Flywire Co. (NASDAQ:FLYW) Given Average Rating of "Moderate Buy" by Analysts

Shares of Flywire Co. (NASDAQ:FLYW - Get Free Report) have earned an average rating of "Moderate Buy" from the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating 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.

Several research firms recently weighed in on FLYW. Deutsche Bank Aktiengesellschaft upped their price target on Flywire from $23.00 to $26.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Raymond James upped their target price on Flywire from $23.00 to $27.00 and gave the company a "strong-buy" rating in a report on Friday, November 8th. Royal Bank of Canada restated an "outperform" rating and set a $25.00 price target on shares of Flywire in a report on Thursday. Wells Fargo & Company lowered shares of Flywire from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $20.00 to $18.00 in a research note on Friday, October 11th. Finally, The Goldman Sachs Group increased their target price on shares of Flywire from $22.00 to $27.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd.

Institutional Investors Weigh In On Flywire

Hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Flywire during the 2nd quarter worth about $26,000. Headlands Technologies LLC increased its position in Flywire by 82.3% in the 2nd quarter. Headlands Technologies LLC now owns 3,343 shares of the company's stock worth $55,000 after buying an additional 1,509 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of Flywire during the second quarter worth approximately $64,000. Advisors Asset Management Inc. boosted its position 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 valued at $66,000 after acquiring an additional 539 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Flywire in the third quarter worth $149,000. 95.90% of the stock is currently owned by institutional investors.

Flywire Price Performance

NASDAQ FLYW traded down $0.92 on Friday, hitting $17.80. 2,344,601 shares of the stock were exchanged, compared to its average volume of 1,365,984. The company's 50-day moving average price is $20.88 and its two-hundred day moving average price is $18.53. Flywire has a 52-week low of $15.19 and a 52-week high of $31.54. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 118.67, a P/E/G ratio of 3.03 and a beta of 1.10.

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.