Voss Capital, Lp Sells 44,768 Shares of Flywire (NASDAQ:FLYW) Stock

Flywire Corporation (NASDAQ:FLYW) major shareholder Voss Capital, Lp sold 44,768 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $18.78, for a total value of $840,743.04. Following the completion of the transaction, the insider directly owned 11,069,321 shares in the company, valued at approximately $207,881,848.38. The trade was a 0.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock 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 transaction of $1,776,159.57.
• On Wednesday, August 26th, Voss Capital, Lp sold 26,094 shares of Flywire stock. The shares were sold at an average price of $18.99, for a total transaction of $495,525.06.
• 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 transaction of $3,319,351.87.
• On Monday, August 24th, Voss Capital, Lp sold 101,300 shares of Flywire stock. The shares were sold at an average price of $19.49, for a total transaction 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 transaction of $471,500.00.
• 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 transaction of $1,458,030.00.

Flywire Stock Up 3.6%

Shares of NASDAQ:FLYW opened at $18.83 on Thursday. The company has a market cap of $2.29 billion, a P/E ratio of 72.43, a PEG ratio of 1.16 and a beta of 1.30. Flywire Corporation has a 52 week low of $10.55 and a 52 week high of $19.73. The company has a 50-day moving average price of $17.90 and a 200 day moving average price of $15.19.

Flywire (NASDAQ:FLYW) last released its earnings results 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 business had revenue of $163.80 million for the quarter, compared to analyst estimates 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 in the previous year, the firm posted ($0.10) EPS. Analysts expect that Flywire Corporation will post 0.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on FLYW shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $22.00 price objective on shares of Flywire in a research report on Wednesday, August 5th. BTIG Research restated a “buy” rating and set a $20.00 target price on shares of Flywire in a research report on Tuesday, July 21st. Raymond James Financial reiterated an “outperform” rating and issued a $22.00 price target on shares of Flywire in a report on Wednesday, May 27th. Seaport Research Partners reiterated a “buy” rating and issued a $22.00 price objective on shares of Flywire in a research note on Monday, August 17th. Finally, New Street Research set a $16.00 target price on shares of Flywire in a research report on Thursday, May 21st. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Flywire presently has an average rating of “Moderate Buy” and an average price target of $20.23.

Institutional Investors Weigh In On Flywire

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its position in Flywire by 13.6% during the fourth quarter. Royal Bank of Canada now owns 9,025 shares of the company’s stock worth $128,000 after buying an additional 1,081 shares in the last quarter. Essential Partners LLC lifted its holdings in Flywire by 219.1% in the 1st 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 in the last quarter. Nykredit A S purchased a new position in Flywire in the 2nd quarter valued at about $29,000. Global Retirement Partners LLC acquired a new stake in shares of Flywire during the 4th quarter worth about $32,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Flywire by 78.4% during the second quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock worth $66,000 after buying an additional 2,497 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Flywire Company Profile

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.