Emerald Advisers LLC Raises Position in Flywire Co. (NASDAQ:FLYW)

Emerald Advisers LLC increased its position in Flywire Co. (NASDAQ:FLYW - Free Report) by 48.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 430,646 shares of the company's stock after buying an additional 140,821 shares during the quarter. Emerald Advisers LLC owned about 0.35% of Flywire worth $8,880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Flywire by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 12,087,221 shares of the company's stock worth $249,238,000 after acquiring an additional 781,711 shares during the period. FMR LLC increased its stake in Flywire by 3.6% during the 3rd quarter. FMR LLC now owns 9,408,098 shares of the company's stock worth $154,199,000 after buying an additional 326,120 shares during the period. Westfield Capital Management Co. LP lifted its holdings in Flywire by 19.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,226,912 shares of the company's stock worth $102,059,000 after buying an additional 1,006,516 shares in the last quarter. Jennison Associates LLC boosted its position in Flywire by 53.0% in the 4th quarter. Jennison Associates LLC now owns 3,406,312 shares of the company's stock valued at $70,238,000 after buying an additional 1,179,562 shares during the last quarter. Finally, State Street Corp increased its holdings in Flywire by 5.2% during the 3rd quarter. State Street Corp now owns 2,930,906 shares of the company's stock worth $48,038,000 after purchasing an additional 145,894 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.

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Flywire Stock Down 0.7 %

Shares of NASDAQ:FLYW traded down $0.07 during midday trading on Thursday, hitting $9.95. The stock had a trading volume of 2,129,116 shares, compared to its average volume of 1,581,845. The company has a market cap of $1.23 billion, a P/E ratio of 66.33, a PEG ratio of 1.41 and a beta of 1.17. The business's 50-day simple moving average is $15.42 and its 200-day simple moving average is $17.86. Flywire Co. has a 12 month low of $8.62 and a 12 month high of $25.10.

Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.11). Flywire had a net margin of 4.23% and a return on equity of 2.49%. The company had revenue of $112.80 million during the quarter, compared to the consensus estimate of $118.85 million. As a group, equities analysts predict that Flywire Co. will post 0.14 earnings per share for the current year.

Insider Buying and Selling at Flywire

In other Flywire news, General Counsel Peter Butterfield sold 5,523 shares of the company'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 sale, the general counsel now owns 247,561 shares of the company's stock, valued at approximately $2,495,414.88. This represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gretchen Howard purchased 8,889 shares of the business's stock in a transaction on Thursday, February 27th. The shares were acquired at an average price of $10.94 per share, for a total transaction of $97,245.66. Following the completion of the acquisition, the director now directly owns 30,770 shares in the company, valued at approximately $336,623.80. This represents a 40.62 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.90% of the company's stock.

Analysts Set New Price Targets

FLYW has been the subject of several research analyst reports. UBS Group downgraded shares of Flywire from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $25.00 to $15.00 in a research report on Wednesday, February 26th. Morgan Stanley decreased their target price on shares of Flywire from $21.00 to $15.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. BTIG Research downgraded Flywire from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 26th. The Goldman Sachs Group downgraded Flywire from a "buy" rating to a "neutral" rating and lowered their price target for the company from $26.00 to $15.00 in a report on Wednesday, February 26th. Finally, Seaport Res Ptn cut Flywire from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $18.23.

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.