Flywire (NASDAQ:FLYW) Major Shareholder Voss Capital, Lp Acquires 25,000 Shares of Stock

Flywire Corporation (NASDAQ:FLYW) major shareholder Voss Capital, Lp bought 25,000 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were acquired at an average price of $10.99 per share, with a total value of $274,750.00. Following the completion of the transaction, the insider owned 2,300,000 shares of the company’s stock, valued at approximately $25,277,000. The trade was a 1.10% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

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

Flywire Stock Performance

Shares of FLYW stock opened at $11.11 on Thursday. The company has a market cap of $1.36 billion, a PE ratio of -555.22, a PEG ratio of 1.22 and a beta of 1.28. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02. The business’s fifty day simple moving average is $13.37 and its 200-day simple moving average is $13.23. Flywire Corporation has a 12-month low of $8.20 and a 12-month high of $19.75.

Institutional Trading of Flywire

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new position in shares of Flywire in the 4th quarter valued at about $32,000. Nisa Investment Advisors LLC boosted its holdings in Flywire by 194.9% in the second quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock valued at $38,000 after purchasing an additional 2,167 shares in the last quarter. Covestor Ltd increased its stake in 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 purchasing an additional 2,216 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Flywire by 78.4% in the second quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock valued at $66,000 after purchasing an additional 2,497 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Flywire during the 3rd quarter worth approximately $67,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FLYW has been the topic of a number of recent analyst reports. Citigroup upgraded Flywire to a “hold” rating in a research report on Thursday, October 23rd. UBS Group boosted their target price on Flywire from $13.50 to $15.50 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Wall Street Zen cut shares of Flywire from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Wolfe Research reiterated an “outperform” rating and set a $19.00 price target on shares of Flywire in a research report on Wednesday, November 5th. Finally, Truist Financial set a $17.00 price objective on Flywire in a report on Tuesday, January 20th. Six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.