Universal Beteiligungs und Servicegesellschaft mbH Invests $589,000 in Flywire Corporation $FLYW

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Flywire Corporation (NASDAQ:FLYW) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 43,480 shares of the company’s stock, valued at approximately $589,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FLYW. Voss Capital LP increased its holdings in shares of Flywire by 176.0% during the second quarter. Voss Capital LP now owns 8,100,000 shares of the company’s stock worth $94,770,000 after buying an additional 5,165,014 shares in the last quarter. Divisadero Street Capital Management LP boosted its holdings in shares of Flywire by 178.0% in the 2nd quarter. Divisadero Street Capital Management LP now owns 4,784,654 shares of the company’s stock worth $55,980,000 after acquiring an additional 3,063,518 shares in the last quarter. Azora Capital LP bought a new stake in Flywire during the 2nd quarter worth approximately $33,355,000. M&G PLC acquired a new stake in Flywire during the 2nd quarter valued at $12,677,000. Finally, Ameriprise Financial Inc. raised its position in Flywire by 430.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,289,540 shares of the company’s stock valued at $15,088,000 after purchasing an additional 1,046,544 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Flywire

In other news, Director Phillip John Riese sold 16,612 shares of the stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $15.08, for a total value of $250,508.96. Following the transaction, the director owned 234,493 shares of the company’s stock, valued at $3,536,154.44. This represents a 6.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Voss Capital, Lp purchased 181,121 shares of Flywire stock in a transaction dated Tuesday, December 30th. The stock was bought at an average price of $14.15 per share, for a total transaction of $2,562,862.15. Following the completion of the transaction, the insider directly owned 9,625,009 shares in the company, valued at $136,193,877.35. The trade was a 1.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 39,526 shares of company stock valued at $583,717. 4.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on FLYW. Wolfe Research restated an “outperform” rating and set a $19.00 target price on shares of Flywire in a report on Wednesday, November 5th. The Goldman Sachs Group upped their price target on shares of Flywire from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Truist Financial set a $17.00 price objective on shares of Flywire in a research report on Tuesday, January 20th. Citigroup upgraded shares of Flywire to a “hold” rating in a research report on Thursday, October 23rd. Finally, UBS Group increased their price target on shares of Flywire from $13.50 to $15.50 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Flywire has an average rating of “Hold” and a consensus price target of $15.73.

Flywire Stock Performance

Shares of NASDAQ:FLYW opened at $12.58 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02. Flywire Corporation has a 1-year low of $8.20 and a 1-year high of $21.31. The stock has a market capitalization of $1.54 billion, a P/E ratio of -628.69, a P/E/G ratio of 1.42 and a beta of 1.28. The business has a 50-day moving average price of $14.02 and a two-hundred day moving average price of $13.26.

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

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.