Brokerages Set Flywire Co. (NASDAQ:FLYW) PT at $25.38

Shares of Flywire Co. (NASDAQ:FLYW - Get Free Report) have received an average recommendation of "Moderate Buy" from the fifteen analysts that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $25.38.

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Flywire from $23.00 to $26.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Wells Fargo & Company downgraded shares of Flywire from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $20.00 to $18.00 in a research note on Friday, October 11th. The Goldman Sachs Group boosted their target price on shares of Flywire from $22.00 to $27.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Seaport Res Ptn downgraded shares of Flywire from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Morgan Stanley increased their price objective on Flywire from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th.

Hedge Funds Weigh In On Flywire

Several institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of Flywire in the fourth quarter valued at about $35,579,000. Arizona State Retirement System grew its position in shares of Flywire by 1.6% in the fourth quarter. Arizona State Retirement System now owns 32,215 shares of the company's stock valued at $664,000 after purchasing an additional 513 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Flywire by 73.8% in the fourth quarter. Victory Capital Management Inc. now owns 806,257 shares of the company's stock valued at $16,625,000 after purchasing an additional 342,245 shares during the last quarter. Keybank National Association OH grew its position in shares of Flywire by 59.0% in the fourth quarter. Keybank National Association OH now owns 20,880 shares of the company's stock valued at $431,000 after purchasing an additional 7,746 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Flywire by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 945,612 shares of the company's stock worth $19,499,000 after buying an additional 13,698 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Flywire Price Performance

Shares of NASDAQ:FLYW traded up $0.20 on Wednesday, reaching $20.40. 787,189 shares of the company traded hands, compared to its average volume of 1,453,493. Flywire has a fifty-two week low of $15.19 and a fifty-two week high of $31.54. The company's 50 day moving average is $20.09 and its 200-day moving average is $18.89. The stock has a market capitalization of $2.54 billion, a PE ratio of 136.00, a P/E/G ratio of 1.52 and a beta of 1.08.

Flywire (NASDAQ:FLYW - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.16. Flywire had a net margin of 4.23% and a return on equity of 2.49%. The company had revenue of $156.82 million for the quarter, compared to the consensus estimate of $146.44 million. During the same period in the previous year, the business earned $0.08 EPS. As a group, analysts expect that Flywire will post 0.14 EPS for the current year.

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.