Flywire (NASDAQ:FLYW) Shares Up 4.4% – Should You Buy?

Flywire Co. (NASDAQ:FLYW) shares were up 4.4% on Monday . The company traded as high as $20.12 and last traded at $20.18. Approximately 378,595 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 1,489,774 shares. The stock had previously closed at $19.33.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup reduced their price objective on shares of Flywire from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. The Goldman Sachs Group raised their price objective on shares of Flywire from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. 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 report on Friday, November 8th. Wells Fargo & Company lowered shares of Flywire from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $20.00 to $18.00 in a research report on Friday, October 11th. Finally, Morgan Stanley boosted their price objective on shares of Flywire from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Flywire has an average rating of “Moderate Buy” and an average price target of $25.38.

Flywire Stock Up 3.2 %

The firm has a 50 day simple moving average of $20.38 and a two-hundred day simple moving average of $18.83. The stock has a market capitalization of $2.48 billion, a P/E ratio of 133.00, a PEG ratio of 1.46 and a beta of 1.08.

Flywire (NASDAQ:FLYW) last posted its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.16. Flywire had a net margin of 4.23% and a return on equity of 2.49%. The firm had revenue of $156.82 million for the quarter, compared to analysts’ expectations of $146.44 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, research analysts predict that Flywire Co. will post 0.14 earnings per share for the current year.

Institutional Investors Weigh In On Flywire

Several large investors have recently modified their holdings of FLYW. Global Retirement Partners LLC bought a new stake in Flywire during the fourth quarter valued at $30,000. Quarry LP bought a new stake in shares of Flywire during the 2nd quarter valued at about $26,000. Arcadia Investment Management Corp MI acquired a new stake in Flywire during the fourth quarter worth approximately $48,000. Advisors Asset Management Inc. increased its holdings 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 purchasing an additional 539 shares in the last quarter. Finally, KBC Group NV lifted its stake in Flywire by 64.0% in the fourth quarter. KBC Group NV now owns 4,899 shares of the company’s stock valued at $101,000 after buying an additional 1,911 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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.