Voss Capital LP Increases Stock Holdings in Flywire Corporation $FLYW

Voss Capital LP increased its stake in Flywire Corporation (NASDAQ:FLYW) by 176.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,100,000 shares of the company’s stock after buying an additional 5,165,014 shares during the quarter. Flywire makes up 6.5% of Voss Capital LP’s portfolio, making the stock its 4th biggest position. Voss Capital LP owned about 0.07% of Flywire worth $94,770,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FLYW. Marshall Wace LLP lifted its holdings in shares of Flywire by 10.8% during the 2nd quarter. Marshall Wace LLP now owns 1,394,544 shares of the company’s stock valued at $16,316,000 after buying an additional 135,940 shares during the period. Walleye Capital LLC raised its stake in Flywire by 206.0% during the 2nd quarter. Walleye Capital LLC now owns 462,665 shares of the company’s stock valued at $5,413,000 after purchasing an additional 311,448 shares during the period. Invesco Ltd. raised its position in shares of Flywire by 25.9% during the second quarter. Invesco Ltd. now owns 127,565 shares of the company’s stock valued at $1,493,000 after buying an additional 26,222 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Flywire during the second quarter valued at about $119,000. Finally, New York State Common Retirement Fund raised its holdings in shares of Flywire by 28.6% during the 2nd quarter. New York State Common Retirement Fund now owns 218,734 shares of the company’s stock worth $2,559,000 after acquiring an additional 48,653 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FLYW. Weiss Ratings restated a “sell (d)” rating on shares of Flywire in a report on Wednesday, October 8th. Zacks Research raised Flywire from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Truist Financial lifted their price target on shares of Flywire from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. The Goldman Sachs Group upped their price target on shares of Flywire from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Finally, Stephens reiterated an “equal weight” rating and issued a $13.00 price target on shares of Flywire in a report on Monday, September 22nd. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $14.81.

Flywire Trading Down 1.2%

Shares of FLYW opened at $13.61 on Monday. Flywire Corporation has a 52-week low of $8.20 and a 52-week high of $21.75. The stock has a market cap of $1.66 billion, a PE ratio of -680.16, a price-to-earnings-growth ratio of 2.69 and a beta of 1.28. The firm’s fifty day moving average is $13.45 and its two-hundred day moving average is $12.39. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.02.

Flywire (NASDAQ:FLYW) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $194.10 million for the quarter, compared to the consensus estimate of $180.07 million. Flywire had a negative net margin of 0.42% and a positive return on equity of 0.80%. The company’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same period last year, the firm posted $0.30 earnings per share. Research analysts forecast that Flywire Corporation will post 0.14 earnings per share for the current fiscal year.

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.