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

Shares of Flywire Co. (NASDAQ:FLYW) have been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $25.38.

FLYW has been the topic of several research analyst reports. Citigroup cut their target price on shares of Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Flywire from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Raymond James boosted their target price on Flywire from $23.00 to $27.00 and gave the company a “strong-buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group increased their price target on Flywire from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Seaport Res Ptn downgraded Flywire from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Emerald Advisers LLC grew its position in Flywire by 48.6% in the 4th quarter. Emerald Advisers LLC now owns 430,646 shares of the company’s stock worth $8,880,000 after purchasing an additional 140,821 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Flywire by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 12,087,221 shares of the company’s stock valued at $249,238,000 after acquiring an additional 781,711 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Flywire during the fourth quarter valued at approximately $493,000. Sei Investments Co. increased its position in shares of Flywire by 38.4% during the fourth quarter. Sei Investments Co. now owns 110,144 shares of the company’s stock valued at $2,271,000 after acquiring an additional 30,572 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in Flywire during the fourth quarter worth $632,000. 95.90% of the stock is owned by institutional investors.

Flywire Stock Performance

Shares of FLYW opened at $20.05 on Wednesday. The firm has a market cap of $2.49 billion, a PE ratio of 133.67, a price-to-earnings-growth ratio of 1.52 and a beta of 1.08. Flywire has a 52-week low of $15.19 and a 52-week high of $31.54. The business’s 50 day moving average price is $20.00 and its two-hundred day moving average price is $18.93.

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.