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

Shares of Flywire Co. (NASDAQ:FLYW) have earned a consensus rating of “Moderate Buy” from the fifteen research firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $25.29.

Several research firms have issued reports on FLYW. Raymond James upped their price objective on Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a report on Friday, November 8th. The Goldman Sachs Group upped their target price on shares of Flywire from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. B. Riley reiterated a “buy” rating and set a $30.00 target price on shares of Flywire in a research report on Wednesday, October 2nd. Wells Fargo & Company cut shares of Flywire from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $20.00 to $18.00 in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Flywire from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, December 2nd.

Flywire Stock Performance

NASDAQ:FLYW opened at $17.80 on Friday. The stock’s fifty day moving average price is $20.88 and its two-hundred day moving average price is $18.52. Flywire has a 52-week low of $15.19 and a 52-week high of $31.54. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 118.67, a P/E/G ratio of 3.03 and a beta of 1.10.

Institutional Trading of Flywire

Several hedge funds and other institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. raised its stake in shares of Flywire by 0.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 224,775 shares of the company’s stock valued at $4,635,000 after purchasing an additional 1,531 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Flywire in the 3rd quarter valued at about $209,000. Geode Capital Management LLC raised its stake in shares of Flywire by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,799,486 shares of the company’s stock valued at $45,892,000 after purchasing an additional 17,062 shares during the period. Brophy Wealth Management LLC bought a new position in shares of Flywire in the 3rd quarter valued at about $263,000. Finally, Bullseye Asset Management LLC grew its holdings in shares of Flywire by 0.7% in the 3rd 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. Institutional investors and hedge funds own 95.90% of the company’s stock.

Flywire Company Profile

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.