Avior Wealth Management LLC Reduces Stock Holdings in Flywire Co. (NASDAQ:FLYW)

Avior Wealth Management LLC reduced its holdings in Flywire Co. (NASDAQ:FLYW) by 7.8% during the 4th quarter, Holdings Channel reports. The fund owned 21,813 shares of the company’s stock after selling 1,834 shares during the period. Avior Wealth Management LLC’s holdings in Flywire were worth $450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in FLYW. Westfield Capital Management Co. LP boosted its holdings in shares of Flywire by 19.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,226,912 shares of the company’s stock valued at $102,059,000 after acquiring an additional 1,006,516 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Flywire during the second quarter worth $12,642,000. Squarepoint Ops LLC purchased a new stake in Flywire during the second quarter worth $6,886,000. Invenomic Capital Management LP boosted its holdings in Flywire by 100.6% during the third quarter. Invenomic Capital Management LP now owns 680,668 shares of the company’s stock worth $11,156,000 after buying an additional 341,411 shares in the last quarter. Finally, FMR LLC boosted its holdings in Flywire by 3.6% during the third quarter. FMR LLC now owns 9,408,098 shares of the company’s stock worth $154,199,000 after buying an additional 326,120 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FLYW has been the topic of a number of recent analyst reports. B. Riley reissued a “buy” rating and set a $30.00 price target on shares of Flywire in a report on Wednesday, October 2nd. Wells Fargo & Company downgraded shares of Flywire from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $20.00 to $18.00 in a report on Friday, October 11th. The Goldman Sachs Group increased their price target on shares of Flywire from $22.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Flywire in a report on Thursday, January 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Flywire from $23.00 to $26.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Flywire currently has a consensus rating of “Moderate Buy” and an average target price of $25.38.

Flywire Stock Up 4.0 %

Shares of NASDAQ FLYW opened at $19.17 on Monday. The firm has a 50-day simple moving average of $20.69 and a 200-day simple moving average of $18.78. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 127.80, a price-to-earnings-growth ratio of 1.42 and a beta of 1.10. Flywire Co. has a 52 week low of $15.19 and a 52 week high of $31.54.

Flywire (NASDAQ:FLYW) last issued its earnings results on Thursday, November 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.16. Flywire had a net margin of 4.23% and a return on equity of 2.49%. The business had revenue of $156.82 million during the quarter, compared to analysts’ expectations of $146.44 million. During the same period in the prior year, the business earned $0.08 earnings per share. As a group, equities research analysts expect that Flywire Co. will post 0.14 EPS for the current year.

Flywire 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.