Flywire Co. (NASDAQ:FLYW) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Flywire Co. (NASDAQ:FLYW) have been assigned an average rating of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $25.29.

Several brokerages recently issued reports on FLYW. Wells Fargo & Company downgraded shares of Flywire from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $20.00 to $18.00 in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Flywire from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Raymond James lifted their price target on shares of Flywire from $23.00 to $27.00 and gave the company a “strong-buy” rating in a report on Friday, November 8th. B. Riley reaffirmed a “buy” rating and issued a $30.00 target price on shares of Flywire in a research report on Wednesday, October 2nd. Finally, Morgan Stanley raised their price objective on Flywire from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th.

Flywire Trading Down 1.7 %

Shares of FLYW stock opened at $20.13 on Tuesday. Flywire has a twelve month low of $15.19 and a twelve month high of $31.54. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 134.20, a PEG ratio of 3.10 and a beta of 1.08. The firm has a 50-day moving average price of $20.13 and a 200 day moving average price of $18.17.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. World Investment Advisors LLC acquired a new stake in Flywire during the 3rd quarter valued at approximately $209,000. Geode Capital Management LLC grew its position in shares of Flywire by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,799,486 shares of the company’s stock worth $45,892,000 after buying an additional 17,062 shares in the last quarter. Brophy Wealth Management LLC bought a new stake in shares of Flywire in the third quarter worth $263,000. Bullseye Asset Management LLC raised its holdings in Flywire by 0.7% in the third quarter. Bullseye Asset Management LLC now owns 146,846 shares of the company’s stock valued at $2,407,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Barclays PLC boosted its stake in Flywire by 361.4% during the 3rd quarter. Barclays PLC now owns 197,493 shares of the company’s stock valued at $3,236,000 after acquiring an additional 154,694 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

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.