Flywire Co. (NASDAQ:FLYW) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Flywire Co. (NASDAQ:FLYW - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 711,356 shares of the company's stock after purchasing an additional 101,431 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.57% of Flywire worth $14,668,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Global Retirement Partners LLC acquired a new stake in Flywire during the 4th quarter valued at approximately $30,000. Arcadia Investment Management Corp MI acquired a new position in Flywire during the fourth quarter valued at $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Flywire in the fourth quarter valued at $77,000. KBC Group NV grew its position in Flywire by 64.0% during the 4th quarter. KBC Group NV now owns 4,899 shares of the company's stock worth $101,000 after purchasing an additional 1,911 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in shares of Flywire during the 4th quarter valued at about $104,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FLYW shares. Royal Bank of Canada lowered their price objective on Flywire from $20.00 to $17.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Raymond James cut shares of Flywire from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $29.00 to $17.00 in a research note on Wednesday, February 26th. UBS Group downgraded Flywire from a "buy" rating to a "neutral" rating and decreased their target price for the company from $25.00 to $15.00 in a research report on Wednesday, February 26th. BTIG Research lowered shares of Flywire from a "buy" rating to a "neutral" rating in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group lifted their price target on Flywire from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Flywire presently has an average rating of "Hold" and a consensus target price of $15.42.

Insider Transactions at Flywire

In other Flywire news, General Counsel Peter Butterfield sold 5,523 shares of Flywire stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $10.08, for a total transaction of $55,671.84. Following the transaction, the general counsel now owns 247,561 shares of the company's stock, valued at $2,495,414.88. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.90% of the company's stock.

Flywire Stock Up 4.4%

NASDAQ:FLYW traded up $0.46 on Friday, reaching $10.80. 2,158,412 shares of the company's stock were exchanged, compared to its average volume of 1,788,286. Flywire Co. has a 52-week low of $8.20 and a 52-week high of $23.40. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 72.00, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22. The business has a fifty day moving average of $9.84 and a 200-day moving average of $15.36.

Flywire (NASDAQ:FLYW - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, topping 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 firm had revenue of $128.70 million for the quarter, compared to analyst estimates of $124.18 million. During the same period in the prior year, the firm earned ($0.05) earnings per share. The business's quarterly revenue was up 17.0% compared to the same quarter last year. As a group, equities analysts anticipate that Flywire Co. will post 0.14 earnings per share for the current year.

About Flywire

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.