Readystate Asset Management LP Decreases Stock Holdings in Flywire Co. (NASDAQ:FLYW)

Readystate Asset Management LP trimmed its holdings in Flywire Co. (NASDAQ:FLYW) by 23.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 798,696 shares of the company’s stock after selling 240,504 shares during the quarter. Readystate Asset Management LP owned about 0.64% of Flywire worth $13,091,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Dakota Wealth Management purchased a new stake in shares of Flywire during the 2nd quarter valued at approximately $199,000. Gilliland Jeter Wealth Management LLC raised its position in shares of Flywire by 104.3% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 11,801 shares of the company’s stock valued at $193,000 after buying an additional 6,025 shares during the period. Bank of New York Mellon Corp raised its position in shares of Flywire by 7.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,445,629 shares of the company’s stock valued at $23,694,000 after buying an additional 97,412 shares during the period. RiverPark Advisors LLC raised its position in shares of Flywire by 9.6% during the 2nd quarter. RiverPark Advisors LLC now owns 16,142 shares of the company’s stock valued at $265,000 after buying an additional 1,416 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Flywire by 7.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,506 shares of the company’s stock valued at $418,000 after buying an additional 1,718 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on FLYW shares. B. Riley reaffirmed a “buy” rating and set a $30.00 price target on shares of Flywire in a research report on Wednesday, October 2nd. Royal Bank of Canada dropped their target price on shares of Flywire from $34.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company downgraded shares of Flywire from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $20.00 to $18.00 in a report on Friday, October 11th. Citigroup dropped their target price on shares of Flywire from $27.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group lifted their target price on shares of Flywire from $22.00 to $27.00 and gave the company a “buy” rating in a report on Monday. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Flywire presently has a consensus rating of “Moderate Buy” and an average price target of $25.29.

Flywire Stock Down 2.9 %

NASDAQ:FLYW opened at $22.05 on Thursday. The company has a fifty day simple moving average of $18.96 and a two-hundred day simple moving average of $17.88. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 147.00, a price-to-earnings-growth ratio of 3.79 and a beta of 1.08. Flywire Co. has a 52 week low of $15.19 and a 52 week high of $31.54.

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.