Lisanti Capital Growth LLC Acquires 225,610 Shares of Flywire Corporation $FLYW

Lisanti Capital Growth LLC acquired a new stake in shares of Flywire Corporation (NASDAQ:FLYW) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 225,610 shares of the company’s stock, valued at approximately $3,948,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of Flywire by 1.2% in the 2nd quarter. Wellington Management Group LLP now owns 5,340,579 shares of the company’s stock worth $93,834,000 after purchasing an additional 64,998 shares during the last quarter. Jennison Associates LLC lifted its holdings in Flywire by 19.9% during the 1st quarter. Jennison Associates LLC now owns 5,298,881 shares of the company’s stock valued at $61,679,000 after purchasing an additional 878,248 shares during the last quarter. Wasatch Advisors LP bought a new position in Flywire during the 2nd quarter valued at about $44,026,000. Dimensional Fund Advisors LP lifted its holdings in Flywire by 18.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,886,865 shares of the company’s stock valued at $21,962,000 after purchasing an additional 295,960 shares during the last quarter. Finally, One Way Holdings LLC boosted its position in Flywire by 7.2% in the third quarter. One Way Holdings LLC now owns 1,131,863 shares of the company’s stock valued at $19,808,000 after buying an additional 76,310 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company’s stock.

Flywire Trading Down 0.4%

Flywire stock opened at $22.25 on Thursday. Flywire Corporation has a 1 year low of $10.55 and a 1 year high of $22.59. The company has a market cap of $2.71 billion, a PE ratio of 37.08, a PEG ratio of 0.89 and a beta of 1.32. The company’s 50-day moving average is $18.67 and its two-hundred day moving average is $15.82.

Flywire (NASDAQ:FLYW) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.31 by $0.26. The company had revenue of $250.30 million during the quarter, compared to analysts’ expectations of $233.25 million. Flywire had a net margin of 10.34% and a return on equity of 9.25%. Flywire’s revenue was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 EPS. Research analysts forecast that Flywire Corporation will post 0.64 EPS for the current year.

Insider Buying and Selling at Flywire

In other news, insider David R. King sold 55,325 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $20.05, for a total value of $1,109,266.25. Following the transaction, the insider owned 147,079 shares of the company’s stock, valued at $2,948,933.95. This represents a 27.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp sold 172,973 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $19.19, for a total value of $3,319,351.87. Following the completion of the transaction, the insider directly owned 369,168 shares in the company, valued at approximately $7,084,333.92. This trade represents a 31.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 653,996 shares of company stock valued at $12,466,115. 5.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Seaport Research Partners reaffirmed a “buy” rating and set a $22.00 price objective on shares of Flywire in a research note on Monday, August 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Flywire in a report on Wednesday, September 30th. JPMorgan Chase & Co. lifted their target price on shares of Flywire from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, November 4th. The Goldman Sachs Group reissued a “neutral” rating and issued a $22.00 target price on shares of Flywire in a report on Wednesday, August 5th. Finally, Truist Financial boosted their target price on Flywire from $19.00 to $23.00 and gave the stock a “hold” rating in a report on Wednesday. Seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Flywire currently has an average rating of “Hold” and a consensus target price of $22.58.

Flywire Profile

Flywire Corporation is a global payments and software company that helps businesses and institutions manage domestic and cross-border payments. Its platform connects payment processing with organizations’ existing systems and supports multiple currencies and local payment methods. The company serves customers in sectors including education, healthcare, travel and business-to-business services. Its offerings help organizations collect payments from customers and manage related payment workflows, including international transactions.