Flywire Co. (NASDAQ:FLYW) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC lessened its stake in Flywire Co. (NASDAQ:FLYW - Free Report) by 18.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 289,825 shares of the company's stock after selling 63,745 shares during the quarter. Emerald Advisers LLC owned about 0.23% of Flywire worth $4,750,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake in shares of Flywire by 87.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 223,244 shares of the company's stock worth $3,659,000 after acquiring an additional 104,336 shares during the last quarter. Values First Advisors Inc. increased its position in Flywire by 13.6% during 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 during the last quarter. Assenagon Asset Management S.A. purchased a new position in Flywire during the third quarter worth about $4,843,000. Creative Planning boosted its holdings in Flywire by 36.5% in the 3rd quarter. Creative Planning now owns 29,685 shares of the company's stock valued at $487,000 after purchasing an additional 7,940 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of Flywire by 26.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 26,300 shares of the company's stock valued at $431,000 after buying an additional 5,500 shares during the period. Hedge funds and other institutional investors own 95.90% of the company's stock.

Flywire Price Performance

FLYW stock remained flat at $17.44 during mid-day trading on Monday. The company's stock had a trading volume of 932,525 shares, compared to its average volume of 1,376,358. The company has a fifty day moving average of $17.10 and a two-hundred day moving average of $17.49. The company has a market cap of $2.18 billion, a P/E ratio of -249.14, a price-to-earnings-growth ratio of 7.47 and a beta of 0.95. Flywire Co. has a 52 week low of $15.19 and a 52 week high of $31.54.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.01). Flywire had a negative net margin of 1.85% and a negative return on equity of 1.03%. The firm had revenue of $103.68 million during the quarter, compared to analyst estimates of $100.30 million. During the same period last year, the business earned ($0.15) EPS. The firm's revenue was up 22.2% compared to the same quarter last year. Sell-side analysts predict that Flywire Co. will post 0.05 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Flywire from $18.00 to $21.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft lowered their price target on Flywire from $25.00 to $22.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. Citigroup reduced their price objective on shares of Flywire from $27.00 to $25.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. B. Riley reaffirmed a "buy" rating and set a $30.00 target price on shares of Flywire in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada reduced their price target on shares of Flywire from $34.00 to $25.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $26.07.

Insider Buying and Selling at Flywire

In other news, COO Rob Orgel sold 4,552 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total transaction of $82,118.08. Following the completion of the transaction, the chief operating officer now directly owns 477,472 shares of the company's stock, valued at approximately $8,613,594.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Rob Orgel sold 4,552 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total value of $82,118.08. Following the transaction, the chief operating officer now directly owns 477,472 shares of the company's stock, valued at $8,613,594.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Peter Butterfield sold 1,769 shares of Flywire stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total transaction of $31,912.76. Following the sale, the general counsel now owns 273,517 shares in the company, valued at $4,934,246.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,966 shares of company stock worth $480,143 over the last ninety days. Corporate insiders own 3.90% of the company's stock.

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.