Versor Investments LP Purchases Shares of 54,232 Flywire Co. (NASDAQ:FLYW)

Versor Investments LP acquired a new stake in shares of Flywire Co. (NASDAQ:FLYW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 54,232 shares of the company's stock, valued at approximately $1,118,000.

Several other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in Flywire during the fourth quarter valued at $30,000. Arcadia Investment Management Corp MI bought a new position in shares of Flywire in the 4th quarter valued at about $48,000. Advisors Asset Management Inc. grew its position in Flywire by 15.4% in the third quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company's stock worth $66,000 after acquiring an additional 539 shares in the last quarter. KBC Group NV increased its stake in Flywire by 64.0% during the fourth quarter. KBC Group NV now owns 4,899 shares of the company's stock worth $101,000 after acquiring an additional 1,911 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in Flywire during the fourth quarter worth approximately $104,000. 95.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FLYW has been the subject of a number of recent research reports. Stephens cut Flywire from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $26.00 to $15.00 in a report on Wednesday, February 26th. Seaport Res Ptn lowered shares of Flywire from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Citigroup cut their price objective on shares of Flywire from $27.00 to $26.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered shares of Flywire from a "buy" rating to a "hold" rating and lowered their target price for the stock from $26.00 to $16.00 in a report on Wednesday, February 26th. Finally, BTIG Research downgraded shares of Flywire from a "buy" rating to a "neutral" rating in a report 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, Flywire currently has an average rating of "Hold" and an average price target of $19.23.

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Flywire Trading Down 5.6 %

Shares of FLYW traded down $0.64 during trading hours on Monday, hitting $10.76. The company had a trading volume of 3,558,353 shares, compared to its average volume of 2,387,272. Flywire Co. has a one year low of $8.62 and a one year high of $28.24. The company's fifty day moving average price is $19.03 and its two-hundred day moving average price is $18.84. The company has a market capitalization of $1.34 billion, a PE ratio of 71.73, a price-to-earnings-growth ratio of 1.41 and a beta of 1.08.

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

Flywire Company 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.