Flywire Co. (NASDAQ:FLYW) Receives $25.29 Average PT from Brokerages

Flywire Co. (NASDAQ:FLYW) has been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat reports. Four 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 twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $25.29.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new position in Flywire during the 2nd quarter valued at $26,000. Headlands Technologies LLC boosted its stake in Flywire by 82.3% during the second quarter. Headlands Technologies LLC now owns 3,343 shares of the company’s stock valued at $55,000 after buying an additional 1,509 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Flywire during the second quarter worth about $64,000. Advisors Asset Management Inc. raised its position in Flywire by 15.4% in the third quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company’s stock worth $66,000 after acquiring an additional 539 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Flywire in the 3rd quarter valued at about $149,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Flywire Trading Down 1.7 %

Shares of NASDAQ FLYW opened at $20.13 on Tuesday. The business has a 50 day simple moving average of $20.13 and a 200-day simple moving average of $18.17. 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 price-to-earnings-growth 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.