Key Points
- Voss Capital purchased 44,991 Flywire shares on Dec. 31 at $14.23 for $640,221.93 and had bought 181,121 shares on Dec. 30 at $14.15, totaling ~226,112 shares (~$3.20M) and increasing its direct stake to 9.67M shares (a 0.47% boost), as disclosed in an SEC filing.
- Flywire shares trade near $14.50 with a 1‑year range of $8.20–$21.31 and a market cap of ~$1.77B; the company recently beat quarterly EPS and revenue estimates (EPS $0.23 vs. $0.19; revenue $194.1M, +27.6% YoY) while analysts hold a consensus "Hold" rating and $14.81 price target.
Flywire Corporation (NASDAQ:FLYW - Get Free Report) major shareholder Voss Capital, Lp bought 44,991 shares of the company's stock in a transaction that occurred on Wednesday, December 31st. The stock was bought at an average cost of $14.23 per share, for a total transaction of $640,221.93. Following the completion of the transaction, the insider directly owned 9,670,000 shares in the company, valued at approximately $137,604,100. The trade was a 0.47% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more 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, December 30th, Voss Capital, Lp purchased 181,121 shares of Flywire stock. The stock was bought at an average cost of $14.15 per share, with a total value of $2,562,862.15.
Flywire Stock Performance
Shares of FLYW stock opened at $14.50 on Thursday. The stock's 50-day moving average is $13.97 and its two-hundred day moving average is $12.98. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.53 and a current ratio of 1.53. Flywire Corporation has a 1 year low of $8.20 and a 1 year high of $21.31. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -724.64, a PEG ratio of 1.58 and a beta of 1.28.
Flywire (NASDAQ:FLYW - Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. The firm 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%.The business's revenue was up 27.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. Analysts predict that Flywire Corporation will post 0.14 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of FLYW. AQR Capital Management LLC purchased a new stake in shares of Flywire during the 1st quarter worth $271,000. Millennium Management LLC boosted its holdings in Flywire by 15.1% during the first quarter. Millennium Management LLC now owns 1,330,971 shares of the company's stock worth $12,644,000 after buying an additional 175,007 shares in the last quarter. Petrus Trust Company LTA grew its position in Flywire by 91.6% during the first quarter. Petrus Trust Company LTA now owns 24,151 shares of the company's stock worth $229,000 after buying an additional 11,546 shares during the period. Goldman Sachs Group Inc. increased its holdings in Flywire by 14.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,241,226 shares of the company's stock valued at $11,792,000 after buying an additional 159,239 shares in the last quarter. Finally, Caxton Associates LLP acquired a new stake in shares of Flywire during the 1st quarter valued at approximately $393,000. Hedge funds and other institutional investors own 95.90% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Truist Financial increased their price target 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. Stephens reiterated an "equal weight" rating and set a $13.00 target price on shares of Flywire in a research note on Monday, September 22nd. Wolfe Research restated an "outperform" rating and issued a $19.00 price target on shares of Flywire in a research report on Wednesday, November 5th. Citigroup raised Flywire to a "hold" rating in a research report on Thursday, October 23rd. Finally, Zacks Research upgraded Flywire from a "strong sell" rating to a "hold" rating in a research note on Wednesday, November 19th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $14.81.
Get Our Latest Analysis on Flywire
About Flywire
(
Get Free Report)
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.
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