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

Flywire (NASDAQ:FLYW) had its price target decreased by Citigroup from $27.00 to $26.00 in a research report released on Tuesday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Flywire from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $25.00 price objective on shares of Flywire in a research note on Thursday, January 9th. The Goldman Sachs Group increased their target price on shares of Flywire from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Morgan Stanley lifted their price target on shares of Flywire from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, Raymond James increased 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. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Flywire presently has an average rating of “Moderate Buy” and an average price target of $25.36.

Flywire Trading Up 0.1 %

FLYW opened at $19.03 on Tuesday. The firm’s 50 day simple moving average is $20.94 and its two-hundred day simple moving average is $18.59. The company has a market capitalization of $2.37 billion, a PE ratio of 126.87, a PEG ratio of 3.03 and a beta of 1.10. Flywire has a 1-year low of $15.19 and a 1-year high of $31.54.

Hedge Funds Weigh In On Flywire

Several large investors have recently modified their holdings of FLYW. Advisors Asset Management Inc. lifted its position in Flywire by 15.4% in the third quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company’s stock worth $66,000 after buying an additional 539 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Flywire by 3.1% in the 2nd quarter. Arizona State Retirement System now owns 30,475 shares of the company’s stock worth $499,000 after acquiring an additional 908 shares during the last quarter. Bullseye Asset Management LLC boosted its stake in shares of Flywire by 0.7% during the 3rd quarter. Bullseye Asset Management LLC now owns 146,846 shares of the company’s stock worth $2,407,000 after purchasing an additional 1,000 shares during the period. Truist Financial Corp grew its holdings in Flywire by 6.2% during the 2nd quarter. Truist Financial Corp now owns 19,434 shares of the company’s stock valued at $319,000 after purchasing an additional 1,128 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in Flywire by 7.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 21,295 shares of the company’s stock valued at $349,000 after purchasing an additional 1,411 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

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.