Flywire (NASDAQ:FLYW) Major Shareholder Voss Capital, Lp Purchases 181,121 Shares

Flywire Corporation (NASDAQ:FLYW) major shareholder Voss Capital, Lp bought 181,121 shares of Flywire stock in a transaction on Tuesday, December 30th. The shares were purchased at an average cost of $14.15 per share, with a total value of $2,562,862.15. Following the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares 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 purchased 44,991 shares of Flywire stock. The stock was purchased at an average cost of $14.23 per share, for a total transaction of $640,221.93.

Flywire Price Performance

Shares of FLYW traded down $0.20 during trading hours on Wednesday, hitting $14.50. 2,533,209 shares of the stock were exchanged, compared to its average volume of 1,349,102. The stock’s 50-day moving average price is $13.95 and its two-hundred day moving average price is $12.97. Flywire Corporation has a 12-month low of $8.20 and a 12-month high of $21.31. 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 company has a market cap of $1.77 billion, a price-to-earnings ratio of -724.64, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28.

Flywire (NASDAQ:FLYW) last announced its earnings results on Tuesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $180.07 million. During the same quarter in the previous year, the company posted $0.30 EPS. The firm’s quarterly revenue was up 27.6% on a year-over-year basis. Research analysts expect that Flywire Corporation will post 0.14 earnings per share for the current year.

Institutional Investors Weigh In On Flywire

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Truist Financial raised their target price on shares of Flywire from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Flywire in a research report on Wednesday, October 8th. Zacks Research upgraded Flywire from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Wolfe Research reaffirmed an “outperform” rating and issued a $19.00 target price on shares of Flywire in a research note on Wednesday, November 5th. Finally, Citigroup upgraded Flywire to a “hold” rating in a research report on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.81.

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.