Vanguard Group Inc. Has $249.12 Million Stock Position in Flywire Co. (NASDAQ:FLYW)

Vanguard Group Inc. lifted its stake in shares of Flywire Co. (NASDAQ:FLYW) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,761,286 shares of the company’s stock after buying an additional 243,523 shares during the period. Vanguard Group Inc. owned about 0.09% of Flywire worth $249,124,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FLYW. Quest Partners LLC bought a new stake in Flywire during the 4th quarter valued at $52,000. RiverPark Advisors LLC increased its position in shares of Flywire by 22.6% during the fourth quarter. RiverPark Advisors LLC now owns 3,195 shares of the company’s stock worth $74,000 after acquiring an additional 589 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Flywire by 16.9% in the 4th quarter. Assetmark Inc. now owns 5,061 shares of the company’s stock worth $117,000 after acquiring an additional 733 shares during the last quarter. Handelsinvest Investeringsforvaltning bought a new position in Flywire in the 4th quarter valued at about $176,000. Finally, OneAscent Financial Services LLC acquired a new position in Flywire during the 4th quarter valued at about $212,000. Institutional investors own 95.90% of the company’s stock.

Insider Buying and Selling at Flywire

In related news, CEO Michael Massaro sold 13,043 shares of Flywire stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $24.07, for a total transaction of $313,945.01. Following the completion of the sale, the chief executive officer now owns 1,655,673 shares of the company’s stock, valued at $39,852,049.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.90% of the company’s stock.

Flywire Stock Down 1.0 %

Shares of NASDAQ:FLYW opened at $16.39 on Monday. The company has a 50-day moving average price of $17.76 and a two-hundred day moving average price of $21.27. Flywire Co. has a twelve month low of $15.19 and a twelve month high of $35.80. The firm has a market capitalization of $2.04 billion, a PE ratio of -148.99, a P/E/G ratio of 29.61 and a beta of 1.00.

Flywire (NASDAQ:FLYW) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). Flywire had a negative net margin of 2.63% and a negative return on equity of 1.56%. The company had revenue of $114.10 million for the quarter, compared to the consensus estimate of $107.81 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. Analysts anticipate that Flywire Co. will post 0.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wells Fargo & Company cut their target price on Flywire from $35.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. UBS Group lowered their target price on shares of Flywire from $34.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Royal Bank of Canada cut their price target on shares of Flywire from $41.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Citigroup dropped their target price on shares of Flywire from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Finally, BTIG Research dropped their price target on Flywire from $34.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Flywire currently has a consensus rating of “Moderate Buy” and an average price target of $29.86.

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.