Flywire Co. (NASDAQ:FLYW) Receives $25.29 Consensus Target Price from Brokerages

Flywire Co. (NASDAQ:FLYW) has been given an average recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $25.29.

A number of research analysts have issued reports on FLYW shares. Deutsche Bank Aktiengesellschaft boosted their target price on Flywire from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. B. Riley reaffirmed a “buy” rating and issued a $30.00 price target on shares of Flywire in a research note on Wednesday, October 2nd. Morgan Stanley increased their price objective on shares of Flywire from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. The Goldman Sachs Group upped their target price on shares of Flywire from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Wells Fargo & Company downgraded Flywire from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $20.00 to $18.00 in a research note on Friday, October 11th.

Hedge Funds Weigh In On Flywire

Several institutional investors and hedge funds have recently bought and sold shares of FLYW. World Investment Advisors LLC bought a new stake in Flywire during the 3rd quarter valued at $209,000. Geode Capital Management LLC lifted its stake in Flywire by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,799,486 shares of the company’s stock worth $45,892,000 after acquiring an additional 17,062 shares during the period. Brophy Wealth Management LLC bought a new stake in shares of Flywire during the 3rd quarter valued at about $263,000. Bullseye Asset Management LLC grew its position 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 worth $2,407,000 after buying an additional 1,000 shares during the period. Finally, Barclays PLC grew its holdings in shares of Flywire by 361.4% during the third quarter. Barclays PLC now owns 197,493 shares of the company’s stock valued at $3,236,000 after buying an additional 154,694 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Flywire Price Performance

Shares of NASDAQ FLYW opened at $20.47 on Tuesday. The company’s 50 day simple moving average is $20.06 and its 200 day simple moving average is $18.15. Flywire has a fifty-two week low of $15.19 and a fifty-two week high of $31.54. The firm has a market capitalization of $2.55 billion, a P/E ratio of 136.47, a P/E/G ratio of 3.10 and a beta of 1.08.

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.