Fintel reports that on March 1, 2024, Morgan Stanley downgraded their outlook for Flywire (NasdaqGS:FLYW) from Overweight to Equal-Weight .
Analyst Price Forecast Suggests 12.14% Upside
As of February 24, 2024, the average one-year price target for Flywire is 31.68. The forecasts range from a low of 25.25 to a high of $39.90. The average price target represents an increase of 12.14% from its latest reported closing price of 28.25.
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The projected annual revenue for Flywire is 467MM, an increase of 15.73%. The projected annual non-GAAP EPS is 0.07.
What is the Fund Sentiment?
There are 545 funds or institutions reporting positions in Flywire. This is an increase of 6 owner(s) or 1.11% in the last quarter. Average portfolio weight of all funds dedicated to FLYW is 0.26%, a decrease of 27.48%. Total shares owned by institutions increased in the last three months by 3.40% to 152,440K shares. 
The put/call ratio of FLYW is 0.26, indicating a bullish outlook.
What are Other Shareholders Doing?
Temasek Holdings holds 10,636K shares representing 8.66% ownership of the company. No change in the last quarter.
Alliancebernstein holds 5,059K shares representing 4.12% ownership of the company. In it's prior filing, the firm reported owning 5,680K shares, representing a decrease of 12.26%. The firm decreased its portfolio allocation in FLYW by 41.50% over the last quarter.
William Blair Investment Management holds 4,793K shares representing 3.90% ownership of the company. In it's prior filing, the firm reported owning 3,146K shares, representing an increase of 34.35%. The firm decreased its portfolio allocation in FLYW by 3.17% over the last quarter.
Westfield Capital Management Co holds 4,387K shares representing 3.57% ownership of the company. In it's prior filing, the firm reported owning 3,514K shares, representing an increase of 19.89%. The firm decreased its portfolio allocation in FLYW by 22.46% over the last quarter.
Eventide Asset Management holds 4,203K shares representing 3.42% ownership of the company. In it's prior filing, the firm reported owning 4,071K shares, representing an increase of 3.14%. The firm decreased its portfolio allocation in FLYW by 31.95% 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.
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This story originally appeared on Fintel.
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