Insider Buying: Flywire (NASDAQ:FLYW) Major Shareholder Purchases $274,750.00 in Stock

Flywire Corporation (NASDAQ:FLYW) major shareholder Voss Capital, Lp purchased 25,000 shares of the business’s stock in a transaction on Friday, February 13th. The shares were bought at an average price of $10.99 per share, for a total transaction of $274,750.00. Following the purchase, the insider directly owned 2,300,000 shares in the company, valued at $25,277,000. This represents a 1.10% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Voss Capital, Lp also recently made the following trade(s):

• On Wednesday, December 31st, Voss Capital, Lp bought 44,991 shares of Flywire stock. The stock was purchased at an average cost of $14.23 per share, for a total transaction of $640,221.93.
• On Tuesday, December 30th, Voss Capital, Lp purchased 181,121 shares of Flywire stock. The shares were purchased at an average cost of $14.15 per share, with a total value of $2,562,862.15.

Flywire Stock Performance

Shares of FLYW stock traded up $0.32 during mid-day trading on Wednesday, reaching $11.11. The stock had a trading volume of 1,640,435 shares, compared to its average volume of 1,313,579. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02. Flywire Corporation has a 1-year low of $8.20 and a 1-year high of $19.75. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of -555.22, a PEG ratio of 1.24 and a beta of 1.28. The business’s fifty day moving average is $13.43 and its 200-day moving average is $13.24.

Institutional Investors Weigh In On Flywire

Several large investors have recently bought and sold shares of FLYW. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Flywire by 3.4% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,086 shares of the company’s stock worth $326,000 after acquiring an additional 800 shares during the last quarter. Royal Bank of Canada lifted its stake in Flywire by 13.6% during the fourth quarter. Royal Bank of Canada now owns 9,025 shares of the company’s stock worth $128,000 after purchasing an additional 1,081 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Flywire by 194.9% during the second quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock worth $38,000 after buying an additional 2,167 shares during the period. Covestor Ltd grew its stake in shares of Flywire by 217.9% in the third quarter. Covestor Ltd now owns 3,233 shares of the company’s stock valued at $43,000 after buying an additional 2,216 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Flywire in the 4th quarter valued at $32,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Flywire from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Truist Financial set a $17.00 target price on Flywire in a report on Tuesday, January 20th. The Goldman Sachs Group boosted their price target on Flywire from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Stephens raised shares of Flywire from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $17.00 to $19.00 in a research note on Friday, January 16th. Finally, UBS Group boosted their target price on shares of Flywire from $13.50 to $15.50 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.73.

About Flywire

Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.