Venturi Wealth Management LLC Purchases New Stake in Flywire Co. (NASDAQ:FLYW)

Venturi Wealth Management LLC acquired a new position in shares of Flywire Co. (NASDAQ:FLYW) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 5,061 shares of the company’s stock, valued at approximately $104,000.

A number of other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of Flywire by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,799,486 shares of the company’s stock worth $45,892,000 after acquiring an additional 17,062 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Flywire by 5.3% in the third quarter. Jennison Associates LLC now owns 2,226,750 shares of the company’s stock worth $36,496,000 after purchasing an additional 112,218 shares during the last quarter. Curi RMB Capital LLC bought a new position in shares of Flywire in the third quarter valued at approximately $1,143,000. FMR LLC boosted its position in shares of Flywire by 3.6% during the third quarter. FMR LLC now owns 9,408,098 shares of the company’s stock valued at $154,199,000 after buying an additional 326,120 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in Flywire by 19.3% during the third quarter. Westfield Capital Management Co. LP now owns 6,226,912 shares of the company’s stock worth $102,059,000 after buying an additional 1,006,516 shares in the last quarter. 95.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on FLYW shares. Deutsche Bank Aktiengesellschaft raised their price objective on Flywire from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Citigroup cut their price target on shares of Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Raymond James increased their price objective 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. The Goldman Sachs Group boosted their target price on Flywire from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Morgan Stanley boosted their price objective on Flywire from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Flywire has a consensus rating of “Moderate Buy” and a consensus target price of $25.38.

Flywire Price Performance

Shares of FLYW opened at $17.64 on Monday. The firm has a market cap of $2.19 billion, a PE ratio of 117.57, a PEG ratio of 1.41 and a beta of 1.08. Flywire Co. has a 1 year low of $15.19 and a 1 year high of $31.54. The stock’s fifty day moving average price is $19.74 and its two-hundred day moving average price is $18.99.

Flywire Company Profile

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.