Flywire Co. (NASDAQ:FLYW) Shares Bought by Emerald Advisers LLC

Emerald Advisers LLC raised its holdings in shares of Flywire Co. (NASDAQ:FLYW) by 48.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 430,646 shares of the company’s stock after acquiring an additional 140,821 shares during the quarter. Emerald Advisers LLC’s holdings in Flywire were worth $8,880,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FLYW. Vanguard Group Inc. boosted its holdings in Flywire by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 12,087,221 shares of the company’s stock valued at $249,238,000 after purchasing an additional 781,711 shares in the last quarter. FMR LLC boosted its holdings in shares of Flywire by 3.6% in the 3rd quarter. FMR LLC now owns 9,408,098 shares of the company’s stock valued at $154,199,000 after buying an additional 326,120 shares in the last quarter. Westfield Capital Management Co. LP grew its position in shares of Flywire by 19.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,226,912 shares of the company’s stock valued at $102,059,000 after buying an additional 1,006,516 shares during the last quarter. Jennison Associates LLC raised its stake in Flywire by 53.0% during the 4th quarter. Jennison Associates LLC now owns 3,406,312 shares of the company’s stock worth $70,238,000 after acquiring an additional 1,179,562 shares in the last quarter. Finally, State Street Corp lifted its position in Flywire by 5.2% in the third quarter. State Street Corp now owns 2,930,906 shares of the company’s stock valued at $48,038,000 after acquiring an additional 145,894 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Flywire Trading Down 1.6 %

NASDAQ FLYW opened at $9.96 on Friday. The business’s 50 day moving average is $16.18 and its two-hundred day moving average is $18.07. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 66.40, a PEG ratio of 1.41 and a beta of 1.17. Flywire Co. has a 12-month low of $8.62 and a 12-month high of $25.27.

Flywire (NASDAQ:FLYW) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The business had revenue of $112.80 million during the quarter, compared to analysts’ expectations of $118.85 million. Flywire had a return on equity of 2.49% and a net margin of 4.23%. Equities analysts forecast that Flywire Co. will post 0.14 earnings per share for the current fiscal year.

Insider Activity at Flywire

In other Flywire news, Director Gretchen Howard acquired 8,889 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $10.94 per share, for a total transaction of $97,245.66. Following the transaction, the director now directly owns 30,770 shares of the company’s stock, valued at approximately $336,623.80. This represents a 40.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Peter Butterfield sold 5,523 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $10.08, for a total transaction of $55,671.84. Following the transaction, the general counsel now owns 247,561 shares of the company’s stock, valued at $2,495,414.88. This trade represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on FLYW shares. Deutsche Bank Aktiengesellschaft lowered Flywire from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $26.00 to $16.00 in a report on Wednesday, February 26th. Seaport Res Ptn cut Flywire from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Citigroup lowered their target price on shares of Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. The Goldman Sachs Group downgraded shares of Flywire from a “buy” rating to a “neutral” rating and reduced their price target for the company from $26.00 to $15.00 in a research report on Wednesday, February 26th. Finally, BTIG Research downgraded shares of Flywire from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.23.

Flywire Profile

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company’s platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.