225,610 Shares of Flywire Corporation $FLYW Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC acquired a new stake in shares of Flywire Corporation (NASDAQ:FLYW) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 225,610 shares of the company’s stock, valued at approximately $3,948,000. Lisanti Capital Growth LLC owned approximately 0.19% of Flywire at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FLYW. StoneX Group Inc. increased its stake in Flywire by 12.7% in the 3rd quarter. StoneX Group Inc. now owns 31,701 shares of the company’s stock worth $558,000 after purchasing an additional 3,561 shares in the last quarter. CenterBook Partners LP acquired a new stake in Flywire during the 3rd quarter worth about $2,790,000. Calamos Advisors LLC acquired a new stake in Flywire during the 3rd quarter worth about $1,360,000. One Way Holdings LLC raised its holdings in Flywire by 7.2% during the 3rd quarter. One Way Holdings LLC now owns 1,131,863 shares of the company’s stock worth $19,808,000 after buying an additional 76,310 shares during the period. Finally, Vise Technologies Inc. purchased a new stake in Flywire during the third quarter valued at about $404,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FLYW shares. Citigroup lifted their price target on Flywire from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, November 5th. Wolfe Research increased their price objective on Flywire from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Weiss Ratings raised Flywire from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Monday. B. Riley Financial restated a “buy” rating and set a $25.00 price objective (up from $24.00) on shares of Flywire in a research report on Wednesday, November 4th. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $22.00 target price on shares of Flywire in a research note on Monday, August 17th. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.58.

Insider Buying and Selling at Flywire

In other news, insider Mohit Kansal sold 6,053 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $20.90, for a total transaction of $126,507.70. Following the completion of the transaction, the insider directly owned 472,271 shares of the company’s stock, valued at approximately $9,870,463.90. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp sold 44,768 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $18.78, for a total transaction of $840,743.04. Following the transaction, the insider directly owned 11,069,321 shares of the company’s stock, valued at $207,881,848.38. The trade was a 0.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 653,996 shares of company stock worth $12,466,115 over the last three months. 5.00% of the stock is currently owned by corporate insiders.

Flywire Stock Down 0.4%

NASDAQ:FLYW opened at $22.25 on Thursday. The company’s 50 day moving average is $18.67 and its 200-day moving average is $15.82. Flywire Corporation has a 12 month low of $10.55 and a 12 month high of $22.59. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 37.08, a P/E/G ratio of 0.89 and a beta of 1.32.

Flywire (NASDAQ:FLYW) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.26. Flywire had a return on equity of 9.25% and a net margin of 10.34%. The business had revenue of $250.30 million during the quarter, compared to analysts’ expectations of $233.25 million. During the same quarter in the previous year, the firm earned $0.23 EPS. The firm’s revenue was up 25.1% compared to the same quarter last year. Research analysts predict that Flywire Corporation will post 0.64 EPS for the current fiscal year.

Flywire Company Profile

Flywire Corporation is a global payments and software company that helps businesses and institutions manage domestic and cross-border payments. Its platform connects payment processing with organizations’ existing systems and supports multiple currencies and local payment methods. The company serves customers in sectors including education, healthcare, travel and business-to-business services. Its offerings help organizations collect payments from customers and manage related payment workflows, including international transactions.