Stephens Inc. AR Trims Stake in Flywire Co. (NASDAQ:FLYW)

Stephens Inc. AR lowered its stake in Flywire Co. (NASDAQ:FLYW) by 35.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,466 shares of the company’s stock after selling 5,768 shares during the quarter. Stephens Inc. AR’s holdings in Flywire were worth $172,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FLYW. SG Americas Securities LLC acquired a new position in Flywire in the 1st quarter valued at $363,000. Oppenheimer Asset Management Inc. raised its holdings in Flywire by 3.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,884 shares of the company’s stock valued at $493,000 after acquiring an additional 702 shares during the last quarter. Swiss National Bank raised its holdings in Flywire by 0.8% in the 1st quarter. Swiss National Bank now owns 212,300 shares of the company’s stock valued at $5,267,000 after acquiring an additional 1,600 shares during the last quarter. Headlands Technologies LLC acquired a new position in Flywire in the 1st quarter valued at $46,000. Finally, ProShare Advisors LLC raised its holdings in Flywire by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 19,104 shares of the company’s stock valued at $474,000 after acquiring an additional 1,504 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Insider Transactions at Flywire

In related news, CTO David R. King sold 3,353 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total transaction of $60,488.12. Following the sale, the chief technology officer now owns 620,184 shares in the company, valued at $11,188,119.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Flywire news, CEO Michael Massaro sold 8,629 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total value of $155,667.16. Following the sale, the chief executive officer now owns 1,739,351 shares in the company, valued at approximately $31,377,892.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO David R. King sold 3,353 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total transaction of $60,488.12. Following the completion of the sale, the chief technology officer now owns 620,184 shares in the company, valued at $11,188,119.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,966 shares of company stock valued at $480,143. Insiders own 3.90% of the company’s stock.

Flywire Stock Performance

Shares of FLYW stock opened at $20.99 on Friday. Flywire Co. has a one year low of $15.19 and a one year high of $31.54. The company’s 50-day simple moving average is $17.12 and its 200-day simple moving average is $17.48. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of -301.00, a PEG ratio of 7.48 and a beta of 0.95.

Flywire (NASDAQ:FLYW) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.01). Flywire had a negative return on equity of 1.03% and a negative net margin of 1.85%. The company had revenue of $103.68 million for the quarter, compared to the consensus estimate of $100.30 million. During the same period in the previous year, the business posted ($0.15) EPS. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. As a group, research analysts forecast that Flywire Co. will post 0.05 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. B. Riley reiterated a “buy” rating and issued a $30.00 price target on shares of Flywire in a report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their price objective on Flywire from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Raymond James upped their price objective on Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a report on Friday. Citigroup dropped their price objective on Flywire from $27.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Flywire from $25.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.50.

Flywire Profile

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.