Flywire (NASDAQ:FLYW) Major Shareholder Voss Capital, Lp Sells 26,094 Shares

Flywire Corporation (NASDAQ:FLYW) major shareholder Voss Capital, Lp sold 26,094 shares of Flywire stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $18.99, for a total transaction of $495,525.06. Following the completion of the sale, the insider owned 368,613 shares of the company’s stock, valued at approximately $6,999,960.87. The trade was a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 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 shares were 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 stock was 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 stock was 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 shares were sold at an average price of $18.34, for a total value of $1,458,030.00.

Flywire Stock Performance

NASDAQ:FLYW opened at $18.79 on Friday. The stock has a fifty day moving average price of $17.73 and a 200-day moving average price of $15.00. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 72.27, a PEG ratio of 1.20 and a beta of 1.34. Flywire Corporation has a fifty-two week low of $10.55 and a fifty-two week high of $19.73.

Flywire (NASDAQ:FLYW) last released its earnings results on Tuesday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $156.47 million. During the same period last year, the company posted ($0.10) earnings per share. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year. Research analysts predict that Flywire Corporation will post 0.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FLYW shares. Morgan Stanley reiterated an “overweight” rating and set a $22.00 price objective on shares of Flywire in a research note on Wednesday, August 5th. BTIG Research restated a “buy” rating and issued a $20.00 target price on shares of Flywire in a research report on Tuesday, July 21st. Wall Street Zen downgraded shares of Flywire from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Truist Financial increased their price target on shares of Flywire from $17.00 to $19.00 and gave the stock a “hold” rating in a research report on Friday, August 14th. Finally, Weiss Ratings cut shares of Flywire from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $19.85.

Institutional Trading of Flywire

Several large investors have recently bought and sold shares of FLYW. Essential Partners LLC raised its stake in Flywire by 219.1% during the first quarter. Essential Partners LLC now owns 2,288 shares of the company’s stock worth $27,000 after acquiring an additional 1,571 shares in the last quarter. 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 stake in shares of Flywire during the 1st quarter valued at approximately $38,000. Finally, Leonteq Securities AG grew its holdings in shares of Flywire by 267.6% during the 1st quarter. Leonteq Securities AG now owns 3,540 shares of the company’s stock valued at $41,000 after purchasing an additional 2,577 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

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.