Emerald Mutual Fund Advisers Trust Has $5.51 Million Stake in Flywire Co. (NASDAQ:FLYW)

Emerald Mutual Fund Advisers Trust increased its stake in shares of Flywire Co. (NASDAQ:FLYW - Free Report) by 38.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 267,195 shares of the company's stock after buying an additional 74,248 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.21% of Flywire worth $5,510,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in Flywire in the 4th quarter valued at $35,579,000. Voss Capital LP bought a new stake in shares of Flywire in the fourth quarter valued at about $30,621,000. Teacher Retirement System of Texas acquired a new position in shares of Flywire in the fourth quarter valued at about $24,363,000. Jennison Associates LLC increased 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. Finally, Wasatch Advisors LP raised its stake in Flywire by 62.1% in the 4th quarter. Wasatch Advisors LP now owns 2,741,644 shares of the company's stock worth $56,533,000 after purchasing an additional 1,049,888 shares in the last quarter. 95.90% of the stock is owned by institutional investors.

Insider Transactions at Flywire

In related news, Director Gretchen Howard bought 8,889 shares of the business's stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $10.94 per share, with a total value of $97,245.66. Following the acquisition, the director now owns 30,770 shares of the company's stock, valued at $336,623.80. This represents a 40.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $55,671.84. Following the completion of the sale, the general counsel now directly owns 247,561 shares of the company's stock, 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 company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada dropped their price target on shares of Flywire from $25.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Wolfe Research reissued a "peer perform" rating on shares of Flywire in a report on Wednesday, April 23rd. Morgan Stanley dropped their price target on Flywire from $21.00 to $15.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. B. Riley reiterated a "buy" rating and set a $17.00 price objective (down from $29.00) on shares of Flywire in a research note on Friday. Finally, The Goldman Sachs Group dropped their target price on shares of Flywire from $15.00 to $11.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $16.00.

Flywire Price Performance

FLYW remained flat at $9.57 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 stock has a market cap of $1.18 billion, a P/E ratio of 63.80, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22. Flywire Co. has a fifty-two week low of $8.20 and a fifty-two week high of $23.40. The firm's fifty day moving average price is $9.61 and its 200-day moving average price 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). 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 analyst estimates of $118.85 million. As a group, analysts predict that Flywire Co. will post 0.14 EPS for the current fiscal year.

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.