Key Points
- Voss Capital sold 101,300 Flywire shares at an average price of $19.49, generating approximately $1.97 million and reducing its stake by 21.36% to 372,846 shares. The shareholder also reported several additional Flywire sales in August.
- Flywire recently reported revenue of $163.8 million, up 27.2% year over year and above estimates, but its adjusted earnings loss of $0.07 per share missed the expected $0.02 loss.
- Analyst sentiment is mixed but leans positive: eight analysts rate the stock a Buy, six rate it Hold, and one rates it Sell, with an average price target of $19.85. Institutional investors own approximately 95.9% of Flywire’s shares.
Flywire Corporation (NASDAQ:FLYW - Get Free Report) major shareholder Voss Capital, Lp sold 101,300 shares of the company's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $19.49, for a total value of $1,974,337.00. Following the transaction, the insider owned 372,846 shares of the company's stock, valued at approximately $7,266,768.54. This represents a 21.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Voss Capital, Lp also recently made the following trade(s):
- On Tuesday, August 25th, Voss Capital, Lp sold 172,973 shares of Flywire stock. The stock was sold at an average price of $19.19, for a total value of $3,319,351.87.
- On Wednesday, August 19th, Voss Capital, Lp sold 25,000 shares of Flywire stock. The shares were sold at an average price of $18.86, for a total transaction of $471,500.00.
- On Tuesday, August 18th, Voss Capital, Lp sold 79,500 shares of Flywire stock. The shares were sold at an average price of $18.34, for a total transaction of $1,458,030.00.
Flywire Trading Down 1.9%
Shares of NASDAQ FLYW opened at $18.84 on Thursday. The firm has a fifty day simple moving average of $17.61 and a two-hundred day simple moving average of $14.92. Flywire Corporation has a 12 month low of $10.55 and a 12 month high of $19.73. The firm has a market capitalization of $2.29 billion, a PE ratio of 72.46, a price-to-earnings-growth ratio of 1.23 and a beta of 1.34.
Flywire (NASDAQ:FLYW - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.05). The company had revenue of $163.80 million for the quarter, compared to the consensus estimate of $156.47 million. Flywire had a net margin of 4.77% and a return on equity of 4.08%. The company's revenue for the quarter was up 27.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.10) EPS. On average, sell-side analysts predict that Flywire Corporation will post 0.4 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Wolfe Research raised their price objective on shares of Flywire from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded Flywire to an "outperform" rating in a report on Wednesday, May 27th. Truist Financial raised their target price on Flywire from $17.00 to $19.00 and gave the company a "hold" rating in a research note on Friday, August 14th. Seaport Research Partners restated a "buy" rating and set a $22.00 price target on shares of Flywire in a research report on Monday, August 17th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $22.00 price target on shares of Flywire in a research note on Wednesday, August 5th. Eight investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Flywire presently has an average rating of "Hold" and an average price target of $19.85.
Get Our Latest Analysis on Flywire
Institutional Investors Weigh In On Flywire
Hedge funds have recently bought and sold shares of the business. Nykredit A S purchased a new stake in Flywire in the second quarter worth about $29,000. Global Retirement Partners LLC purchased a new position in shares of Flywire during the fourth quarter valued at approximately $32,000. Essential Partners LLC lifted its holdings in shares of Flywire by 219.1% during the first quarter. Essential Partners LLC now owns 2,288 shares of the company's stock valued at $27,000 after purchasing an additional 1,571 shares during the last quarter. KBC Group NV bought a new stake in shares of Flywire in the 1st quarter worth approximately $38,000. Finally, Leonteq Securities AG boosted its position in shares of Flywire by 267.6% in the 1st quarter. Leonteq Securities AG now owns 3,540 shares of the company's stock worth $41,000 after purchasing an additional 2,577 shares in the last quarter. Institutional investors own 95.90% of the company's stock.
Flywire Company Profile
(
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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