Flywire Co. (NASDAQ:FLYW) Short Interest Update

Flywire Co. (NASDAQ:FLYW) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 4,390,000 shares, a decline of 7.2% from the December 15th total of 4,730,000 shares. Based on an average daily trading volume, of 1,290,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 3.7% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several research firms have weighed in on FLYW. Raymond James increased their target price on shares of Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a report on Friday, November 8th. Seaport Res Ptn downgraded Flywire from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group boosted their target price on Flywire from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. B. Riley reaffirmed a “buy” rating and set a $30.00 price target on shares of Flywire in a research report on Wednesday, October 2nd. Finally, Citigroup decreased their price objective on Flywire from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.36.

Flywire Stock Down 0.3 %

Shares of FLYW stock traded down $0.06 during trading on Friday, reaching $20.03. The company’s stock had a trading volume of 1,026,591 shares, compared to its average volume of 1,039,711. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 133.53, a price-to-earnings-growth ratio of 1.47 and a beta of 1.10. Flywire has a one year low of $15.19 and a one year high of $31.54. The business has a fifty day moving average price of $20.99 and a 200-day moving average price of $18.66.

Institutional Investors Weigh In On Flywire

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in shares of Flywire in the second quarter valued at about $26,000. Advisors Asset Management Inc. grew its stake in Flywire by 15.4% in the third quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company’s stock valued at $66,000 after purchasing an additional 539 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Flywire during the 3rd quarter worth approximately $149,000. Algert Global LLC bought a new stake in shares of Flywire during the 2nd quarter worth approximately $180,000. Finally, Olympiad Research LP acquired a new stake in shares of Flywire in the 3rd quarter valued at approximately $206,000. 95.90% of the stock is owned by institutional investors.

About Flywire

Flywire Corporation, together with its subsidiaries, operates as a payments 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, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.