Counterpoint Mutual Funds LLC Purchases New Shares in Flywire Corporation $FLYW

Counterpoint Mutual Funds LLC acquired a new stake in shares of Flywire Corporation (NASDAQ:FLYW) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 46,984 shares of the company’s stock, valued at approximately $547,000.

Several other institutional investors have also added to or reduced their stakes in FLYW. Global Retirement Partners LLC purchased a new stake in shares of Flywire in the 4th quarter worth about $32,000. Leonteq Securities AG boosted its stake in shares of Flywire by 267.6% during the 1st quarter. Leonteq Securities AG now owns 3,540 shares of the company’s stock valued at $41,000 after purchasing an additional 2,577 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Flywire by 78.4% during the second quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock valued at $66,000 after buying an additional 2,497 shares during the period. Royal Bank of Canada increased its position in shares of Flywire by 13.6% during the fourth quarter. Royal Bank of Canada now owns 9,025 shares of the company’s stock valued at $128,000 after buying an additional 1,081 shares during the period. Finally, Jain Global LLC purchased a new position in shares of Flywire during the fourth quarter valued at about $142,000. 95.90% of the stock is currently owned by institutional investors.

Flywire Price Performance

Shares of Flywire stock opened at $18.75 on Friday. The company has a 50-day moving average of $15.76 and a 200 day moving average of $13.86. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 81.52, a PEG ratio of 1.92 and a beta of 1.32. Flywire Corporation has a 1 year low of $10.10 and a 1 year high of $18.92.

Flywire (NASDAQ:FLYW) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. Flywire had a net margin of 4.45% and a return on equity of 3.78%. The company had revenue of $184.00 million during the quarter, compared to analysts’ expectations of $170.24 million. During the same period last year, the company posted ($0.03) EPS. Flywire’s revenue was up 40.9% on a year-over-year basis. On average, equities analysts anticipate that Flywire Corporation will post 0.28 EPS for the current year.

Insider Buying and Selling at Flywire

In other news, CEO Michael Massaro sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $15.26, for a total value of $763,000.00. Following the sale, the chief executive officer directly owned 2,678,051 shares of the company’s stock, valued at $40,867,058.26. The trade was a 1.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Rob Orgel sold 178,980 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $17.00, for a total value of $3,042,660.00. Following the completion of the sale, the chief operating officer owned 959,061 shares in the company, valued at $16,304,037. The trade was a 15.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 410,391 shares of company stock valued at $6,700,493. 5.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FLYW has been the subject of several research analyst reports. Morgan Stanley raised their price objective on shares of Flywire from $17.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. New Street Research set a $16.00 target price on Flywire in a report on Thursday, May 21st. Wall Street Zen lowered Flywire from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Deutsche Bank Aktiengesellschaft upgraded Flywire to an “outperform” rating in a research note on Wednesday, May 27th. Finally, Citigroup lifted their price target on Flywire from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.07.

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.