Aquatic Capital Management LLC Invests $923,000 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 the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 44,777 shares of the company's stock, valued at approximately $923,000.

Other large investors have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in shares of Flywire during the fourth quarter valued at about $30,000. Arcadia Investment Management Corp MI bought a new stake in shares of Flywire in the 4th quarter worth approximately $48,000. KBC Group NV grew its holdings in shares of Flywire by 64.0% during the 4th quarter. KBC Group NV now owns 4,899 shares of the company's stock worth $101,000 after purchasing an additional 1,911 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Flywire during the fourth quarter valued at approximately $104,000. Finally, Highland Capital Management LLC acquired a new position in shares of Flywire in the fourth quarter valued at $221,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Flywire Stock Up 2.4 %

NASDAQ FLYW traded up $0.23 on Tuesday, reaching $9.95. The company had a trading volume of 901,677 shares, compared to its average volume of 1,748,089. Flywire Co. has a 52 week low of $8.20 and a 52 week high of $23.40. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 66.37, a PEG ratio of 1.41 and a beta of 1.22. The stock's 50 day moving average is $9.58 and its 200-day moving average is $16.29.

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

Insiders Place Their Bets

In other Flywire news, Director Gretchen Howard bought 8,889 shares of Flywire stock in a transaction dated Thursday, February 27th. The stock was bought at an average cost 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Peter Butterfield sold 5,523 shares of the stock in a transaction dated Monday, March 10th. The shares were 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 disclosure for this sale can be found here. Insiders own 3.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Seaport Res Ptn lowered shares of Flywire from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered shares of Flywire from a "buy" rating to a "hold" rating and dropped their price target for the stock from $26.00 to $16.00 in a research report on Wednesday, February 26th. B. Riley reaffirmed a "buy" rating and set a $17.00 price objective (down from $29.00) on shares of Flywire in a report on Friday. Royal Bank of Canada dropped their target price on Flywire from $25.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Finally, Stephens lowered Flywire from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $26.00 to $15.00 in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.