Analysts Set Flywire Co. (NASDAQ:FLYW) Target Price at $24.86

Shares of Flywire Co. (NASDAQ:FLYW) have earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $24.86.

Several equities analysts recently weighed in on FLYW shares. BTIG Research decreased their target price on shares of Flywire from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price on shares of Flywire from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Wells Fargo & Company cut Flywire from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $20.00 to $18.00 in a report on Friday, October 11th. B. Riley restated a “buy” rating and issued a $30.00 price objective on shares of Flywire in a research note on Wednesday, October 2nd. Finally, Morgan Stanley lifted their target price on Flywire from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th.

Insider Buying and Selling

In related news, General Counsel Peter Butterfield sold 1,769 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total transaction of $31,912.76. Following the transaction, the general counsel now owns 273,517 shares in the company, valued at $4,934,246.68. The trade was a 0.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Rob Orgel sold 3,824 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $17.31, for a total transaction of $66,193.44. Following the transaction, the chief operating officer now directly owns 473,648 shares in the company, valued at $8,198,846.88. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,966 shares of company stock valued at $480,143 over the last ninety days. 3.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Flywire

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Flywire by 0.9% in the first quarter. Vanguard Group Inc. now owns 10,861,990 shares of the company’s stock valued at $269,486,000 after acquiring an additional 100,704 shares in the last quarter. Natixis increased its position in shares of Flywire by 657.6% during the 1st quarter. Natixis now owns 75,000 shares of the company’s stock valued at $1,861,000 after purchasing an additional 65,100 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Flywire by 45.6% during the 1st quarter. Advisors Asset Management Inc. now owns 3,044 shares of the company’s stock worth $76,000 after purchasing an additional 954 shares during the period. Public Employees Retirement Association of Colorado purchased a new position in shares of Flywire in the 1st quarter worth about $358,000. Finally, Ascent Group LLC grew its position in Flywire by 10.1% during the first quarter. Ascent Group LLC now owns 14,165 shares of the company’s stock valued at $351,000 after buying an additional 1,300 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Flywire Stock Performance

Shares of NASDAQ FLYW opened at $22.92 on Friday. The stock has a market capitalization of $2.85 billion, a PE ratio of 152.80, a price-to-earnings-growth ratio of 4.42 and a beta of 0.95. Flywire has a 52 week low of $15.19 and a 52 week high of $31.54. The stock has a 50 day moving average price of $18.12 and a 200 day moving average price of $17.59.

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.