Flywire (NASDAQ:FLYW) Major Shareholder Sells $471,500.00 in Stock

Flywire Corporation (NASDAQ:FLYW) major shareholder Voss Capital, Lp sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $18.86, for a total value of $471,500.00. Following the sale, the insider owned 11,500,000 shares in the company, valued at approximately $216,890,000. The trade was a 0.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, August 18th, Voss Capital, Lp sold 79,500 shares of Flywire stock. The stock was sold at an average price of $18.34, for a total value of $1,458,030.00.

Flywire Stock Up 4.2%

NASDAQ FLYW opened at $19.54 on Friday. The stock has a market cap of $2.38 billion, a PE ratio of 75.16, a P/E/G ratio of 1.25 and a beta of 1.34. Flywire Corporation has a fifty-two week low of $10.55 and a fifty-two week high of $19.59. The business has a 50 day moving average price of $17.40 and a two-hundred day moving average price of $14.73.

Flywire (NASDAQ:FLYW) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $163.80 million during the quarter, compared to analyst estimates of $156.47 million. Flywire had a net margin of 4.77% and a return on equity of 4.08%. The firm’s revenue was up 27.2% compared to the same quarter last year. During the same period last year, the business earned ($0.10) EPS. Sell-side analysts anticipate that Flywire Corporation will post 0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FLYW. JPMorgan Chase & Co. raised shares of Flywire from an “underweight” rating to a “neutral” rating and raised their price target for the company from $14.00 to $16.00 in a report on Thursday, May 21st. BTIG Research reiterated a “buy” rating and issued a $20.00 price objective on shares of Flywire in a report on Tuesday, July 21st. Truist Financial upped their price objective on shares of Flywire from $17.00 to $19.00 and gave the company a “hold” rating in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft upgraded Flywire to an “outperform” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings cut Flywire from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Flywire has a consensus rating of “Hold” and an average price target of $19.54.

Institutional Trading of Flywire

Several hedge funds and other institutional investors have recently bought and sold shares of FLYW. Essential Partners LLC lifted its holdings in Flywire by 219.1% during the 1st quarter. Essential Partners LLC now owns 2,288 shares of the company’s stock worth $27,000 after buying an additional 1,571 shares during the last quarter. Nykredit A S acquired a new position in shares of Flywire in the 2nd quarter worth approximately $29,000. Global Retirement Partners LLC bought a new stake in shares of Flywire in the 4th quarter valued at approximately $32,000. KBC Group NV bought a new stake in shares of Flywire in the 1st quarter valued at approximately $38,000. Finally, Leonteq Securities AG increased its holdings in shares of Flywire by 267.6% in the 1st quarter. Leonteq Securities AG now owns 3,540 shares of the company’s stock valued at $41,000 after acquiring an additional 2,577 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

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.