Harbor Capital Advisors Inc. Buys 1,531 Shares of Flywire Co. (NASDAQ:FLYW)

Harbor Capital Advisors Inc. increased its position in shares of Flywire Co. (NASDAQ:FLYW) by 0.7% in the 4th quarter, HoldingsChannel reports. The firm owned 224,775 shares of the company’s stock after acquiring an additional 1,531 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Flywire were worth $4,635,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its holdings 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 worth $66,000 after acquiring an additional 539 shares during the period. Arizona State Retirement System raised its position in Flywire by 3.1% during the second quarter. Arizona State Retirement System now owns 30,475 shares of the company’s stock valued at $499,000 after purchasing an additional 908 shares in the last quarter. Bullseye Asset Management LLC lifted its stake in Flywire by 0.7% during the third quarter. Bullseye Asset Management LLC now owns 146,846 shares of the company’s stock worth $2,407,000 after purchasing an additional 1,000 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Flywire by 6.2% in the 2nd quarter. Truist Financial Corp now owns 19,434 shares of the company’s stock valued at $319,000 after purchasing an additional 1,128 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Flywire by 7.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 21,295 shares of the company’s stock valued at $349,000 after purchasing an additional 1,411 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Raymond James upped their price objective on Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a research report on Friday, November 8th. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 price target on shares of Flywire in a research note on Thursday. B. Riley reiterated a “buy” rating and set a $30.00 price objective on shares of Flywire in a research report on Wednesday, October 2nd. Wells Fargo & Company lowered shares of Flywire from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $20.00 to $18.00 in a research report on Friday, October 11th. Finally, Morgan Stanley upped their price target on shares of Flywire from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.29.

Flywire Trading Down 4.9 %

NASDAQ FLYW opened at $17.80 on Friday. The firm has a market capitalization of $2.21 billion, a PE ratio of 118.67, a price-to-earnings-growth ratio of 3.03 and a beta of 1.10. The business’s 50-day moving average price is $20.88 and its two-hundred day moving average price is $18.52. Flywire Co. has a 12 month low of $15.19 and a 12 month high of $31.54.

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.