12 Best Small Cap Tech Stocks to Buy According to Hedge Funds 

7. Flywire Corporation (NASDAQ:FLYW)

Number of Hedge Fund Holders: 32

Flywire Corporation (NASDAQ:FLYW) is one of the best small cap tech stocks to buy according to hedge funds. JPMorgan upgraded Flywire Corporation (NASDAQ:FLYW) to Neutral from Underweight on May 21, lifting the price target on the company to $16 from $14. It told investors in a research note that the company’s execution on re-mixing the business makes it less vulnerable to negative earnings revision risk. The firm also believes that Flywire Corporation (NASDAQ:FLYW) has reset expectations, creating “far less” downside risk relative to a year ago with upside potential from its recent deals and pipeline. It added that the travel trends remain positive, with no notable impact from the Middle East conflict.

Flywire Corporation (NASDAQ:FLYW) also received a rating update from Truist on May 19. The firm lifted the price target on the stock to $18 from $16 and maintained a Buy rating on the shares. It told investors in a research note that after the company’s 9% point organic revenue beat and corresponding guidance raise, the firm is raising its top-line estimates by 2-3 points to take into account stronger trends in the education and travel verticals.

Flywire Corporation (NASDAQ:FLYW) is a payments enablement and software company that combines its global payments network, payments platform, and vertical-specific software to deliver important and complex payments for its clients and their customers.