73,873 Shares in Flywire Corporation $FLYW Bought by Promus Capital LLC

Key Points

• Promus Capital LLC bought a new stake of 73,873 shares in Flywire (NASDAQ:FLYW) during Q3, valued at about $1.0 million and representing roughly 0.06% of the company.
• Flywire posted a strong quarter with reported EPS $105.55 versus a consensus of ($0.01) and revenue of $157.54 million, up 34% year‑over‑year.
• Analyst coverage is mixed: MarketBeat shows a consensus rating of "Hold" with a consensus target price of $15.58, while individual firms range from Sell to Buy ratings.

Promus Capital LLC acquired a new stake in Flywire Corporation (NASDAQ:FLYW - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 73,873 shares of the company's stock, valued at approximately $1,000,000. Promus Capital LLC owned about 0.06% of Flywire at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Covestor Ltd boosted its holdings in shares of Flywire by 217.9% in the third quarter. Covestor Ltd now owns 3,233 shares of the company's stock valued at $43,000 after acquiring an additional 2,216 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Flywire by 78.4% during the second quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company's stock worth $66,000 after purchasing an additional 2,497 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Flywire in the third quarter valued at about $67,000. Arrowstreet Capital Limited Partnership purchased a new stake in Flywire in the 2nd quarter valued at approximately $119,000. Finally, Russell Investments Group Ltd. increased its position in Flywire by 220.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 10,216 shares of the company's stock worth $138,000 after purchasing an additional 7,031 shares during the period. Hedge funds and other institutional investors own 95.90% of the company's stock.

Flywire Price Performance

Shares of NASDAQ FLYW opened at $13.56 on Tuesday. The firm's 50-day moving average is $12.78 and its two-hundred day moving average is $13.28. The company has a market capitalization of $1.64 billion, a PE ratio of 135.61, a price-to-earnings-growth ratio of 1.16 and a beta of 1.28. Flywire Corporation has a 12-month low of $8.20 and a 12-month high of $15.25.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $105.55 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $105.56. Flywire had a return on equity of 2.76% and a net margin of 2.17%.The firm had revenue of $157.54 million during the quarter, compared to the consensus estimate of $144.96 million. During the same period in the previous year, the firm posted ($0.12) EPS. The company's quarterly revenue was up 34.0% compared to the same quarter last year. On average, analysts forecast that Flywire Corporation will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FLYW has been the subject of several recent analyst reports. Wall Street Zen raised Flywire from a "hold" rating to a "buy" rating in a report on Saturday, February 28th. Stephens upgraded shares of Flywire from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $17.00 to $19.00 in a research report on Friday, January 16th. Truist Financial reduced their price objective on shares of Flywire from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Tuesday, March 3rd. Morgan Stanley upgraded shares of Flywire from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $15.00 to $17.00 in a research report on Monday, March 2nd. Finally, B. Riley Financial lifted their price target on shares of Flywire from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, January 9th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Flywire currently has a consensus rating of "Hold" and a consensus target price of $15.58.

Insider Transactions at Flywire

In related news, General Counsel Peter Butterfield sold 13,327 shares of Flywire stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $15.01, for a total transaction of $200,038.27. Following the completion of the sale, the general counsel owned 374,933 shares in the company, valued at approximately $5,627,744.33. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Voss Capital, Lp bought 181,121 shares of Flywire stock in a transaction on Tuesday, December 30th. The stock was purchased at an average price of $14.15 per share, for a total transaction of $2,562,862.15. Following the completion of the acquisition, the insider owned 9,625,009 shares in the company, valued at $136,193,877.35. This represents a 1.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 251,112 shares of company stock valued at $3,477,834 and sold 39,315 shares valued at $573,620. Insiders own 4.40% of the company's stock.

Flywire Company Profile

Flywire Corp NASDAQ: FLYW is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire's technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.

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