Aquatic Capital Management LLC Takes $923,000 Position in Flywire Co. (NASDAQ:FLYW)

Aquatic Capital Management LLC bought a new position in shares of Flywire Co. (NASDAQ:FLYW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 44,777 shares of the company's stock, valued at approximately $923,000.

A number of other large investors also recently modified their holdings of the company. Versor Investments LP acquired a new position in Flywire during the fourth quarter worth $1,118,000. Y Intercept Hong Kong Ltd increased its position in shares of Flywire by 345.3% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 96,029 shares of the company's stock worth $1,980,000 after acquiring an additional 74,465 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Flywire by 38.4% in the 4th quarter. Sei Investments Co. now owns 110,144 shares of the company's stock worth $2,271,000 after acquiring an additional 30,572 shares during the last quarter. Vanguard Group Inc. lifted its position in Flywire by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 12,087,221 shares of the company's stock valued at $249,238,000 after acquiring an additional 781,711 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Flywire by 99.7% during the 4th quarter. New York State Common Retirement Fund now owns 220,625 shares of the company's stock valued at $4,549,000 after purchasing an additional 110,124 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FLYW shares. B. Riley reissued a "buy" rating and issued a $17.00 price objective (down from $29.00) on shares of Flywire in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered Flywire from a "buy" rating to a "hold" rating and lowered their price target for the company from $26.00 to $16.00 in a research report on Wednesday, February 26th. Stephens downgraded shares of Flywire from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $26.00 to $15.00 in a report on Wednesday, February 26th. UBS Group downgraded shares of Flywire from a "buy" rating to a "neutral" rating and lowered their target price for the company from $25.00 to $15.00 in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group cut their price target on shares of Flywire from $15.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $16.00.

Flywire Stock Performance

NASDAQ:FLYW remained flat at $9.57 during trading hours on Friday. The company's stock had a trading volume of 1,421,683 shares, compared to its average volume of 1,746,588. The firm has a market capitalization of $1.18 billion, a PE ratio of 63.80, a P/E/G ratio of 1.41 and a beta of 1.22. The stock has a 50-day moving average of $9.61 and a 200 day moving average of $16.35. Flywire Co. has a twelve month low of $8.20 and a twelve month high of $23.40.

Flywire (NASDAQ:FLYW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The firm had revenue of $112.80 million during the quarter, compared to analysts' expectations of $118.85 million. Flywire had a return on equity of 2.49% and a net margin of 4.23%. As a group, equities research analysts expect that Flywire Co. will post 0.14 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Gretchen Howard purchased 8,889 shares of the business's stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of $10.94 per share, with a total value of $97,245.66. Following the acquisition, the director now directly owns 30,770 shares in the company, valued at approximately $336,623.80. This trade represents a 40.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Peter Butterfield sold 5,523 shares of the company's stock in a transaction 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 approximately $2,495,414.88. The trade was a 2.18 % decrease in their position. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.

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.