Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Flywire (NASDAQ:FLYW) Stock Price

Flywire (NASDAQ:FLYW) had its target price increased by Deutsche Bank Aktiengesellschaft from $23.00 to $26.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently weighed in on the stock. Royal Bank of Canada decreased their price objective on shares of Flywire from $34.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company cut shares of Flywire from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $20.00 to $18.00 in a research note on Friday, October 11th. BTIG Research decreased their price target on shares of Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Raymond James increased their price target 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. Finally, Morgan Stanley increased their price target on shares of Flywire from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.29.

Flywire Trading Down 2.9 %

Shares of Flywire stock opened at $22.05 on Monday. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 147.07, a P/E/G ratio of 3.90 and a beta of 1.08. Flywire has a 1-year low of $15.19 and a 1-year high of $31.54. The firm’s 50-day moving average price is $18.96 and its two-hundred day moving average price is $17.88.

Hedge Funds Weigh In On Flywire

Several large investors have recently bought and sold shares of the business. World Investment Advisors LLC acquired a new stake in Flywire in the third quarter worth $209,000. Geode Capital Management LLC raised its holdings 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 purchasing an additional 17,062 shares during the period. Brophy Wealth Management LLC acquired a new stake in Flywire in the third quarter worth $263,000. Bullseye Asset Management LLC raised its holdings in Flywire by 0.7% in the third quarter. Bullseye Asset Management LLC now owns 146,846 shares of the company’s stock worth $2,407,000 after purchasing an additional 1,000 shares during the period. Finally, Barclays PLC raised its holdings in Flywire by 361.4% in the third quarter. Barclays PLC now owns 197,493 shares of the company’s stock worth $3,236,000 after purchasing an additional 154,694 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.