Flywire Corporation (NASDAQ:FLYW – Get Free Report) major shareholder Voss Capital, Lp sold 93,927 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $18.91, for a total transaction of $1,776,159.57. Following the transaction, the insider owned 366,617 shares in the company, valued at $6,932,727.47. This represents a 20.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 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 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 shares were 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 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 Stock Up 0.5%
NASDAQ:FLYW opened at $18.79 on Friday. Flywire Corporation has a 12-month low of $10.55 and a 12-month high of $19.73. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 72.27, a P/E/G ratio of 1.20 and a beta of 1.34. The stock’s 50 day moving average price is $17.73 and its two-hundred day moving average price is $15.00.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nykredit A S acquired a new stake in shares of Flywire during the second quarter worth $29,000. Global Retirement Partners LLC bought a new stake in shares of Flywire in the fourth quarter valued at about $32,000. Essential Partners LLC grew its stake in shares of 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 in the last quarter. KBC Group NV bought a new position in Flywire during the first quarter worth about $38,000. Finally, Leonteq Securities AG increased its position in Flywire by 267.6% during the first quarter. Leonteq Securities AG now owns 3,540 shares of the company’s stock worth $41,000 after acquiring an additional 2,577 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
FLYW has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of Flywire from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $14.00 to $16.00 in a report on Thursday, May 21st. Wolfe Research raised their target price on shares of Flywire from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $22.00 target price on shares of Flywire in a report on Wednesday, August 5th. New Street Research set a $16.00 price target on shares of Flywire in a research note on Thursday, May 21st. Finally, Truist Financial increased their price target on shares of Flywire from $17.00 to $19.00 and gave the company a “hold” rating in a report on Friday, August 14th. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.85.
Get Our Latest Report on Flywire
About Flywire
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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