Flywire Co. (NASDAQ:FLYW) Holdings Raised by Wasatch Advisors LP

Wasatch Advisors LP grew its position in Flywire Co. (NASDAQ:FLYW - Free Report) by 62.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,741,644 shares of the company's stock after acquiring an additional 1,049,888 shares during the period. Wasatch Advisors LP owned about 2.20% of Flywire worth $56,533,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FLYW. Vanguard Group Inc. lifted its position in shares of Flywire by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 12,087,221 shares of the company's stock valued at $249,238,000 after acquiring an additional 781,711 shares in the last quarter. Jennison Associates LLC lifted its position in Flywire by 53.0% in the fourth 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. State Street Corp boosted its position in shares of 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 period. Geode Capital Management LLC boosted its position in shares of Flywire by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 2,828,430 shares of the company's stock worth $58,335,000 after buying an additional 28,944 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Flywire by 1.1% during the 4th quarter. Franklin Resources Inc. now owns 1,966,179 shares of the company's stock valued at $40,543,000 after acquiring an additional 21,818 shares during the period. Hedge funds and other institutional investors own 95.90% of the company's stock.

Flywire Trading Up 0.6 %

Shares of FLYW traded up $0.05 during mid-day trading on Friday, reaching $8.88. The company had a trading volume of 2,281,740 shares, compared to its average volume of 1,682,487. Flywire Co. has a fifty-two week low of $8.20 and a fifty-two week high of $23.40. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 59.20, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22. The firm has a fifty day simple moving average of $11.58 and a 200-day simple moving average of $16.86.

Flywire (NASDAQ:FLYW - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $118.85 million. As a group, equities analysts predict that Flywire Co. will post 0.14 EPS for the current fiscal year.

Insider Buying and Selling at Flywire

In related news, General Counsel Peter Butterfield sold 5,523 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $10.08, for a total value of $55,671.84. Following the completion of the transaction, the general counsel now owns 247,561 shares in the company, valued at $2,495,414.88. This represents a 2.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gretchen Howard bought 8,889 shares of the firm's stock in a transaction that occurred on 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 purchase, the director now directly 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 disclosure for this purchase can be found here. 3.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FLYW has been the subject of several recent research reports. UBS Group cut shares of Flywire from a "buy" rating to a "neutral" rating and decreased their price target for the company from $25.00 to $15.00 in a research report on Wednesday, February 26th. Wells Fargo & Company dropped their price target on shares of Flywire from $20.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. BTIG Research cut Flywire from a "buy" rating to a "neutral" rating in a research note on Wednesday, February 26th. Citigroup decreased their price target on Flywire from $26.00 to $13.00 and set a "buy" rating for the company in a report on Monday, March 24th. Finally, Morgan Stanley lowered their price target on shares of Flywire from $21.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $17.00.

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.