Voss Capital, Lp Sells 26,094 Shares of Flywire (NASDAQ:FLYW) Stock

Flywire Corporation (NASDAQ:FLYW) major shareholder Voss Capital, Lp sold 26,094 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $18.99, for a total value of $495,525.06. Following the sale, the insider directly owned 368,613 shares of the company’s stock, valued at $6,999,960.87. This represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases 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 Tuesday, August 25th, Voss Capital, Lp sold 172,973 shares of Flywire stock. The stock was 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 shares were 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 shares were 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 stock was sold at an average price of $18.34, for a total transaction of $1,458,030.00.

Flywire Stock Up 0.5%

Shares of NASDAQ:FLYW opened at $18.79 on Friday. The firm has a market cap of $2.29 billion, a P/E ratio of 72.27, a P/E/G ratio of 1.20 and a beta of 1.34. Flywire Corporation has a 12 month low of $10.55 and a 12 month high of $19.73. The company’s 50-day moving average price is $17.73 and its two-hundred day moving average price is $15.00.

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

Analyst Ratings Changes

FLYW has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded Flywire from an “underweight” rating to a “neutral” rating and raised their price target for the company from $14.00 to $16.00 in a report on Thursday, May 21st. Weiss Ratings cut shares of Flywire from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Zacks Research downgraded shares of Flywire from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Wolfe Research increased their price objective on shares of Flywire from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $22.00 price objective on shares of Flywire in a research note on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.85.

Hedge Funds Weigh In On Flywire

Hedge funds have recently added to or reduced their stakes in the stock. Essential Partners LLC grew its position in shares of 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 acquired a new stake in shares of Flywire in the 2nd quarter valued at approximately $29,000. Global Retirement Partners LLC acquired a new stake in shares of Flywire in the 4th quarter valued at approximately $32,000. KBC Group NV bought a new position in Flywire during the 1st quarter worth approximately $38,000. Finally, Leonteq Securities AG boosted its stake in Flywire by 267.6% during the 1st 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 last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

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.