Key Points
- Voss Capital, LP bought 25,000 shares of Flywire on Feb. 13 at $10.99 each for a total of $274,750, increasing its direct stake to 2,300,000 shares (a 1.10% rise).
- The article highlights ongoing accumulation by Voss—including purchases of 181,121 shares on Dec. 30 and 44,991 on Dec. 31—and earlier filings show the firm boosted its position to roughly 8.1 million shares after a large Q2 buy.
- Shares trade near $11.11 while analysts hold an average "Hold" rating with a consensus price target of $15.73, versus a 52-week range of $8.20–$19.75.
Flywire Corporation (NASDAQ:FLYW - Get Free Report) major shareholder Voss Capital, Lp purchased 25,000 shares of the company's stock in a transaction that occurred on Friday, February 13th. The shares were purchased at an average price of $10.99 per share, for a total transaction of $274,750.00. Following the purchase, the insider directly owned 2,300,000 shares in the company, valued at $25,277,000. The trade was a 1.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 Wednesday, December 31st, Voss Capital, Lp acquired 44,991 shares of Flywire stock. The stock was purchased at an average price of $14.23 per share, with a total value of $640,221.93.
- On Tuesday, December 30th, Voss Capital, Lp bought 181,121 shares of Flywire stock. The stock was acquired at an average cost of $14.15 per share, with a total value of $2,562,862.15.
Flywire Price Performance
Shares of FLYW opened at $11.11 on Thursday. 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 fifty-two week low of $8.20 and a fifty-two week high of $19.75. The firm has a 50-day simple moving average of $13.37 and a 200-day simple moving average of $13.23. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -555.22, a price-to-earnings-growth ratio of 1.22 and a beta of 1.28.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on FLYW. Weiss Ratings reissued a "sell (d)" rating on shares of Flywire in a research note on Thursday, January 22nd. Citigroup raised Flywire to a "hold" rating in a research note on Thursday, October 23rd. Zacks Research raised Flywire from a "strong sell" rating to a "hold" rating in a research note on Wednesday, November 19th. Wolfe Research reaffirmed an "outperform" rating and set a $19.00 price target on shares of Flywire in a research note on Wednesday, November 5th. Finally, UBS Group boosted their target price on Flywire from $13.50 to $15.50 and gave the stock a "neutral" rating in a report on Wednesday, November 5th. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $15.73.
Check Out Our Latest Stock Report on FLYW
Hedge Funds Weigh In On Flywire
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLYW. Voss Capital LP increased its stake 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 valued at $94,770,000 after acquiring an additional 5,165,014 shares during the period. Divisadero Street Capital Management LP grew its stake in Flywire by 178.0% during the 2nd quarter. Divisadero Street Capital Management LP now owns 4,784,654 shares of the company's stock valued at $55,980,000 after acquiring an additional 3,063,518 shares in the last quarter. Mangrove Partners IM LLC acquired a new position in Flywire in the 3rd quarter valued at approximately $39,289,000. Azora Capital LP purchased a new position in Flywire in the second quarter valued at about $33,355,000. Finally, Wellington Management Group LLP increased its holdings in Flywire by 173.3% in the third quarter. Wellington Management Group LLP now owns 3,358,186 shares of the company's stock worth $45,470,000 after buying an additional 2,129,514 shares during the last quarter. 95.90% of the stock is owned by institutional investors.
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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