SkyView Investment Advisors LLC Buys Shares of 30,000 Flywire Corporation $FLYW

SkyView Investment Advisors LLC bought a new stake in shares of Flywire Corporation (NASDAQ:FLYW) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $527,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FLYW. Renaissance Technologies LLC boosted its holdings in Flywire by 110.8% during the 1st quarter. Renaissance Technologies LLC now owns 887,200 shares of the company’s stock valued at $10,327,000 after acquiring an additional 466,300 shares during the period. Voss Capital LP increased its stake in Flywire by 21.5% in the fourth quarter. Voss Capital LP now owns 11,750,000 shares of the company’s stock worth $166,380,000 after purchasing an additional 2,080,202 shares during the period. AlphaQuest LLC increased its stake in Flywire by 372.4% in the fourth quarter. AlphaQuest LLC now owns 105,448 shares of the company’s stock worth $1,493,000 after purchasing an additional 83,128 shares during the period. North Reef Capital Management LP lifted its position in shares of Flywire by 83.3% during the first quarter. North Reef Capital Management LP now owns 1,100,000 shares of the company’s stock worth $12,804,000 after purchasing an additional 499,999 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Flywire by 103.3% during the fourth quarter. BNP Paribas Financial Markets now owns 1,023,958 shares of the company’s stock valued at $14,499,000 after purchasing an additional 520,256 shares during the period. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Flywire Stock Up 1.3%

Flywire stock opened at $18.10 on Tuesday. The firm has a market cap of $2.20 billion, a P/E ratio of 69.62, a P/E/G ratio of 1.14 and a beta of 1.30. The business has a fifty day moving average of $17.92 and a two-hundred day moving average of $15.59. Flywire Corporation has a twelve month low of $10.55 and a twelve month high of $19.73.

Flywire (NASDAQ:FLYW) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The company had revenue of $163.80 million during the quarter, compared to the consensus estimate of $156.47 million. Flywire had a return on equity of 4.08% and a net margin of 4.77%.The company’s revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.10) earnings per share. Equities analysts expect that Flywire Corporation will post 0.4 earnings per share for the current year.

Insider Buying and Selling at Flywire

In other Flywire news, insider Mohit Kansal sold 3,650 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $16.96, for a total value of $61,904.00. Following the completion of the transaction, the insider directly owned 500,670 shares in the company, valued at approximately $8,491,363.20. The trade was a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Voss Capital, Lp sold 172,973 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $19.19, for a total transaction of $3,319,351.87. Following the sale, the insider directly owned 369,168 shares of the company’s stock, valued at approximately $7,084,333.92. The trade was a 31.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 559,368 shares of company stock worth $10,616,237 over the last quarter. Insiders own 5.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FLYW. JPMorgan Chase & Co. upgraded shares of Flywire from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $14.00 to $16.00 in a report on Thursday, May 21st. Seaport Research Partners reissued a “buy” rating and issued a $22.00 price objective on shares of Flywire in a research report on Monday, August 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Flywire to an “outperform” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $22.00 target price on shares of Flywire in a research report on Wednesday, August 5th. Finally, BTIG Research reiterated a “buy” rating on shares of Flywire in a report on Thursday. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.23.

Flywire Company Profile

Flywire Corporation (NASDAQ: FLYW) is a global payments-enablement and software company that helps organizations accept, process and manage domestic and international payments. Its platform is designed to simplify complex payment workflows, support multiple currencies and payment methods, and provide customers with tools for reconciliation, reporting and payment tracking.

The company serves institutions and businesses in sectors including education, health care, travel and business-to-business payments.