Hussman Strategic Advisors Inc. Purchases New Stake in Flywire Corporation (NASDAQ:FLYW)

Hussman Strategic Advisors Inc. purchased a new stake in Flywire Corporation (NASDAQ:FLYW - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 105,000 shares of the company's stock, valued at approximately $998,000. Hussman Strategic Advisors Inc. owned about 0.08% of Flywire at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sei Investments Co. boosted its position in Flywire by 38.4% during the 4th quarter. Sei Investments Co. now owns 110,144 shares of the company's stock worth $2,271,000 after acquiring an additional 30,572 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Flywire by 571.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 77,708 shares of the company's stock worth $738,000 after purchasing an additional 66,133 shares in the last quarter. ABS Direct Equity Fund LLC bought a new stake in shares of Flywire during the 1st quarter worth approximately $950,000. Vanguard Group Inc. raised its stake in shares of Flywire by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 12,087,221 shares of the company's stock worth $249,238,000 after purchasing an additional 781,711 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Flywire during the 4th quarter worth approximately $947,000. 95.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Royal Bank Of Canada reduced their target price on Flywire from $20.00 to $17.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft initiated coverage on Flywire in a research note on Thursday. They issued a "hold" rating and a $12.00 price objective on the stock. The Goldman Sachs Group raised their price objective on Flywire from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Wolfe Research reaffirmed a "peer perform" rating on shares of Flywire in a research note on Wednesday, April 23rd. Finally, Truist Financial raised their price objective on Flywire from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Flywire currently has a consensus rating of "Hold" and an average price target of $14.77.

Insider Transactions at Flywire

In other Flywire news, Director Edwin J. Santos sold 5,466 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $10.04, for a total value of $54,878.64. Following the completion of the transaction, the director directly owned 21,990 shares of the company's stock, valued at approximately $220,779.60. The trade was a 19.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.40% of the stock is owned by corporate insiders.

Flywire Stock Down 3.6%

Flywire stock traded down $0.41 during trading on Friday, reaching $10.84. 2,499,719 shares of the company's stock were exchanged, compared to its average volume of 1,944,719. 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 company's 50-day moving average is $11.10 and its two-hundred day moving average is $12.81. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 271.00, a PEG ratio of 1.35 and a beta of 1.28. Flywire Corporation has a 52-week low of $8.20 and a 52-week high of $23.40.

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

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.