Flywire Co. (NASDAQ:FLYW) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Flywire Co. (NASDAQ:FLYW) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 166,016 shares of the company’s stock after selling 4,951 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.14% of Flywire worth $3,843,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FLYW. UBS Group AG acquired a new position in shares of Flywire during the 3rd quarter valued at about $36,000. Tower Research Capital LLC TRC grew its holdings in Flywire by 457.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,601 shares of the company’s stock valued at $47,000 after purchasing an additional 1,314 shares during the period. Ensign Peak Advisors Inc purchased a new stake in Flywire in the third quarter valued at approximately $55,000. Advisors Asset Management Inc. increased its position in Flywire by 76.3% during the third quarter. Advisors Asset Management Inc. now owns 1,742 shares of the company’s stock worth $56,000 after purchasing an additional 754 shares during the last quarter. Finally, RiverPark Advisors LLC raised its stake in Flywire by 22.6% during the fourth quarter. RiverPark Advisors LLC now owns 3,195 shares of the company’s stock worth $74,000 after purchasing an additional 589 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Flywire Trading Down 0.7 %

FLYW opened at $20.79 on Wednesday. Flywire Co. has a twelve month low of $18.65 and a twelve month high of $35.80. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of -230.97, a PEG ratio of 8.21 and a beta of 1.02. The company has a fifty day simple moving average of $24.23 and a 200 day simple moving average of $24.11.

Flywire (NASDAQ:FLYW) last announced its earnings results on Tuesday, February 27th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $88.52 million. During the same period last year, the firm earned ($0.01) earnings per share. The company’s revenue was up 37.6% on a year-over-year basis. On average, analysts forecast that Flywire Co. will post 0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FLYW has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on Flywire from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. The Goldman Sachs Group lifted their price objective on Flywire from $29.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Truist Financial boosted their target price on Flywire from $30.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Morgan Stanley lowered shares of Flywire from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $27.00 to $30.00 in a report on Friday, March 1st. Finally, Citigroup decreased their price objective on shares of Flywire from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.27.

Insider Buying and Selling at Flywire

In other Flywire news, General Counsel Peter Butterfield sold 4,730 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $27.30, for a total value of $129,129.00. Following the transaction, the general counsel now directly owns 214,678 shares of the company’s stock, valued at approximately $5,860,709.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Phillip John Riese sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $26.41, for a total value of $1,320,500.00. Following the completion of the sale, the director now owns 232,037 shares of the company’s stock, valued at approximately $6,128,097.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Peter Butterfield sold 4,730 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $27.30, for a total transaction of $129,129.00. Following the completion of the sale, the general counsel now owns 214,678 shares in the company, valued at approximately $5,860,709.40. The disclosure for this sale can be found here. Insiders sold a total of 141,800 shares of company stock worth $3,743,582 in the last 90 days. 5.00% of the stock is owned by corporate insiders.

About Flywire

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.