Charles Schwab Investment Management Inc. raised its holdings in Flywire Co. (NASDAQ:FLYW – Free Report) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 931,914 shares of the company’s stock after acquiring an additional 21,655 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.74% of Flywire worth $15,274,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP purchased a new position in shares of Flywire during the 2nd quarter valued at about $26,000. Headlands Technologies LLC grew its position in shares of 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 last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Flywire in the 2nd quarter worth approximately $64,000. Advisors Asset Management Inc. boosted its position in shares of Flywire by 15.4% during the third quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company’s stock valued at $66,000 after purchasing an additional 539 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Flywire during the third quarter valued at approximately $149,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on FLYW. JPMorgan Chase & Co. lifted their price objective on Flywire from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft boosted their price target on Flywire from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Raymond James boosted their price target 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 restated a “buy” rating and issued a $30.00 price target on shares of Flywire in a research note on Wednesday, October 2nd. Finally, Morgan Stanley boosted their price target on Flywire from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Flywire presently has an average rating of “Moderate Buy” and an average target price of $25.29.
Flywire Stock Performance
Flywire stock opened at $21.47 on Friday. The stock has a market cap of $2.67 billion, a PE ratio of 143.13, a price-to-earnings-growth ratio of 3.68 and a beta of 1.08. Flywire Co. has a one year low of $15.19 and a one year high of $31.54. The stock has a fifty day moving average of $19.26 and a 200 day moving average of $17.96.
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.
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