Flywire Co. (NASDAQ:FLYW) Shares Purchased by Peregrine Capital Management LLC

Peregrine Capital Management LLC raised its holdings in Flywire Co. (NASDAQ:FLYW) by 20.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 490,749 shares of the company’s stock after purchasing an additional 84,040 shares during the quarter. Peregrine Capital Management LLC owned 0.39% of Flywire worth $10,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Flywire in the third quarter worth $149,000. Creative Planning lifted its stake in shares of Flywire by 36.5% in the third quarter. Creative Planning now owns 29,685 shares of the company’s stock valued at $487,000 after purchasing an additional 7,940 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Flywire during the third quarter worth about $4,843,000. Values First Advisors Inc. grew its position in Flywire by 13.6% during the third quarter. Values First Advisors Inc. now owns 31,747 shares of the company’s stock worth $520,000 after buying an additional 3,805 shares during the period. Finally, Harbor Capital Advisors Inc. increased its holdings in Flywire by 87.7% in the third quarter. Harbor Capital Advisors Inc. now owns 223,244 shares of the company’s stock valued at $3,659,000 after buying an additional 104,336 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Seaport Res Ptn downgraded Flywire from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lifted their price target on Flywire from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Raymond James increased their price target on shares of Flywire from $23.00 to $27.00 and gave the company a “strong-buy” rating in a research report on Friday, November 8th. The Goldman Sachs Group lifted their price objective on Flywire from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Citigroup lowered their target price on Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.38.

Flywire Stock Down 2.4 %

NASDAQ:FLYW opened at $19.51 on Tuesday. Flywire Co. has a fifty-two week low of $15.19 and a fifty-two week high of $31.54. The firm’s 50 day moving average is $19.86 and its two-hundred day moving average is $18.98. The company has a market cap of $2.43 billion, a P/E ratio of 130.07, a P/E/G ratio of 1.52 and a beta of 1.08.

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.