Values First Advisors Inc. Makes New $808,000 Investment in Flywire Co. (NASDAQ:FLYW)

Values First Advisors Inc. bought a new stake in Flywire Co. (NASDAQ:FLYW) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 34,917 shares of the company’s stock, valued at approximately $808,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UBS Group AG bought a new stake in Flywire during the 3rd quarter valued at $36,000. Tower Research Capital LLC TRC grew its stake in Flywire by 457.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,601 shares of the company’s stock worth $47,000 after buying an additional 1,314 shares in the last quarter. Advisors Asset Management Inc. grew its position in Flywire by 76.3% in the third quarter. Advisors Asset Management Inc. now owns 1,742 shares of the company’s stock worth $56,000 after acquiring an additional 754 shares in the last quarter. Ensign Peak Advisors Inc purchased a new position in Flywire in the 3rd quarter worth $55,000. Finally, RiverPark Advisors LLC bought a new stake in shares of Flywire in the 3rd quarter valued at about $83,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Flywire Stock Up 0.4 %

Shares of FLYW stock traded up $0.09 on Friday, hitting $24.81. 1,013,652 shares of the stock traded hands, compared to its average volume of 1,527,131. The firm has a 50 day simple moving average of $23.82 and a two-hundred day simple moving average of $24.97. Flywire Co. has a 52 week low of $18.65 and a 52 week high of $35.80.

Flywire (NASDAQ:FLYW) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. Flywire had a negative return on equity of 1.35% and a negative net margin of 2.13%. The firm had revenue of $100.55 million during the quarter, compared to analyst estimates of $88.52 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The business’s quarterly revenue was up 37.6% compared to the same quarter last year. Sell-side analysts expect that Flywire Co. will post 0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Truist Financial increased their target price on shares of Flywire from $30.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on Flywire in a report on Tuesday, February 6th. They set a “buy” rating and a $27.00 price target for the company. William Blair reissued an “outperform” rating on shares of Flywire in a report on Wednesday, February 28th. The Goldman Sachs Group boosted their target price on Flywire from $29.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada increased their price objective on shares of Flywire from $36.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

Insider Buying and Selling at Flywire

In related news, General Counsel Peter Butterfield sold 4,730 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $27.30, for a total value of $129,129.00. Following the completion of the transaction, the general counsel now owns 214,678 shares of the company’s stock, valued at approximately $5,860,709.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Michael G. Ellis sold 3,500 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $20.31, for a total value of $71,085.00. Following the sale, the chief financial officer now directly owns 337,318 shares in the company, valued at $6,850,928.58. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Peter Butterfield sold 4,730 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $27.30, for a total value of $129,129.00. Following the transaction, the general counsel now owns 214,678 shares in the company, valued at $5,860,709.40. The disclosure for this sale can be found here. Insiders sold 132,257 shares of company stock valued at $3,500,722 in the last 90 days. Insiders own 5.00% of the company’s stock.

About Flywire

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.