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

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

A number of equities research analysts have weighed in on the stock. Raymond James upped their price objective on shares of Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a report on Friday, November 8th. Morgan Stanley raised their price objective on Flywire from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Wells Fargo & Company downgraded Flywire from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $20.00 to $18.00 in a report on Friday, October 11th. The Goldman Sachs Group raised their price target on Flywire from $22.00 to $27.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Flywire from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd.

Hedge Funds Weigh In On Flywire

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP purchased a new stake in Flywire during the second quarter valued at $26,000. Headlands Technologies LLC increased its position in shares of Flywire by 82.3% during the 2nd quarter. Headlands Technologies LLC now owns 3,343 shares of the company’s stock valued at $55,000 after purchasing an additional 1,509 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Flywire in the 2nd quarter worth approximately $64,000. Advisors Asset Management Inc. boosted its holdings in shares of 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 buying an additional 539 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Flywire during the third quarter valued at approximately $149,000. 95.90% of the stock is owned by institutional investors.

Flywire Price Performance

NASDAQ:FLYW opened at $19.84 on Tuesday. Flywire has a 1-year low of $15.19 and a 1-year high of $31.54. The company has a market capitalization of $2.47 billion, a PE ratio of 132.27, a P/E/G ratio of 3.10 and a beta of 1.08. The firm’s 50-day moving average price is $20.13 and its 200-day moving average price is $18.18.

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.