Avior Wealth Management LLC Increases Stock Holdings in Flywire Co. (NASDAQ:FLYW)

Avior Wealth Management LLC raised its stake in Flywire Co. (NASDAQ:FLYW) by 21.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,996 shares of the company’s stock after purchasing an additional 3,015 shares during the quarter. Avior Wealth Management LLC’s holdings in Flywire were worth $393,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Flywire by 13.8% in the 3rd quarter. Vanguard Group Inc. now owns 10,517,763 shares of the company’s stock valued at $335,411,000 after purchasing an additional 1,278,646 shares during the last quarter. BlackRock Inc. grew its stake in shares of Flywire by 58.7% in the 2nd quarter. BlackRock Inc. now owns 6,055,457 shares of the company’s stock valued at $187,961,000 after purchasing an additional 2,239,940 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Flywire by 9.4% in the 4th quarter. Alliancebernstein L.P. now owns 5,709,945 shares of the company’s stock valued at $139,722,000 after purchasing an additional 488,622 shares during the last quarter. Eventide Asset Management LLC grew its stake in shares of Flywire by 1.1% in the 2nd quarter. Eventide Asset Management LLC now owns 4,068,726 shares of the company’s stock valued at $126,293,000 after purchasing an additional 43,438 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in shares of Flywire by 10.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,514,112 shares of the company’s stock valued at $112,065,000 after purchasing an additional 327,994 shares during the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on Flywire from $36.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Truist Financial lifted their price target on Flywire from $30.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. UBS Group lifted their price target on Flywire from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. lifted their price target on Flywire from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, William Blair restated an “outperform” rating on shares of Flywire in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.27.

Insider Transactions at Flywire

In other news, CEO Michael Massaro sold 13,043 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $24.07, for a total value of $313,945.01. Following the completion of the transaction, the chief executive officer now directly owns 1,655,673 shares of the company’s stock, valued at $39,852,049.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Phillip John Riese sold 50,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.41, for a total value of $1,320,500.00. Following the completion of the transaction, the director now directly owns 232,037 shares in the company, valued at $6,128,097.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Massaro sold 13,043 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $24.07, for a total value of $313,945.01. Following the completion of the transaction, the chief executive officer now owns 1,655,673 shares of the company’s stock, valued at $39,852,049.11. The disclosure for this sale can be found here. Insiders sold a total of 141,800 shares of company stock valued at $3,743,582 over the last three months. 5.00% of the stock is currently owned by insiders.

Flywire Price Performance

NASDAQ FLYW opened at $20.92 on Friday. Flywire Co. has a fifty-two week low of $18.65 and a fifty-two week high of $35.80. The business has a fifty day moving average of $24.19 and a 200-day moving average of $24.06.

Flywire (NASDAQ:FLYW) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. Flywire had a negative return on equity of 1.35% and a negative net margin of 2.13%. The company had revenue of $100.55 million during the quarter, compared to analysts’ expectations of $88.52 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The business’s revenue for the quarter was up 37.6% compared to the same quarter last year. Sell-side analysts forecast that Flywire Co. will post 0.05 EPS for the current year.

Flywire Profile

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.