Flywire Corporation (NASDAQ:FLYW) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. cut its stake in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) by 82.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,877 shares of the company's stock after selling 184,898 shares during the period. Harbor Capital Advisors Inc.'s holdings in Flywire were worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Global Retirement Partners LLC bought a new stake in Flywire in the fourth quarter worth $30,000. Arcadia Investment Management Corp MI purchased a new position in shares of Flywire during the 4th quarter worth about $48,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Flywire during the 4th quarter valued at about $77,000. Venturi Wealth Management LLC bought a new position in Flywire during the 4th quarter valued at about $104,000. Finally, Cetera Investment Advisers purchased a new stake in Flywire in the 4th quarter worth about $225,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Flywire

In related news, Director Edwin J. Santos sold 5,000 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $10.50, for a total transaction of $52,500.00. Following the transaction, the director now directly owns 16,990 shares of the company's stock, valued at $178,395. This represents a 22.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.40% of the company's stock.

Flywire Stock Up 1.8%

NASDAQ:FLYW traded up $0.19 during trading hours on Wednesday, reaching $10.98. The company's stock had a trading volume of 1,078,680 shares, compared to its average volume of 1,853,205. The company has a market capitalization of $1.34 billion, a P/E ratio of 274.53, a price-to-earnings-growth ratio of 1.51 and a beta of 1.27. Flywire Corporation has a 12 month low of $8.20 and a 12 month high of $23.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.02 and a current ratio of 2.02. The stock has a 50 day moving average price of $10.12 and a two-hundred day moving average price of $14.31.

Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. Flywire had a return on equity of 1.57% and a net margin of 0.97%. The firm had revenue of $128.70 million during the quarter, compared to analyst estimates of $124.18 million. During the same period in the previous year, the company posted ($0.05) EPS. The business's revenue for the quarter was up 17.0% compared to the same quarter last year. Equities analysts predict that Flywire Corporation will post 0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Truist Financial began coverage on Flywire in a research report on Monday, June 2nd. They set a "buy" rating and a $12.00 target price for the company. Wolfe Research reaffirmed a "peer perform" rating on shares of Flywire in a research report on Wednesday, April 23rd. B. Riley reiterated a "buy" rating and set a $17.00 target price (down from $29.00) on shares of Flywire in a research report on Friday, May 2nd. JPMorgan Chase & Co. restated an "underweight" rating and issued a $9.00 price target (down from $16.00) on shares of Flywire in a report on Monday, April 14th. Finally, Stephens downgraded shares of Flywire from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $26.00 to $15.00 in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $15.15.

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.