Flywire Co. (NASDAQ:FLYW) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in Flywire Co. (NASDAQ:FLYW) by 33.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 393,200 shares of the company’s stock after buying an additional 97,687 shares during the period. Assenagon Asset Management S.A. owned approximately 0.32% of Flywire worth $8,108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FMR LLC increased its holdings 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 purchasing an additional 326,120 shares during the period. Westfield Capital Management Co. LP grew its position in Flywire by 19.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,226,912 shares of the company’s stock valued at $102,059,000 after buying an additional 1,006,516 shares during the last quarter. State Street Corp increased its stake in Flywire by 5.2% in the 3rd quarter. State Street Corp now owns 2,930,906 shares of the company’s stock valued at $48,038,000 after buying an additional 145,894 shares during the period. Geode Capital Management LLC raised its position in Flywire by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,799,486 shares of the company’s stock worth $45,892,000 after buying an additional 17,062 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake 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 acquiring an additional 112,218 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FLYW has been the subject of several analyst reports. Morgan Stanley increased their price target on shares of Flywire from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised their price target on Flywire from $23.00 to $26.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Citigroup dropped their price objective on Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company downgraded Flywire from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $20.00 to $18.00 in a report on Friday, October 11th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $25.00 target price on shares of Flywire in a research report on Thursday, January 9th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.36.

Flywire Stock Down 0.3 %

Shares of FLYW stock opened at $20.03 on Monday. Flywire Co. has a fifty-two week low of $15.19 and a fifty-two week high of $31.54. The firm’s 50 day moving average price is $20.99 and its two-hundred day moving average price is $18.68. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 133.53, a price-to-earnings-growth ratio of 1.47 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.