Voss Capital, Lp Sells 172,973 Shares of Flywire (NASDAQ:FLYW) Stock

by · The Cerbat Gem

Flywire Corporation (NASDAQ:FLYW – Get Free Report) major shareholder Voss Capital, Lp sold 172,973 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 369,168 shares in the company, valued at $7,084,333.92. The trade was a 31.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Voss Capital, Lp also recently made the following trade(s):

  • 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 transaction 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 transaction 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 Trading Down 1.9%

NASDAQ:FLYW traded down $0.37 during mid-day trading on Wednesday, hitting $18.84. The company had a trading volume of 1,234,812 shares, compared to its average volume of 1,980,311. The business has a fifty day simple moving average of $17.55 and a 200-day simple moving average of $14.86. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 72.46, a PEG ratio of 1.24 and a beta of 1.34. Flywire Corporation has a 1 year low of $10.55 and a 1 year high of $19.73.

Flywire (NASDAQ:FLYW – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported ($0.07) EPS 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 firm had revenue of $163.80 million for the quarter, compared to analyst estimates of $156.47 million. During the same period in the previous year, the firm posted ($0.10) earnings per share. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. As a group, research analysts anticipate that Flywire Corporation will post 0.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

FLYW has been the subject of a number of recent analyst reports. Weiss Ratings lowered Flywire from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Seaport Research Partners reaffirmed a “buy” rating and set a $22.00 price target on shares of Flywire in a report on Monday, August 17th. Wolfe Research boosted their price objective on Flywire from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday. New Street Research set a $16.00 price objective on Flywire in a report on Thursday, May 21st. Finally, Raymond James Financial restated an “outperform” rating and issued a $22.00 target price on shares of Flywire in a research report on Wednesday, May 27th. Eight investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $19.85.

Check Out Our Latest Analysis on Flywire

Institutional Trading of Flywire

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC acquired a new position in shares of Flywire during the first quarter valued at approximately $271,000. Millennium Management LLC boosted its stake in Flywire by 15.1% during the 1st quarter. Millennium Management LLC now owns 1,330,971 shares of the company’s stock valued at $12,644,000 after purchasing an additional 175,007 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Flywire by 14.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,241,226 shares of the company’s stock valued at $11,792,000 after purchasing an additional 159,239 shares during the period. American Century Companies Inc. increased its position in shares of Flywire by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 107,856 shares of the company’s stock valued at $1,262,000 after purchasing an additional 7,357 shares during the period. Finally, Prudential Financial Inc. bought a new stake in shares of Flywire in the 2nd quarter worth $184,000. 95.90% of the stock is currently owned by institutional investors.

Flywire Company Profile

(Get Free Report)

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.

Read More