Voss Capital, Lp Purchases 25,000 Shares of Flywire (NASDAQ:FLYW) Stock

Flywire Corporation (NASDAQ:FLYW) major shareholder Voss Capital, Lp acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were bought at an average price of $10.99 per share, with a total value of $274,750.00. Following the acquisition, the insider directly owned 2,300,000 shares of the company’s stock, valued at $25,277,000. The trade was a 1.10% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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, December 31st, Voss Capital, Lp bought 44,991 shares of Flywire stock. The shares were bought at an average price of $14.23 per share, for a total transaction of $640,221.93.
• On Tuesday, December 30th, Voss Capital, Lp purchased 181,121 shares of Flywire stock. The stock was bought at an average price of $14.15 per share, with a total value of $2,562,862.15.

Flywire Price Performance

FLYW traded up $0.32 during trading on Wednesday, reaching $11.11. 1,640,435 shares of the company were exchanged, compared to its average volume of 1,313,579. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -555.22, a P/E/G ratio of 1.24 and a beta of 1.28. Flywire Corporation has a 12-month low of $8.20 and a 12-month high of $19.75. The company’s 50-day moving average is $13.43 and its two-hundred day moving average is $13.24.

Analyst Ratings Changes

A number of brokerages have issued reports on FLYW. Truist Financial set a $17.00 price objective on Flywire in a research note on Tuesday, January 20th. Wolfe Research restated an “outperform” rating and set a $19.00 price objective on shares of Flywire in a research note on Wednesday, November 5th. Citigroup raised shares of Flywire to a “hold” rating in a report on Thursday, October 23rd. Stephens upgraded shares of Flywire from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $17.00 to $19.00 in a report on Friday, January 16th. Finally, Zacks Research raised Flywire from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC bought a new position in Flywire in the 4th quarter worth about $32,000. Nisa Investment Advisors LLC raised its stake in shares of Flywire by 194.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock worth $38,000 after acquiring an additional 2,167 shares in the last quarter. Covestor Ltd grew its stake in Flywire by 217.9% during the 3rd quarter. Covestor Ltd now owns 3,233 shares of the company’s stock worth $43,000 after buying an additional 2,216 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Flywire by 78.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock valued at $66,000 after buying an additional 2,497 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Flywire in the third quarter valued at about $67,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Flywire Company Profile

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.