Bullseye Asset Management LLC Grows Position in Flywire Co. (NASDAQ:FLYW)

Bullseye Asset Management LLC raised its stake in Flywire Co. (NASDAQ:FLYW) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 146,846 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Bullseye Asset Management LLC owned approximately 0.12% of Flywire worth $2,407,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Quarry LP purchased a new position in shares of Flywire in the second quarter valued at $26,000. Headlands Technologies LLC grew its stake in shares of Flywire by 82.3% in the 2nd quarter. Headlands Technologies LLC now owns 3,343 shares of the company’s stock worth $55,000 after buying an additional 1,509 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Flywire in the 2nd quarter worth about $64,000. Advisors Asset Management Inc. raised its position in shares of Flywire by 15.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company’s stock valued at $66,000 after buying an additional 539 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Flywire in the 3rd quarter valued at about $149,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Raymond James raised their price objective on Flywire from $23.00 to $27.00 and gave the company a “strong-buy” rating in a research note on Friday, November 8th. B. Riley restated a “buy” rating and issued a $30.00 price target on shares of Flywire in a research report on Wednesday, October 2nd. Morgan Stanley lifted their price objective on shares of Flywire from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Wells Fargo & Company downgraded shares of Flywire from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $20.00 to $18.00 in a research note on Friday, October 11th. Finally, The Goldman Sachs Group lifted their price target on shares of Flywire from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $25.29.

Flywire Stock Performance

Shares of NASDAQ:FLYW opened at $20.99 on Tuesday. The firm’s 50 day simple moving average is $19.35 and its 200-day simple moving average is $18.00. Flywire Co. has a one year low of $15.19 and a one year high of $31.54. The firm has a market cap of $2.61 billion, a PE ratio of 139.93, a price-to-earnings-growth ratio of 3.07 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.