46,560 Shares in Flywire Co. (NASDAQ:FLYW) Purchased by Main Management ETF Advisors LLC

Main Management ETF Advisors LLC acquired a new stake in shares of Flywire Co. (NASDAQ:FLYW - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 46,560 shares of the company's stock, valued at approximately $763,000.

Other institutional investors have also bought and sold shares of the company. Jennison Associates LLC grew its position in shares of Flywire by 5.3% in the 3rd quarter. Jennison Associates LLC now owns 2,226,750 shares of the company's stock worth $36,496,000 after buying an additional 112,218 shares during the last quarter. Curi RMB Capital LLC purchased a new position in Flywire during the third quarter valued at $1,143,000. FMR LLC raised its position in shares of Flywire by 3.6% in 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. Westfield Capital Management Co. LP boosted its stake 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 during the period. Finally, Ensign Peak Advisors Inc purchased a new position in shares of Flywire in the second quarter valued at approximately $734,000. Institutional investors own 95.90% of the company's stock.

Flywire Stock Up 0.7 %

Shares of NASDAQ FLYW traded up $0.15 during midday trading on Friday, reaching $21.47. 1,010,991 shares of the company's stock traded hands, compared to its average volume of 1,695,012. The stock's 50 day simple moving average is $19.26 and its 200-day simple moving average is $17.97. Flywire Co. has a one year low of $15.19 and a one year high of $31.54. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 143.13, a P/E/G ratio of 3.68 and a beta of 1.08.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FLYW. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Flywire from $23.00 to $26.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Raymond James raised their price objective on Flywire from $23.00 to $27.00 and gave the stock a "strong-buy" rating in a research note on Friday, November 8th. B. Riley reaffirmed a "buy" rating and set a $30.00 target price on shares of Flywire in a research note on Wednesday, October 2nd. 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, Wells Fargo & Company lowered Flywire from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $20.00 to $18.00 in a report on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $25.29.

About Flywire

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.