Flywire Co. (NASDAQ:FLYW) Receives Average Rating of "Moderate Buy" from Analysts

Flywire Co. (NASDAQ:FLYW - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fifteen brokerages that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $25.29.

FLYW has been the topic of several analyst reports. B. Riley reiterated a "buy" rating and set a $30.00 price target on shares of Flywire in a report on Wednesday, October 2nd. Raymond James increased their target price 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 boosted their price target 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. JPMorgan Chase & Co. increased their price objective on shares of Flywire from $18.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. Finally, Wells Fargo & Company downgraded shares of Flywire from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $20.00 to $18.00 in a research note on Friday, October 11th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Quarry LP purchased a new position in Flywire during the second quarter valued at $26,000. Headlands Technologies LLC raised its position in Flywire by 82.3% in the second 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 period. Daiwa Securities Group Inc. acquired a new position in Flywire in the second quarter valued at about $64,000. Advisors Asset Management Inc. lifted its holdings in shares of Flywire by 15.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company's stock worth $66,000 after acquiring an additional 539 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Flywire during the third quarter worth $149,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Flywire Trading Up 1.7 %

NASDAQ:FLYW traded up $0.36 during midday trading on Tuesday, hitting $21.49. 1,444,771 shares of the company traded hands, compared to its average volume of 1,407,397. The firm has a market capitalization of $2.67 billion, a P/E ratio of 143.27, a P/E/G ratio of 3.10 and a beta of 1.08. The firm's fifty day moving average is $19.89 and its 200-day moving average is $18.11. Flywire has a 12-month low of $15.19 and a 12-month high of $31.54.

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.