Flywire Corporation (NASDAQ:FLYW – Get Free Report) major shareholder Voss Capital, Lp sold 44,768 shares of the company’s stock in a transaction 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. This represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major 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 Thursday, August 27th, Voss Capital, Lp sold 93,927 shares of Flywire stock. The stock was sold at an average price of $18.91, for a total value 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 shares were sold at an average price of $19.19, for a total value 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 Down 3.8%
Shares of NASDAQ:FLYW traded down $0.71 during trading on Tuesday, reaching $18.18. 1,336,591 shares of the company traded hands, compared to its average volume of 1,964,386. The firm has a market capitalization of $2.21 billion, a PE ratio of 69.93, a PEG ratio of 1.20 and a beta of 1.34. Flywire Corporation has a 52 week low of $10.55 and a 52 week high of $19.73. The company’s 50 day moving average is $17.80 and its two-hundred day moving average is $15.08.
Institutional Trading of Flywire
Several hedge funds and other institutional investors have recently made changes to their positions in FLYW. Essential Partners LLC boosted its position in Flywire by 219.1% during the 1st quarter. Essential Partners LLC now owns 2,288 shares of the company’s stock worth $27,000 after buying an additional 1,571 shares during the period. Nykredit A S bought a new position in shares of Flywire during the second quarter valued at $29,000. Global Retirement Partners LLC bought a new position in shares of Flywire during the fourth quarter valued at $32,000. KBC Group NV acquired a new position in shares of Flywire during the first quarter worth $38,000. Finally, Leonteq Securities AG lifted its holdings in shares of 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 purchasing an additional 2,577 shares during the period. 95.90% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of Flywire from $17.00 to $19.00 and gave the stock a “hold” rating in a report on Friday, August 14th. Seaport Research Partners reissued a “buy” rating and issued a $22.00 price objective on shares of Flywire in a research note on Monday, August 17th. The Goldman Sachs Group restated a “neutral” rating and set a $22.00 price objective on shares of Flywire in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Flywire to an “outperform” rating in a research note on Wednesday, May 27th. Finally, Citigroup reiterated a “neutral” rating on shares of Flywire in a research note on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.23.
Read Our Latest Stock Analysis on FLYW
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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