Headlands Technologies LLC Makes New Investment in Flywire Corporation (NASDAQ:FLYW)

Headlands Technologies LLC acquired a new stake in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,825 shares of the company's stock, valued at approximately $236,000.

A number of other institutional investors have also recently made changes to their positions in FLYW. XTX Topco Ltd raised its stake in Flywire by 21.9% in the first quarter. XTX Topco Ltd now owns 34,587 shares of the company's stock worth $329,000 after buying an additional 6,224 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Flywire in the first quarter valued at $607,000. Federated Hermes Inc. purchased a new stake in shares of Flywire during the 1st quarter worth about $11,733,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Flywire by 34.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,709 shares of the company's stock worth $406,000 after acquiring an additional 10,840 shares in the last quarter. Finally, Norwood Investment Partners LP raised its position in shares of Flywire by 2.5% during the 1st quarter. Norwood Investment Partners LP now owns 445,546 shares of the company's stock worth $4,233,000 after purchasing an additional 11,000 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Flywire Stock Up 1.0%

Shares of NASDAQ FLYW traded up $0.12 during midday trading on Tuesday, reaching $11.78. The company's stock had a trading volume of 2,500,482 shares, compared to its average volume of 2,747,763. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 235.60, a PEG ratio of 2.19 and a beta of 1.27. Flywire Corporation has a fifty-two week low of $8.20 and a fifty-two week high of $23.40. The stock has a 50 day simple moving average of $11.24 and a 200-day simple moving average of $11.87. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.08.

Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). Flywire had a net margin of 1.27% and a return on equity of 1.94%. The business had revenue of $127.50 million during the quarter, compared to analyst estimates of $119.65 million. During the same quarter last year, the company posted ($0.11) earnings per share. The company's revenue was up 27.2% on a year-over-year basis. Equities research analysts predict that Flywire Corporation will post 0.14 earnings per share for the current year.

Insider Buying and Selling at Flywire

In other news, Director Edwin J. Santos sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $10.50, for a total value of $52,500.00. Following the sale, the director directly owned 16,990 shares in the company, valued at approximately $178,395. This trade represents a 22.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.40% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Flywire in a report on Thursday, July 17th. They issued a "hold" rating and a $12.00 price objective for the company. UBS Group boosted their price target on shares of Flywire from $11.50 to $13.50 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Wells Fargo & Company lowered their target price on shares of Flywire from $16.00 to $13.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 7th. Wolfe Research reiterated a "peer perform" rating on shares of Flywire in a research note on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Flywire from a "sell" rating to a "hold" rating in a research report on Sunday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $13.71.

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.