SG Americas Securities LLC Has $819,000 Stock Position in Flywire Co. (NASDAQ:FLYW)

SG Americas Securities LLC boosted its position in shares of Flywire Co. (NASDAQ:FLYW - Free Report) by 337.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,709 shares of the company's stock after purchasing an additional 30,625 shares during the period. SG Americas Securities LLC's holdings in Flywire were worth $819,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in FLYW. Assenagon Asset Management S.A. lifted its position in shares of Flywire by 33.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 393,200 shares of the company's stock worth $8,108,000 after purchasing an additional 97,687 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Flywire by 0.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 224,775 shares of the company's stock valued at $4,635,000 after buying an additional 1,531 shares during the period. World Investment Advisors LLC purchased a new stake in Flywire in the 3rd quarter worth approximately $209,000. Geode Capital Management LLC boosted its stake in shares of Flywire by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,799,486 shares of the company's stock valued at $45,892,000 after buying an additional 17,062 shares during the period. Finally, Brophy Wealth Management LLC purchased a new position in shares of Flywire during the 3rd quarter valued at $263,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Flywire Price Performance

Shares of NASDAQ FLYW traded down $0.31 during trading hours on Thursday, hitting $19.53. 708,878 shares of the company's stock were exchanged, compared to its average volume of 1,596,215. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 130.20, a PEG ratio of 1.42 and a beta of 1.10. The company's 50-day moving average price is $20.52 and its 200-day moving average price is $18.82. Flywire Co. has a 1-year low of $15.19 and a 1-year high of $31.54.

Flywire (NASDAQ:FLYW - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.16. Flywire had a return on equity of 2.49% and a net margin of 4.23%. The company had revenue of $156.82 million during the quarter, compared to analysts' expectations of $146.44 million. During the same period in the prior year, the business earned $0.08 earnings per share. On average, research analysts expect that Flywire Co. will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

FLYW has been the subject of a number of research reports. Wells Fargo & Company cut Flywire from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $20.00 to $18.00 in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft lifted their price target on Flywire from $23.00 to $26.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Raymond James increased their price objective on Flywire from $23.00 to $27.00 and gave the stock a "strong-buy" rating in a report on Friday, November 8th. Morgan Stanley lifted their target price on shares of Flywire from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. Finally, B. Riley restated a "buy" rating and set a $30.00 price target on shares of Flywire in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Flywire presently has a consensus rating of "Moderate Buy" and an average price target of $25.38.

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.