Voss Capital, Lp Purchases 181,121 Shares of Flywire (NASDAQ:FLYW) Stock

Flywire Corporation (NASDAQ:FLYW) major shareholder Voss Capital, Lp purchased 181,121 shares of Flywire stock in a transaction on Tuesday, December 30th. The stock was bought at an average cost of $14.15 per share, with a total value of $2,562,862.15. Following the transaction, the insider directly owned 9,625,009 shares of the company’s stock, valued at approximately $136,193,877.35. The trade was a 1.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Voss Capital, Lp also recently made the following trade(s):

• On Wednesday, December 31st, Voss Capital, Lp acquired 44,991 shares of Flywire stock. The stock was bought at an average cost of $14.23 per share, for a total transaction of $640,221.93.

Flywire Stock Down 0.3%

FLYW opened at $14.46 on Friday. The firm has a market cap of $1.77 billion, a P/E ratio of -722.64, a price-to-earnings-growth ratio of 1.56 and a beta of 1.28. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.53 and a current ratio of 1.53. The business has a 50 day moving average price of $14.00 and a 200 day moving average price of $12.99. Flywire Corporation has a twelve month low of $8.20 and a twelve month high of $21.31.

Flywire (NASDAQ:FLYW) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Flywire had a negative net margin of 0.42% and a positive return on equity of 0.80%. The company had revenue of $194.10 million for the quarter, compared to analyst estimates of $180.07 million. During the same quarter last year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 27.6% compared to the same quarter last year. Research analysts forecast that Flywire Corporation will post 0.14 EPS for the current year.

Wall Street Analyst Weigh In

FLYW has been the subject of a number of recent analyst reports. Wolfe Research restated an “outperform” rating and set a $19.00 price target on shares of Flywire in a report on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Flywire in a research note on Wednesday, October 8th. The Goldman Sachs Group increased their target price on Flywire from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Truist Financial raised their target price on Flywire from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $13.00 price target on shares of Flywire in a research report on Monday, September 22nd. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.81.

Institutional Investors Weigh In On Flywire

Institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in Flywire by 194.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock valued at $38,000 after acquiring an additional 2,167 shares in the last quarter. Covestor Ltd increased its position in shares of Flywire by 217.9% during the third quarter. Covestor Ltd now owns 3,233 shares of the company’s stock valued at $43,000 after purchasing an additional 2,216 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Flywire by 78.4% during the second quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock valued at $66,000 after purchasing an additional 2,497 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Flywire in the third quarter valued at $67,000. Finally, CWM LLC lifted its position in Flywire by 850.9% in the second quarter. CWM LLC now owns 6,447 shares of the company’s stock worth $75,000 after purchasing an additional 5,769 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

About Flywire

Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.