Flywire Co. (NASDAQ:FLYW) Shares Acquired by Olympiad Research LP

Olympiad Research LP lifted its position in shares of Flywire Co. (NASDAQ:FLYW) by 35.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,014 shares of the company’s stock after acquiring an additional 4,460 shares during the quarter. Olympiad Research LP’s holdings in Flywire were worth $351,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FLYW. Global Retirement Partners LLC acquired a new position in shares of Flywire during the fourth quarter worth about $30,000. Arcadia Investment Management Corp MI acquired a new position in shares of Flywire during the fourth quarter worth about $48,000. Advisors Asset Management Inc. grew its position in Flywire by 15.4% during 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 period. KBC Group NV grew its position in Flywire by 64.0% during the fourth quarter. KBC Group NV now owns 4,899 shares of the company’s stock worth $101,000 after buying an additional 1,911 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in Flywire during the fourth quarter worth about $104,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Flywire Stock Performance

Shares of FLYW opened at $17.64 on Friday. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 117.57, a PEG ratio of 1.41 and a beta of 1.08. The company’s 50 day simple moving average is $19.74 and its 200 day simple moving average is $18.99. Flywire Co. has a 1 year low of $15.19 and a 1 year high of $31.54.

Analysts Set New Price Targets

Several brokerages have weighed in on FLYW. Deutsche Bank Aktiengesellschaft upped their target price on shares of Flywire from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. The Goldman Sachs Group upped their target price on shares of Flywire from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Raymond James upped their target price on shares of Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 8th. Seaport Res Ptn lowered shares of Flywire from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Citigroup lowered their target price on shares of Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Flywire presently has an average rating of “Moderate Buy” and an average target price of $25.38.

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.