Flywire (NASDAQ:FLYW) Major Shareholder Voss Capital, Lp Sells 44,768 Shares

Flywire Corporation (NASDAQ:FLYW) major shareholder Voss Capital, Lp sold 44,768 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $18.78, for a total value of $840,743.04. Following the transaction, the insider owned 11,069,321 shares of the company’s stock, valued at $207,881,848.38. This trade represents a 0.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% 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 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 Wednesday, August 26th, Voss Capital, Lp sold 26,094 shares of Flywire stock. The shares were sold at an average price of $18.99, for a total transaction of $495,525.06.
• 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 transaction 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 transaction 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 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 3.8%

FLYW stock traded down $0.71 during midday trading on Tuesday, hitting $18.18. The stock had a trading volume of 1,336,591 shares, compared to its average volume of 1,964,386. The firm has a market cap of $2.21 billion, a P/E ratio of 69.93, a price-to-earnings-growth ratio of 1.20 and a beta of 1.34. The business has a fifty day moving average price of $17.80 and a two-hundred day moving average price of $15.08. Flywire Corporation has a 1-year low of $10.55 and a 1-year high of $19.73.

Flywire (NASDAQ:FLYW) last issued its quarterly 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 business had revenue of $163.80 million for the quarter, compared to analyst estimates of $156.47 million. During the same quarter in the previous year, the business posted ($0.10) earnings per share. The business’s revenue was up 27.2% on a year-over-year basis. On average, equities analysts anticipate that Flywire Corporation will post 0.4 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FLYW. Deutsche Bank Aktiengesellschaft upgraded Flywire to an “outperform” rating in a report on Wednesday, May 27th. Wolfe Research raised their price objective on shares of Flywire from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Weiss Ratings lowered shares of Flywire from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. UBS Group lifted their price objective on shares of Flywire from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, BTIG Research reiterated a “buy” rating and set a $20.00 target price on shares of Flywire in a research report on Tuesday, July 21st. Eight equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Essential Partners LLC increased its holdings in shares of Flywire by 219.1% during the first quarter. Essential Partners LLC now owns 2,288 shares of the company’s stock valued at $27,000 after acquiring an additional 1,571 shares in the last quarter. Nykredit A S bought a new stake in Flywire during the 2nd quarter valued at $29,000. Global Retirement Partners LLC acquired a new position in Flywire during the fourth quarter worth $32,000. KBC Group NV bought a new position in shares of Flywire in the first quarter valued at $38,000. Finally, Leonteq Securities AG grew its holdings in shares of Flywire by 267.6% during the first quarter. Leonteq Securities AG now owns 3,540 shares of the company’s stock valued at $41,000 after buying an additional 2,577 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

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.