present

Flywire Company FLYW shares are decrease Wednesday after the corporate reported its third-quarter monetary stories after the market shut on Tuesday.

The Particulars:

Flywire reported earnings of 8 cents per share, up from a lack of 4 cents per share year-over-year. The corporate additionally reported income of $123.3 million which beat the $122.071 million estimate.

A number of analysts up to date their protection on Flywire following the monetary outcomes:

• Truist Securities analyst Andrew Jeffrey maintained Flywire with a Purchase and lowered the worth goal from $40 to $33.
• Wells Fargo analyst Jeff Cantwell maintained Flywire with an Chubby and lowered the worth goal from $35 to $33.
• Raymond James analyst John Davis maintained Flywire with a Robust Purchase and lowered the worth goal from $44 to $35.

Shares of FLYW are dropping on heavy buying and selling quantity Wednesday. In accordance with information from Benzinga Professional, greater than 4.8 million shares have been traded within the session, in comparison with the inventory’s 100-day common of 1.057 million shares.

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FLYW Worth Motion: In accordance with Benzinga Professional, Flywire Applied sciences shares are down by greater than 20.17% at $20.17 on the time of publication.

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