Flywire (NASDAQ:FLYW) Major Shareholder Buys $640,221.93 in Stock

Flywire Corporation (NASDAQ:FLYW) major shareholder Voss Capital, Lp purchased 44,991 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average price of $14.23 per share, for a total transaction of $640,221.93. Following the acquisition, the insider directly owned 9,670,000 shares of the company’s stock, valued at $137,604,100. This trade represents a 0.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% 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 Tuesday, December 30th, Voss Capital, Lp acquired 181,121 shares of Flywire stock. The stock was purchased at an average cost of $14.15 per share, with a total value of $2,562,862.15.

Flywire Price Performance

Shares of NASDAQ:FLYW opened at $14.62 on Friday. The company’s fifty day moving average is $14.02 and its two-hundred day moving average is $13.01. The company has a market cap of $1.79 billion, a P/E ratio of -730.63, a price-to-earnings-growth ratio of 1.56 and a beta of 1.28. Flywire Corporation has a 12-month low of $8.20 and a 12-month high of $21.31. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.02.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FLYW shares. B. Riley increased their price target on shares of Flywire from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday. Truist Financial increased their target price on shares of Flywire from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. The Goldman Sachs Group boosted their price target on shares of Flywire from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. UBS Group upped their price target on shares of Flywire from $13.50 to $15.50 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Finally, Zacks Research raised Flywire from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.19.

Institutional Investors Weigh In On Flywire

Several institutional investors and hedge funds have recently modified their holdings of FLYW. Covestor Ltd increased its position in Flywire by 217.9% during the third quarter. Covestor Ltd now owns 3,233 shares of the company’s stock worth $43,000 after buying an additional 2,216 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Flywire by 194.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock worth $38,000 after acquiring an additional 2,167 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Flywire during the 3rd quarter valued at about $67,000. Daiwa Securities Group Inc. raised its stake in shares of Flywire by 78.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock valued at $66,000 after acquiring an additional 2,497 shares in the last quarter. Finally, CWM LLC lifted its holdings in Flywire by 850.9% in the 2nd 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 last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Flywire Company Profile

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.