Janney Montgomery Scott LLC Invests $239,000 in Flywire Co. (NASDAQ:FLYW)

Janney Montgomery Scott LLC bought a new position in shares of Flywire Co. (NASDAQ:FLYW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,575 shares of the company’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. raised 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 worth $66,000 after acquiring an additional 539 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Flywire during the third quarter worth $149,000. Olympiad Research LP bought a new stake in shares of Flywire during the third quarter worth $206,000. World Investment Advisors LLC bought a new stake in shares of Flywire during the third quarter worth $209,000. Finally, Captrust Financial Advisors raised its position in shares of 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 acquiring an additional 1,463 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Flywire Trading Up 0.8 %

NASDAQ:FLYW opened at $20.21 on Thursday. Flywire Co. has a 1 year low of $15.19 and a 1 year high of $31.54. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 134.73, a PEG ratio of 1.52 and a beta of 1.08. The stock has a 50-day moving average price of $19.96 and a two-hundred day moving average price of $18.94.

Analyst Ratings Changes

A number of equities research analysts recently commented on FLYW shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $25.00 price objective on shares of Flywire in a report on Thursday, January 9th. Seaport Res Ptn downgraded Flywire from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Raymond James upped their price objective on Flywire from $23.00 to $27.00 and gave the company a “strong-buy” rating in a report on Friday, November 8th. The Goldman Sachs Group upped their price objective on Flywire from $22.00 to $27.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Flywire from $23.00 to $26.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Flywire has an average rating of “Moderate Buy” and an average target price of $25.38.

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.