XTX Topco Ltd acquired a new stake in Flywire Co. (NASDAQ:FLYW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,363 shares of the company's stock, valued at approximately $585,000.
A number of other large investors have also modified their holdings of the stock. Global Retirement Partners LLC purchased a new position in shares of Flywire during the 4th quarter valued at approximately $30,000. Arcadia Investment Management Corp MI bought a new position in shares of Flywire during the fourth quarter worth about $48,000. KBC Group NV increased its holdings in Flywire by 64.0% in the fourth quarter. KBC Group NV now owns 4,899 shares of the company's stock valued at $101,000 after buying an additional 1,911 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Flywire during the 4th quarter worth approximately $104,000. Finally, Highland Capital Management LLC bought a new position in Flywire during the 4th quarter worth approximately $221,000. Institutional investors and hedge funds own 95.90% of the company's stock.
Insider Buying and Selling at Flywire
In other Flywire news, Director Gretchen Howard bought 8,889 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was bought at an average cost of $10.94 per share, with a total value of $97,245.66. Following the completion of the transaction, the director now directly owns 30,770 shares of the company's stock, valued at approximately $336,623.80. The trade was a 40.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Peter Butterfield sold 5,523 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $10.08, for a total transaction of $55,671.84. Following the transaction, the general counsel now owns 247,561 shares in the company, valued at $2,495,414.88. This represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company's stock.
Flywire Trading Up 2.6 %
NASDAQ:FLYW traded up $0.22 on Thursday, hitting $8.82. 1,950,753 shares of the company's stock traded hands, compared to its average volume of 1,713,757. The firm has a 50-day moving average price of $10.91 and a 200-day moving average price of $16.71. The company has a market cap of $1.09 billion, a PE ratio of 58.80, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22. Flywire Co. has a 1 year low of $8.20 and a 1 year high of $23.40.
Flywire (NASDAQ:FLYW - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.11). Flywire had a return on equity of 2.49% and a net margin of 4.23%. The company had revenue of $112.80 million during the quarter, compared to analysts' expectations of $118.85 million. On average, research analysts forecast that Flywire Co. will post 0.14 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have weighed in on FLYW. The Goldman Sachs Group lowered their target price on shares of Flywire from $15.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Morgan Stanley cut their price target on Flywire from $21.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Seaport Res Ptn downgraded shares of Flywire from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Wells Fargo & Company reduced their target price on shares of Flywire from $20.00 to $16.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Finally, BTIG Research cut Flywire from a "buy" rating to a "neutral" rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $17.00.
Check Out Our Latest Report on Flywire
Flywire Company Profile
(
Free Report)
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.
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