43,480 Shares in Flywire Corporation $FLYW Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Flywire Corporation (NASDAQ:FLYW) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 43,480 shares of the company’s stock, valued at approximately $589,000.

A number of other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC acquired a new position in Flywire during the 1st quarter worth $271,000. Millennium Management LLC grew its position in shares of Flywire by 15.1% in the first quarter. Millennium Management LLC now owns 1,330,971 shares of the company’s stock valued at $12,644,000 after purchasing an additional 175,007 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Flywire by 14.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,241,226 shares of the company’s stock worth $11,792,000 after purchasing an additional 159,239 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Flywire by 7.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 83,422 shares of the company’s stock worth $976,000 after purchasing an additional 5,714 shares during the last quarter. Finally, CWM LLC boosted its stake in Flywire by 850.9% during the 2nd quarter. CWM LLC now owns 6,447 shares of the company’s stock valued at $75,000 after purchasing an additional 5,769 shares during the period. Institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on FLYW. Wall Street Zen downgraded Flywire from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Truist Financial set a $17.00 price objective on Flywire in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Flywire in a research report on Thursday, January 22nd. The Goldman Sachs Group upped their target price on shares of Flywire from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Finally, B. Riley raised their price target on shares of Flywire from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Flywire has a consensus rating of “Hold” and a consensus target price of $15.73.

Insider Activity at Flywire

In other Flywire news, major shareholder Voss Capital, Lp purchased 44,991 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average price of $14.23 per share, with a total value of $640,221.93. Following the completion of the transaction, the insider directly owned 9,670,000 shares of the company’s stock, valued at approximately $137,604,100. This trade represents a 0.47% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Phillip John Riese sold 16,612 shares of Flywire stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $15.08, for a total value of $250,508.96. Following the sale, the director directly owned 234,493 shares in the company, valued at $3,536,154.44. The trade was a 6.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 39,526 shares of company stock valued at $583,717 over the last quarter. 4.40% of the stock is owned by company insiders.

Flywire Stock Performance

Shares of NASDAQ FLYW opened at $12.58 on Tuesday. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -628.69, a PEG ratio of 1.42 and a beta of 1.28. Flywire Corporation has a one year low of $8.20 and a one year high of $21.31. The business has a fifty day simple moving average of $14.02 and a 200 day simple moving average of $13.26. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02.

Flywire (NASDAQ:FLYW) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $194.10 million for the quarter, compared to analyst estimates of $180.07 million. Flywire had a negative net margin of 0.42% and a positive return on equity of 0.80%. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. Sell-side analysts expect that Flywire Corporation will post 0.14 EPS for the current year.

Flywire 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.