Flywire Corporation (NASDAQ:FLYW - Get Free Report) major shareholder Voss Capital, Lp sold 26,094 shares of the company's stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $18.99, for a total transaction of $495,525.06. Following the transaction, the insider owned 368,613 shares of the company's stock, valued at $6,999,960.87. This trade represents a 6.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large 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 Thursday, August 27th, Voss Capital, Lp sold 93,927 shares of Flywire stock. The shares were sold at an average price of $18.91, for a total value of $1,776,159.57.
- 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 Monday, August 24th, Voss Capital, Lp sold 101,300 shares of Flywire stock. The stock was sold at an average price of $19.49, for a total value of $1,974,337.00.
- On Wednesday, August 19th, Voss Capital, Lp sold 25,000 shares of Flywire stock. The stock was sold at an average price of $18.86, for a total value 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 value of $1,458,030.00.
Flywire Trading Up 0.5%
Flywire stock opened at $18.79 on Friday. The stock has a 50-day moving average price of $17.73 and a two-hundred day moving average price of $15.00. Flywire Corporation has a 12 month low of $10.55 and a 12 month high of $19.73. The company has a market capitalization of $2.29 billion, a PE ratio of 72.27, a P/E/G ratio of 1.20 and a beta of 1.34.
Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm had revenue of $163.80 million for the quarter, compared to the consensus estimate of $156.47 million. Flywire had a return on equity of 4.08% and a net margin of 4.77%.The business's revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) earnings per share. As a group, analysts predict that Flywire Corporation will post 0.4 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Flywire from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Citigroup reaffirmed a "neutral" rating on shares of Flywire in a research note on Thursday, August 6th. Wolfe Research lifted their price target on shares of Flywire from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday. BTIG Research reissued a "buy" rating and issued a $20.00 price objective on shares of Flywire in a research note on Tuesday, July 21st. Finally, Weiss Ratings cut shares of Flywire from a "hold (c)" rating to a "sell (d+)" rating in a research note on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $19.85.
Check Out Our Latest Stock Analysis on FLYW
Hedge Funds Weigh In On Flywire
A number of hedge funds and other institutional investors have recently made changes to their positions in FLYW. Essential Partners LLC boosted its holdings in Flywire by 219.1% in the first quarter. Essential Partners LLC now owns 2,288 shares of the company's stock valued at $27,000 after acquiring an additional 1,571 shares during the last quarter. Nykredit A S acquired a new stake in Flywire during the 2nd quarter valued at approximately $29,000. Global Retirement Partners LLC bought a new position in Flywire during the 4th quarter worth approximately $32,000. KBC Group NV bought a new position in Flywire during the 1st quarter worth approximately $38,000. Finally, Leonteq Securities AG lifted 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 during the period. 95.90% of the stock is owned by institutional investors and hedge funds.
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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