Flywire Co. (NASDAQ:FLYW) Receives Consensus Rating of “Moderate Buy” from Analysts

Flywire Co. (NASDAQ:FLYW) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $24.86.

FLYW has been the topic of several research reports. Deutsche Bank Aktiengesellschaft decreased their target price on Flywire from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. B. Riley reiterated a “buy” rating and set a $30.00 price objective on shares of Flywire in a research report on Wednesday, October 2nd. Morgan Stanley boosted their target price on shares of Flywire from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Raymond James lifted their price objective on shares of Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Flywire from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th.

Insiders Place Their Bets

In related news, CTO David R. King sold 3,504 shares of Flywire stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $17.31, for a total transaction of $60,654.24. Following the sale, the chief technology officer now directly owns 616,680 shares of the company’s stock, valued at approximately $10,674,730.80. The trade was a 0.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Rob Orgel sold 3,824 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $17.31, for a total transaction of $66,193.44. Following the sale, the chief operating officer now directly owns 473,648 shares in the company, valued at approximately $8,198,846.88. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,966 shares of company stock valued at $480,143. 3.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Flywire

Several large investors have recently bought and sold shares of FLYW. Vanguard Group Inc. raised its holdings in Flywire by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 10,861,990 shares of the company’s stock valued at $269,486,000 after buying an additional 100,704 shares during the last quarter. Natixis lifted its holdings in shares of Flywire by 657.6% during the first quarter. Natixis now owns 75,000 shares of the company’s stock worth $1,861,000 after purchasing an additional 65,100 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Flywire by 45.6% in the first quarter. Advisors Asset Management Inc. now owns 3,044 shares of the company’s stock worth $76,000 after purchasing an additional 954 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in Flywire in the first quarter valued at $358,000. Finally, Ascent Group LLC lifted its holdings in Flywire by 10.1% during the 1st quarter. Ascent Group LLC now owns 14,165 shares of the company’s stock worth $351,000 after buying an additional 1,300 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Flywire Stock Performance

Shares of FLYW stock opened at $22.46 on Friday. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 149.73, a PEG ratio of 4.42 and a beta of 0.95. Flywire has a 52 week low of $15.19 and a 52 week high of $31.54. The company has a 50-day simple moving average of $18.22 and a 200 day simple moving average of $17.62.

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.