AtonRa Partners Has $254,000 Stock Position in Flywire Co. (NASDAQ:FLYW)

AtonRa Partners decreased its holdings in Flywire Co. (NASDAQ:FLYW) by 15.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,985 shares of the company’s stock after selling 2,010 shares during the period. AtonRa Partners’ holdings in Flywire were worth $254,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. RiverPark Advisors LLC raised its stake in Flywire by 22.6% in the 4th quarter. RiverPark Advisors LLC now owns 3,195 shares of the company’s stock valued at $74,000 after acquiring an additional 589 shares during the period. Handelsinvest Investeringsforvaltning acquired a new position in shares of Flywire in the fourth quarter valued at $176,000. OneAscent Financial Services LLC acquired a new position in shares of Flywire in the fourth quarter valued at $212,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of Flywire in the third quarter valued at about $224,000. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Flywire during the 4th quarter worth about $276,000. 95.90% of the stock is currently owned by institutional investors.

Flywire Price Performance

NASDAQ:FLYW traded down $0.29 during mid-day trading on Tuesday, reaching $20.37. The stock had a trading volume of 286,536 shares, compared to its average volume of 1,476,298. Flywire Co. has a 12 month low of $18.65 and a 12 month high of $35.80. The stock has a market capitalization of $2.50 billion, a PE ratio of -229.53, a P/E/G ratio of 7.82 and a beta of 1.02. The stock has a 50-day simple moving average of $23.96 and a two-hundred day simple moving average of $23.52.

Flywire (NASDAQ:FLYW) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. Flywire had a negative return on equity of 1.35% and a negative net margin of 2.13%. The company had revenue of $100.55 million for the quarter, compared to analyst estimates of $88.52 million. During the same quarter last year, the company posted ($0.01) EPS. The company’s revenue for the quarter was up 37.6% compared to the same quarter last year. Equities analysts expect that Flywire Co. will post 0.05 EPS for the current year.

Insider Buying and Selling at Flywire

In other news, CTO David R. King sold 9,366 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $27.30, for a total value of $255,691.80. Following the completion of the transaction, the chief technology officer now owns 621,568 shares of the company’s stock, valued at $16,968,806.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Flywire news, CEO Michael Massaro sold 13,043 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $24.07, for a total value of $313,945.01. Following the completion of the transaction, the chief executive officer now directly owns 1,655,673 shares in the company, valued at $39,852,049.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO David R. King sold 9,366 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $27.30, for a total value of $255,691.80. Following the sale, the chief technology officer now owns 621,568 shares in the company, valued at $16,968,806.40. The disclosure for this sale can be found here. Insiders have sold a total of 141,800 shares of company stock worth $3,743,582 over the last 90 days. Insiders own 5.00% of the company’s stock.

Analyst Upgrades and Downgrades

FLYW has been the topic of several research analyst reports. William Blair reissued an “outperform” rating on shares of Flywire in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on Flywire in a report on Tuesday, February 6th. They set a “buy” rating and a $27.00 price target for the company. Truist Financial increased their price objective on Flywire from $30.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. lifted their target price on Flywire from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Morgan Stanley downgraded shares of Flywire from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $27.00 to $30.00 in a research note on Friday, March 1st. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Flywire currently has an average rating of “Moderate Buy” and an average target price of $34.27.

About Flywire

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.