Voss Capital, Lp Sells 79,500 Shares of Flywire (NASDAQ:FLYW) Stock

Flywire Corporation (NASDAQ:FLYW – Get Free Report) major shareholder Voss Capital, Lp sold 79,500 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $18.34, for a total transaction of $1,458,030.00. Following the transaction, the insider owned 2,250,000 shares in the company, valued at approximately $41,265,000. This trade represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 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):

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• 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.

Flywire Trading Up 4.2%

Shares of FLYW opened at $19.54 on Friday. Flywire Corporation has a twelve month low of $10.55 and a twelve month high of $19.59. The stock’s 50 day moving average is $17.40 and its two-hundred day moving average is $14.73. The firm has a market capitalization of $2.38 billion, a PE ratio of 75.16, a P/E/G ratio of 1.20 and a beta of 1.34.

Flywire (NASDAQ:FLYW – Get Free Report) 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. On average, sell-side analysts predict that Flywire Corporation will post 0.4 EPS for the current year.

Institutional Trading of Flywire

Several large investors have recently bought and sold shares of FLYW. AQR Capital Management LLC purchased a new position in shares of Flywire in the first quarter valued at $271,000. Millennium Management LLC boosted its position in shares of Flywire by 15.1% in the 1st quarter. Millennium Management LLC now owns 1,330,971 shares of the company’s stock worth $12,644,000 after buying an additional 175,007 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Flywire by 14.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,241,226 shares of the company’s stock valued at $11,792,000 after acquiring an additional 159,239 shares during the last quarter. American Century Companies Inc. grew its stake in Flywire by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 107,856 shares of the company’s stock valued at $1,262,000 after acquiring an additional 7,357 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new position in Flywire during the 2nd quarter valued at about $184,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on FLYW. Weiss Ratings lowered shares of Flywire from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. B. Riley Financial increased their price target on shares of Flywire from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. UBS Group raised their price objective on shares of Flywire from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. BTIG Research reissued a “buy” rating and set a $20.00 price objective on shares of Flywire in a report on Tuesday, July 21st. Finally, Seaport Research Partners restated a “buy” rating and set a $22.00 target price on shares of Flywire in a research report on Monday. Eight 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.54.

Read Our Latest Stock Report on Flywire

Flywire Company Profile

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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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