Flywire Co. (NASDAQ:FLYW) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lowered its holdings in Flywire Co. (NASDAQ:FLYW - Free Report) by 2.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,691,756 shares of the company's stock after selling 38,788 shares during the period. Wasatch Advisors LP owned approximately 1.35% of Flywire worth $27,728,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC raised its position in Flywire by 5.3% in the 3rd quarter. Jennison Associates LLC now owns 2,226,750 shares of the company's stock valued at $36,496,000 after purchasing an additional 112,218 shares in the last quarter. Curi RMB Capital LLC acquired a new stake in Flywire in the third quarter valued at approximately $1,143,000. Harbor Capital Advisors Inc. lifted its stake in Flywire by 139.7% in the second quarter. Harbor Capital Advisors Inc. now owns 118,908 shares of the company's stock worth $1,949,000 after acquiring an additional 69,304 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in Flywire by 19.3% during the 3rd quarter. Westfield Capital Management Co. LP now owns 6,226,912 shares of the company's stock worth $102,059,000 after acquiring an additional 1,006,516 shares in the last quarter. Finally, Ensign Peak Advisors Inc acquired a new position in Flywire during the 2nd quarter worth approximately $734,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FLYW has been the topic of a number of analyst reports. Morgan Stanley raised their price objective on shares of Flywire from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Citigroup decreased their price target on Flywire from $27.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. B. Riley reiterated a "buy" rating and issued a $30.00 price objective on shares of Flywire in a report on Wednesday, October 2nd. BTIG Research cut their target price on Flywire from $27.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company downgraded Flywire from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $20.00 to $18.00 in a report on Friday, October 11th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $24.86.

Insider Buying and Selling

In other news, COO Rob Orgel sold 4,552 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total transaction of $82,118.08. Following the transaction, the chief operating officer now directly owns 477,472 shares in the company, valued at $8,613,594.88. The trade was a 0.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO David R. King sold 3,504 shares of the firm's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $17.31, for a total transaction of $60,654.24. Following the completion of the sale, the chief technology officer now owns 616,680 shares of the company's stock, valued at approximately $10,674,730.80. The trade was a 0.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,966 shares of company stock valued at $480,143 over the last quarter. 3.90% of the stock is currently owned by insiders.

Flywire Stock Performance

Flywire stock traded down $0.59 during midday trading on Friday, hitting $22.71. 854,150 shares of the company's stock were exchanged, compared to its average volume of 1,675,450. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 151.40, a price-to-earnings-growth ratio of 4.38 and a beta of 0.95. Flywire Co. has a 12-month low of $15.19 and a 12-month high of $31.54. The firm's 50 day simple moving average is $18.70 and its 200 day simple moving average is $17.78.

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.