Flywire Co. (NASDAQ:FLYW) Stock Holdings Increased by Peregrine Capital Management LLC

Peregrine Capital Management LLC lifted its stake in shares of Flywire Co. (NASDAQ:FLYW - Free Report) by 20.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 490,749 shares of the company's stock after acquiring an additional 84,040 shares during the period. Peregrine Capital Management LLC owned 0.39% of Flywire worth $10,119,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FLYW. Advisors Asset Management Inc. lifted its position in Flywire by 15.4% during the third quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company's stock worth $66,000 after buying an additional 539 shares during the period. Bullseye Asset Management LLC lifted its position in Flywire by 0.7% during the third quarter. Bullseye Asset Management LLC now owns 146,846 shares of the company's stock worth $2,407,000 after buying an additional 1,000 shares during the period. Captrust Financial Advisors lifted its position in Flywire by 12.3% during the third quarter. Captrust Financial Advisors now owns 13,377 shares of the company's stock worth $219,000 after buying an additional 1,463 shares during the period. Harbor Capital Advisors Inc. lifted its position in Flywire by 0.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 224,775 shares of the company's stock worth $4,635,000 after buying an additional 1,531 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Flywire by 7.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,351 shares of the company's stock worth $448,000 after buying an additional 1,845 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FLYW shares. Deutsche Bank Aktiengesellschaft raised their price objective on Flywire from $23.00 to $26.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. The Goldman Sachs Group raised their price objective on Flywire from $22.00 to $27.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Citigroup lowered their price objective on Flywire from $27.00 to $26.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Morgan Stanley raised their price objective on Flywire from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $25.00 price objective on shares of Flywire in a research note on Thursday, January 9th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $25.38.

Flywire Price Performance

NASDAQ:FLYW traded down $1.10 during midday trading on Friday, reaching $17.64. 1,516,196 shares of the company traded hands, compared to its average volume of 1,377,970. Flywire Co. has a twelve month low of $15.19 and a twelve month high of $31.54. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 117.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.08. The company has a fifty day moving average price of $19.74 and a 200 day moving average price of $18.98.

Flywire 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.