Blair William & Co. IL reduced its holdings in shares of Flywire Corporation (NASDAQ:FLYW – Free Report) by 88.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,407 shares of the company’s stock after selling 133,682 shares during the quarter. Blair William & Co. IL’s holdings in Flywire were worth $204,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. JT Stratford LLC acquired a new position in Flywire in the first quarter valued at approximately $109,000. Dakota Wealth Management lifted its position in shares of Flywire by 8.7% during the 1st 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 last quarter. AE Wealth Management LLC acquired a new position in shares of Flywire in the 1st quarter valued at $130,000. Fox Run Management L.L.C. acquired a new position in shares of Flywire in the 1st quarter valued at $153,000. Finally, State of Wyoming grew its position in shares of Flywire by 62.9% in the 1st quarter. State of Wyoming now owns 17,820 shares of the company’s stock valued at $169,000 after buying an additional 6,881 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.
Flywire Stock Performance
Shares of FLYW stock opened at $12.95 on Monday. The stock has a market capitalization of $1.58 billion, a PE ratio of 259.00, a price-to-earnings-growth ratio of 3.42 and a beta of 1.29. Flywire Corporation has a 52-week low of $8.20 and a 52-week high of $23.40. The stock’s 50-day moving average price is $12.98 and its 200 day moving average price is $11.42. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.08.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on FLYW shares. UBS Group boosted 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. Deutsche Bank Aktiengesellschaft began coverage on Flywire in a report on Thursday, July 17th. They issued a “hold” rating and a $12.00 target price for the company. B. Riley decreased their target price on Flywire from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, June 23rd. Stephens reaffirmed an “equal weight” rating and set a $13.00 price target on shares of Flywire in a research report on Monday, September 22nd. Finally, Wall Street Zen raised Flywire from a “sell” rating to a “hold” rating in a report on Sunday, August 10th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.54.
Check Out Our Latest Stock Report on Flywire
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.
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