Y Intercept Hong Kong Ltd raised its stake in Flywire Corporation (NASDAQ:FLYW – Free Report) by 18.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,621 shares of the company’s stock after buying an additional 21,293 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.11% of Flywire worth $1,598,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its holdings in shares of Flywire by 194.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock worth $38,000 after acquiring an additional 2,167 shares during the last quarter. CWM LLC raised its position in Flywire by 850.9% in the second quarter. CWM LLC now owns 6,447 shares of the company’s stock valued at $75,000 after purchasing an additional 5,769 shares during the period. JT Stratford LLC acquired a new position in Flywire during the first quarter worth $109,000. Dakota Wealth Management boosted its position in shares of Flywire by 8.7% during the first quarter. Dakota Wealth Management now owns 13,334 shares of the company’s stock worth $127,000 after buying an additional 1,066 shares during the period. Finally, AE Wealth Management LLC purchased a new position in shares of Flywire during the first quarter worth $130,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Flywire Stock Up 2.9%
FLYW stock opened at $13.32 on Friday. The company’s 50 day moving average price is $13.22 and its 200 day moving average price is $11.74. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 266.40, a PEG ratio of 3.47 and a beta of 1.29. Flywire Corporation has a fifty-two week low of $8.20 and a fifty-two week high of $23.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.87 and a current ratio of 1.87.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on FLYW. Stephens reissued an “equal weight” rating and set a $13.00 target price on shares of Flywire in a research note on Monday, September 22nd. Wolfe Research upgraded shares of Flywire from a “peer perform” rating to an “outperform” rating and set a $16.00 price target on the stock in a research note on Wednesday, October 22nd. Truist Financial raised their price objective on shares of Flywire from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Wall Street Zen raised shares of Flywire from a “sell” rating to a “hold” rating in a research note on Sunday, August 10th. Finally, UBS Group raised their price target on shares of Flywire from $11.50 to $13.50 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.04.
Read Our Latest Analysis on FLYW
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.
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