Adage Capital Partners GP L.L.C. Has $3.36 Million Stock Position in Flywire Co. (NASDAQ:FLYW)

Adage Capital Partners GP L.L.C. raised its position in shares of Flywire Co. (NASDAQ:FLYW - Free Report) by 196.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 163,062 shares of the company's stock after buying an additional 108,062 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.13% of Flywire worth $3,362,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Flywire by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 12,087,221 shares of the company's stock worth $249,238,000 after buying an additional 781,711 shares during the period. Jennison Associates LLC raised its position in Flywire by 53.0% during the fourth quarter. Jennison Associates LLC now owns 3,406,312 shares of the company's stock worth $70,238,000 after acquiring an additional 1,179,562 shares during the period. Geode Capital Management LLC lifted its stake in Flywire by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 2,828,430 shares of the company's stock valued at $58,335,000 after buying an additional 28,944 shares in the last quarter. Wasatch Advisors LP boosted its stake in shares of Flywire by 62.1% in the fourth quarter. Wasatch Advisors LP now owns 2,741,644 shares of the company's stock worth $56,533,000 after acquiring an additional 1,049,888 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Flywire by 1.1% during the 4th quarter. Franklin Resources Inc. now owns 1,966,179 shares of the company's stock worth $40,543,000 after purchasing an additional 21,818 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Flywire Trading Up 1.8 %

NASDAQ FLYW traded up $0.18 during trading on Monday, reaching $9.75. 1,107,969 shares of the company's stock were exchanged, compared to its average volume of 1,745,277. Flywire Co. has a fifty-two week low of $8.20 and a fifty-two week high of $23.40. The firm has a market capitalization of $1.20 billion, a PE ratio of 65.05, a P/E/G ratio of 1.41 and a beta of 1.22. The company's fifty day simple moving average is $9.61 and its 200-day simple moving average is $16.35.

Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The business had revenue of $112.80 million during the quarter, compared to analyst estimates of $118.85 million. Flywire had a net margin of 4.23% and a return on equity of 2.49%. Equities analysts forecast that Flywire Co. will post 0.14 EPS for the current fiscal year.

Insider Buying and Selling

In other news, General Counsel Peter Butterfield sold 5,523 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $10.08, for a total transaction of $55,671.84. Following the completion of the transaction, the general counsel now directly owns 247,561 shares in the company, valued at $2,495,414.88. The trade was a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gretchen Howard acquired 8,889 shares of the stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $10.94 per share, for a total transaction of $97,245.66. Following the purchase, the director now owns 30,770 shares of the company's stock, valued at $336,623.80. The trade was a 40.62 % increase in their position. The disclosure for this purchase can be found here. 3.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on FLYW. UBS Group cut shares of Flywire from a "buy" rating to a "neutral" rating and dropped their price target for the company from $25.00 to $15.00 in a research note on Wednesday, February 26th. Raymond James cut shares of Flywire from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the company from $29.00 to $17.00 in a report on Wednesday, February 26th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $9.00 price target (down previously from $16.00) on shares of Flywire in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft downgraded shares of Flywire from a "buy" rating to a "hold" rating and lowered their target price for the stock from $26.00 to $16.00 in a research note on Wednesday, February 26th. Finally, Morgan Stanley reduced their price objective on shares of Flywire from $21.00 to $15.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $16.00.

Flywire Company 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.