Flywire Co. (NASDAQ:FLYW) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Flywire Co. (NASDAQ:FLYW) has been given a consensus rating of “Moderate Buy” by the fifteen analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $25.29.

FLYW has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective on Flywire from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 price objective on shares of Flywire in a research note on Thursday. The Goldman Sachs Group lifted their price objective on Flywire from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Raymond James lifted 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Flywire from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, December 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Harbor Capital Advisors Inc. boosted its holdings in shares of Flywire by 0.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 224,775 shares of the company’s stock worth $4,635,000 after acquiring an additional 1,531 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Flywire in the 3rd quarter worth approximately $209,000. Geode Capital Management LLC boosted its holdings in shares of Flywire by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,799,486 shares of the company’s stock worth $45,892,000 after acquiring an additional 17,062 shares in the last quarter. Brophy Wealth Management LLC acquired a new position in shares of Flywire in the 3rd quarter worth approximately $263,000. Finally, Bullseye Asset Management LLC boosted its holdings in shares of Flywire by 0.7% in the 3rd quarter. Bullseye Asset Management LLC now owns 146,846 shares of the company’s stock worth $2,407,000 after acquiring an additional 1,000 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Flywire Price Performance

Shares of NASDAQ:FLYW opened at $17.80 on Friday. Flywire has a fifty-two week low of $15.19 and a fifty-two week high of $31.54. The business has a 50-day moving average of $20.88 and a two-hundred day moving average of $18.52. The stock has a market capitalization of $2.21 billion, a P/E 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.