Deutsche Bank AG Has $3.23 Million Holdings in Flywire Co. (NASDAQ:FLYW)

Deutsche Bank AG increased its position in shares of Flywire Co. (NASDAQ:FLYW - Free Report) by 31.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,682 shares of the company's stock after purchasing an additional 37,041 shares during the period. Deutsche Bank AG owned 0.13% of Flywire worth $3,231,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FLYW. Global Retirement Partners LLC acquired a new position in Flywire in the fourth quarter valued at $30,000. Arcadia Investment Management Corp MI acquired a new position in Flywire in the fourth quarter valued at $48,000. KBC Group NV raised its holdings in shares of Flywire by 64.0% in the fourth quarter. KBC Group NV now owns 4,899 shares of the company's stock valued at $101,000 after buying an additional 1,911 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Flywire in the fourth quarter valued at about $104,000. Finally, Highland Capital Management LLC purchased a new stake in shares of Flywire in the fourth quarter valued at about $221,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Flywire Price Performance

Shares of NASDAQ:FLYW remained flat at $11.03 during trading on Monday. 1,960,713 shares of the company were exchanged, compared to its average volume of 1,763,718. Flywire Co. has a twelve month low of $8.20 and a twelve month high of $23.40. The company's 50 day moving average is $9.80 and its 200 day moving average is $15.60. The stock has a market cap of $1.34 billion, a PE ratio of 73.53, a P/E/G ratio of 1.41 and a beta of 1.22.

Flywire (NASDAQ:FLYW - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. Flywire had a net margin of 4.23% and a return on equity of 2.49%. The business had revenue of $128.70 million during the quarter, compared to the consensus estimate of $124.18 million. During the same quarter in the prior year, the firm earned ($0.05) EPS. The company's revenue for the quarter was up 17.0% compared to the same quarter last year. On average, research analysts anticipate that Flywire Co. will post 0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FLYW shares. Wells Fargo & Company cut their price target on shares of Flywire from $16.00 to $13.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Morgan Stanley lowered their price target on shares of Flywire from $21.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Citigroup lowered their price target on shares of Flywire from $26.00 to $13.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Wolfe Research reaffirmed a "peer perform" rating on shares of Flywire in a research note on Wednesday, April 23rd. Finally, The Goldman Sachs Group lifted their price target on shares of Flywire from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Flywire presently has an average rating of "Hold" and a consensus price target of $15.42.

Insider Buying and Selling

In related news, General Counsel Peter Butterfield sold 5,523 shares of the firm's stock in a transaction that occurred on 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 sale, the general counsel now directly owns 247,561 shares in the company, valued at approximately $2,495,414.88. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gretchen Howard bought 8,889 shares of Flywire stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $10.94 per share, with a total value of $97,245.66. Following the completion of the acquisition, the director now directly owns 30,770 shares of the company's stock, valued at $336,623.80. This represents a 40.62% increase in their position. The disclosure for this purchase can be found here. 3.90% of the stock is currently owned by insiders.

Flywire 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.