Curi RMB Capital LLC acquired a new position in Flywire Co. (NASDAQ:FLYW - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 69,720 shares of the company's stock, valued at approximately $1,143,000. Curi RMB Capital LLC owned approximately 0.06% of Flywire as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Olympiad Research LP bought a new position in shares of Flywire in the 3rd quarter worth $206,000. Harbor Capital Advisors Inc. raised its holdings in Flywire by 87.7% in the third quarter. Harbor Capital Advisors Inc. now owns 223,244 shares of the company's stock worth $3,659,000 after purchasing an additional 104,336 shares in the last quarter. Values First Advisors Inc. raised its holdings in Flywire by 13.6% in the third quarter. Values First Advisors Inc. now owns 31,747 shares of the company's stock worth $520,000 after purchasing an additional 3,805 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Flywire in the 3rd quarter valued at about $4,843,000. Finally, Creative Planning grew its position in shares of Flywire by 36.5% in the 3rd quarter. Creative Planning now owns 29,685 shares of the company's stock worth $487,000 after buying an additional 7,940 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.
Flywire Price Performance
NASDAQ:FLYW traded up $0.16 during mid-day trading on Friday, hitting $21.93. The company's stock had a trading volume of 1,610,109 shares, compared to its average volume of 1,412,858. The business's fifty day moving average is $17.63 and its two-hundred day moving average is $17.52. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 146.20, a PEG ratio of 5.41 and a beta of 0.95. Flywire Co. has a 1 year low of $15.19 and a 1 year high of $31.54.
Analyst Ratings Changes
A number of equities research analysts recently commented on FLYW shares. Morgan Stanley increased their target price on shares of Flywire from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Wells Fargo & Company cut Flywire from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $20.00 to $18.00 in a research report on Friday, October 11th. JPMorgan Chase & Co. upped their target price on Flywire from $18.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, August 20th. B. Riley reissued a "buy" rating and issued a $30.00 price target on shares of Flywire in a report on Wednesday, October 2nd. Finally, BTIG Research cut their price objective on shares of Flywire from $27.00 to $26.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.86.
Get Our Latest Report on Flywire
Insider Buying and Selling
In other news, CTO David R. King sold 3,504 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $17.31, for a total transaction of $60,654.24. Following the completion of the transaction, the chief technology officer now directly owns 616,680 shares of the company's stock, valued at $10,674,730.80. This represents a 0.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Rob Orgel sold 3,824 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $17.31, for a total value of $66,193.44. Following the transaction, the chief operating officer now owns 473,648 shares in the company, valued at $8,198,846.88. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,966 shares of company stock valued at $480,143 over the last ninety days. Company insiders own 3.90% of the company's stock.
About Flywire
(
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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