Centiva Capital LP Has $233,000 Holdings in Flywire Corporation $FLYW

Centiva Capital LP lessened its position in shares of Flywire Corporation (NASDAQ:FLYW) by 86.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,237 shares of the company’s stock after selling 113,527 shares during the period. Centiva Capital LP’s holdings in Flywire were worth $233,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE boosted its position in Flywire by 20.4% during the third quarter. Bank of America Corp DE now owns 955,690 shares of the company’s stock valued at $12,940,000 after acquiring an additional 161,952 shares during the last quarter. Ararat Capital Management LP bought a new position in shares of Flywire in the 3rd quarter worth about $10,492,000. Creative Planning lifted its stake in shares of Flywire by 43.3% in the 3rd quarter. Creative Planning now owns 59,072 shares of the company’s stock valued at $800,000 after purchasing an additional 17,863 shares during the period. Cooper Creek Partners Management LLC acquired a new position in shares of Flywire in the 3rd quarter valued at about $15,433,000. Finally, Harber Asset Management LLC bought a new stake in shares of Flywire during the 3rd quarter valued at about $2,631,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Flywire Stock Performance

FLYW stock opened at $12.39 on Tuesday. The stock’s 50 day simple moving average is $12.64 and its 200 day simple moving average is $13.26. The company has a market cap of $1.50 billion, a P/E ratio of 123.91, a price-to-earnings-growth ratio of 1.08 and a beta of 1.28. Flywire Corporation has a fifty-two week low of $8.20 and a fifty-two week high of $15.25.

Flywire (NASDAQ:FLYW) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $105.55 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $105.56. The firm had revenue of $157.54 million during the quarter, compared to analysts’ expectations of $144.96 million. Flywire had a return on equity of 2.76% and a net margin of 2.17%.The company’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.12) earnings per share. Equities analysts predict that Flywire Corporation will post 0.14 earnings per share for the current year.

Insider Activity at Flywire

In other Flywire news, Director Phillip John Riese sold 16,612 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $15.08, for a total transaction of $250,508.96. Following the completion of the sale, the director owned 234,493 shares in the company, valued at approximately $3,536,154.44. The trade was a 6.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Peter Butterfield sold 9,009 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $13.05, for a total transaction of $117,567.45. Following the sale, the general counsel owned 532,962 shares of the company’s stock, valued at $6,955,154.10. This trade represents a 1.66% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders acquired 251,112 shares of company stock valued at $3,477,834 and sold 39,315 shares valued at $573,620. 4.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FLYW has been the subject of several recent analyst reports. Wall Street Zen upgraded Flywire from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. The Goldman Sachs Group reduced their price objective on shares of Flywire from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. B. Riley Financial lifted their price objective on shares of Flywire from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Truist Financial dropped their target price on shares of Flywire from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Finally, Morgan Stanley upgraded shares of Flywire from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $15.00 to $17.00 in a research report on Monday, March 2nd. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.58.

Flywire Profile

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.