Trexquant Investment LP Increases Stake in Flywire Co. (NASDAQ:FLYW)

Trexquant Investment LP boosted its position in shares of Flywire Co. (NASDAQ:FLYW - Free Report) by 123.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 517,926 shares of the company's stock after acquiring an additional 285,662 shares during the quarter. Trexquant Investment LP owned 0.42% of Flywire worth $10,680,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FLYW. Geode Capital Management LLC raised its holdings in shares of Flywire by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 2,828,430 shares of the company's stock valued at $58,335,000 after purchasing an additional 28,944 shares during the period. Franklin Resources Inc. lifted its position in shares of Flywire by 1.1% in the fourth quarter. Franklin Resources Inc. now owns 1,966,179 shares of the company's stock valued at $40,543,000 after buying an additional 21,818 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Flywire by 1.3% during the 4th quarter. Alliancebernstein L.P. now owns 145,705 shares of the company's stock worth $3,004,000 after acquiring an additional 1,839 shares during the period. Rock Creek Group LP bought a new stake in Flywire in the 4th quarter valued at $1,050,000. Finally, Palogic Value Management L.P. lifted its holdings in Flywire by 5.6% during the 4th quarter. Palogic Value Management L.P. now owns 190,000 shares of the company's stock valued at $3,918,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.

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Insiders Place Their Bets

In other Flywire news, Director Gretchen Howard bought 8,889 shares of Flywire stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of $10.94 per share, with a total value of $97,245.66. Following the completion of the purchase, the director now owns 30,770 shares of the company's stock, valued at approximately $336,623.80. This represents a 40.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Peter Butterfield sold 5,523 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $10.08, for a total value of $55,671.84. Following the completion of the sale, the general counsel now directly owns 247,561 shares of the company's stock, valued at $2,495,414.88. The trade was 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 Price Performance

FLYW stock traded down $0.17 during mid-day trading on Monday, reaching $8.93. 1,636,499 shares of the company traded hands, compared to its average volume of 1,627,725. Flywire Co. has a 52-week low of $8.62 and a 52-week high of $23.90. The company has a market capitalization of $1.10 billion, a P/E ratio of 59.09, a P/E/G ratio of 1.41 and a beta of 1.22. The company has a fifty day moving average price of $14.24 and a 200-day moving average price of $17.52.

Flywire (NASDAQ:FLYW - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.12) EPS 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 firm had revenue of $112.80 million during the quarter, compared to the consensus estimate of $118.85 million. As a group, analysts forecast that Flywire Co. will post 0.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wells Fargo & Company dropped 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 report on Wednesday, February 26th. BTIG Research cut Flywire from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 26th. Citigroup lowered their price objective on shares of Flywire from $26.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Seaport Res Ptn downgraded Flywire from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Flywire from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $26.00 to $16.00 in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $17.92.

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.