Fintel reports that on September 28, 2023, BTIG initiated coverage of Flywire (NASDAQ:FLYW) with a Buy recommendation.
Analyst Price Forecast Suggests 26.07% Upside
As of August 31, 2023, the average one-year price target for Flywire is 39.69. The forecasts range from a low of 32.32 to a high of $46.20. The average price target represents an increase of 26.07% from its latest reported closing price of 31.48.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Flywire is 361MM, an increase of 3.95%. The projected annual non-GAAP EPS is -0.09.
What is the Fund Sentiment?
There are 525 funds or institutions reporting positions in Flywire. This is an increase of 72 owner(s) or 15.89% in the last quarter. Average portfolio weight of all funds dedicated to FLYW is 0.30%, a decrease of 25.83%. Total shares owned by institutions increased in the last three months by 8.43% to 128,294K shares. 
The put/call ratio of FLYW is 0.13, indicating a bullish outlook.
What are Other Shareholders Doing?
Temasek Holdings holds 10,636K shares representing 8.81% ownership of the company. No change in the last quarter.
Alliancebernstein holds 5,414K shares representing 4.49% ownership of the company. In it's prior filing, the firm reported owning 5,732K shares, representing a decrease of 5.87%. The firm decreased its portfolio allocation in FLYW by 4.82% over the last quarter.
Eventide Asset Management holds 4,069K shares representing 3.37% ownership of the company. In it's prior filing, the firm reported owning 4,025K shares, representing an increase of 1.07%. The firm decreased its portfolio allocation in FLYW by 1.56% over the last quarter.
ETGLX - Eventide Gilead Fund Class N holds 3,777K shares representing 3.13% ownership of the company. No change in the last quarter.
Fred Alger Management holds 3,371K shares representing 2.79% ownership of the company. In it's prior filing, the firm reported owning 2,457K shares, representing an increase of 27.12%. The firm increased its portfolio allocation in FLYW by 47.47% over the last quarter.
Flywire Background Information
(This description is provided by the company.)
Flywire is a global payments enablement and software company. Flywire combines its proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for clients and their customers. Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, so organizations can optimize the payment experience for their customers while eliminating operational challenges. Flywire supports 2,250+ clients with diverse payment methods in more than 130 currencies across 240 countries and territories around the world. The company is headquartered in Boston, MA, USA with global offices.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
