30,000 Shares in Flywire Corporation $FLYW Acquired by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC acquired a new stake in Flywire Corporation (NASDAQ:FLYW) in the second quarter, according to its most recent filing with the SEC. The fund acquired 30,000 shares of the company’s stock, valued at approximately $527,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wasatch Advisors LP purchased a new stake in shares of Flywire during the second quarter worth $44,026,000. Voss Capital LP grew its position in shares of Flywire by 21.5% in the fourth quarter. Voss Capital LP now owns 11,750,000 shares of the company’s stock valued at $166,380,000 after purchasing an additional 2,080,202 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Flywire by 1,334.6% in the second quarter. California State Teachers Retirement System now owns 2,103,094 shares of the company’s stock valued at $36,951,000 after purchasing an additional 1,956,492 shares in the last quarter. Jennison Associates LLC raised its stake in shares of 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 period. Finally, BNP Paribas Financial Markets raised its stake in shares of Flywire by 103.3% during the 4th quarter. BNP Paribas Financial Markets now owns 1,023,958 shares of the company’s stock valued at $14,499,000 after purchasing an additional 520,256 shares during the period. Institutional investors own 95.90% of the company’s stock.

Insider Activity

In other news, General Counsel Peter Butterfield sold 12,156 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $17.99, for a total value of $218,686.44. Following the completion of the sale, the general counsel directly owned 601,022 shares of the company’s stock, valued at $10,812,385.78. This trade represents a 1.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mohit Kansal sold 3,650 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $16.96, for a total value of $61,904.00. Following the transaction, the insider directly owned 500,670 shares in the company, valued at approximately $8,491,363.20. This represents a 0.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 559,368 shares of company stock worth $10,616,237 over the last 90 days. 5.00% of the stock is currently owned by insiders.

Flywire Trading Up 1.3%

Shares of FLYW opened at $18.10 on Tuesday. Flywire Corporation has a 12-month low of $10.55 and a 12-month high of $19.73. The company has a market cap of $2.20 billion, a PE ratio of 69.62, a price-to-earnings-growth ratio of 1.14 and a beta of 1.30. The stock has a 50-day moving average price of $17.92 and a 200-day moving average price of $15.59.

Flywire (NASDAQ:FLYW) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). Flywire had a return on equity of 4.08% and a net margin of 4.77%.The company had revenue of $163.80 million during the quarter, compared to the consensus estimate of $156.47 million. During the same quarter last year, the company posted ($0.10) earnings per share. The firm’s revenue for the quarter was up 27.2% on a year-over-year basis. As a group, analysts predict that Flywire Corporation will post 0.4 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on FLYW. JPMorgan Chase & Co. upgraded Flywire from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $14.00 to $16.00 in a research note on Thursday, May 21st. Weiss Ratings upgraded Flywire from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, September 1st. Morgan Stanley restated an “overweight” rating and issued a $22.00 price objective on shares of Flywire in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Flywire to an “outperform” rating in a research note on Wednesday, May 27th. Finally, BTIG Research reiterated a “buy” rating on shares of Flywire in a research note on Thursday. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.23.

Flywire Company Profile

Flywire Corporation (NASDAQ: FLYW) is a global payments-enablement and software company that helps organizations accept, process and manage domestic and international payments. Its platform is designed to simplify complex payment workflows, support multiple currencies and payment methods, and provide customers with tools for reconciliation, reporting and payment tracking.

The company serves institutions and businesses in sectors including education, health care, travel and business-to-business payments.