Analysts Set Flywire Co. (NASDAQ:FLYW) PT at $25.38

Flywire Co. (NASDAQ:FLYW) has received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five research 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. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $25.38.

A number of equities research analysts have recently commented on the company. Morgan Stanley increased their target price 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 reissued an “outperform” rating and set a $25.00 price objective on shares of Flywire in a research report on Thursday, January 9th. Seaport Res Ptn cut shares of Flywire from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Raymond James increased their price target on shares of Flywire from $23.00 to $27.00 and gave the company a “strong-buy” rating in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Flywire from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, December 2nd.

Flywire Price Performance

NASDAQ:FLYW opened at $20.40 on Wednesday. The firm has a market capitalization of $2.54 billion, a P/E ratio of 136.00, a PEG ratio of 1.52 and a beta of 1.08. Flywire has a one year low of $15.19 and a one year high of $31.54. The company’s 50-day simple moving average is $20.09 and its 200 day simple moving average is $18.90.

Flywire (NASDAQ:FLYW) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.16. The company had revenue of $156.82 million for the quarter, compared to the consensus estimate of $146.44 million. Flywire had a return on equity of 2.49% and a net margin of 4.23%. During the same quarter in the prior year, the business posted $0.08 EPS. On average, equities research analysts expect that Flywire will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in Flywire in the fourth quarter worth about $35,579,000. Jennison Associates LLC lifted its holdings in Flywire by 53.0% during the fourth quarter. Jennison Associates LLC now owns 3,406,312 shares of the company’s stock valued at $70,238,000 after purchasing an additional 1,179,562 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in shares of Flywire by 19.3% in the third quarter. Westfield Capital Management Co. LP now owns 6,226,912 shares of the company’s stock worth $102,059,000 after purchasing an additional 1,006,516 shares during the period. Victory Capital Management Inc. increased its stake in shares of Flywire by 73.8% in the fourth quarter. Victory Capital Management Inc. now owns 806,257 shares of the company’s stock worth $16,625,000 after purchasing an additional 342,245 shares in the last quarter. Finally, Invenomic Capital Management LP increased its stake in shares of Flywire by 100.6% in the third quarter. Invenomic Capital Management LP now owns 680,668 shares of the company’s stock worth $11,156,000 after purchasing an additional 341,411 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

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.