Flywire (NASDAQ:FLYW) Price Target Lowered to $26.00 at Citigroup

Flywire (NASDAQ:FLYW) had its price target reduced by Citigroup from $27.00 to $26.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. B. Riley restated a “buy” rating and set a $30.00 price target on shares of Flywire in a report on Wednesday, October 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Flywire in a research note on Thursday, January 9th. Raymond James raised their price target on Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a research note on Friday, November 8th. The Goldman Sachs Group lifted their price target on shares of 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 shares of Flywire from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Flywire presently has a consensus rating of “Moderate Buy” and an average target price of $25.36.

Flywire Stock Up 0.1 %

Shares of Flywire stock opened at $19.03 on Tuesday. The company’s fifty day simple moving average is $20.94 and its two-hundred day simple moving average is $18.59. Flywire has a 12-month low of $15.19 and a 12-month high of $31.54. The firm has a market cap of $2.37 billion, a PE ratio of 126.87, a price-to-earnings-growth ratio of 3.03 and a beta of 1.10.

Hedge Funds Weigh In On Flywire

A number of hedge funds have recently bought and sold shares of FLYW. Quarry LP purchased a new stake in shares of Flywire during the 2nd quarter valued at about $26,000. Headlands Technologies LLC boosted its holdings in Flywire by 82.3% in the second quarter. Headlands Technologies LLC now owns 3,343 shares of the company’s stock worth $55,000 after purchasing an additional 1,509 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Flywire in the 2nd quarter worth approximately $64,000. Advisors Asset Management Inc. raised its stake in Flywire by 15.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company’s stock valued at $66,000 after buying an additional 539 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Flywire during the 3rd quarter valued at $149,000. 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.