135,847 Shares in Flywire Co. (NASDAQ:FLYW) Bought by G2 Investment Partners Management LLC

G2 Investment Partners Management LLC acquired a new position in shares of Flywire Co. (NASDAQ:FLYW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 135,847 shares of the company's stock, valued at approximately $2,801,000. G2 Investment Partners Management LLC owned approximately 0.11% of Flywire as of its most recent SEC filing.

Several other large investors have also modified their holdings of FLYW. Global Retirement Partners LLC acquired a new position in Flywire in the 4th quarter worth approximately $30,000. Arcadia Investment Management Corp MI acquired a new position in Flywire in the 4th quarter worth approximately $48,000. KBC Group NV boosted its stake in Flywire by 64.0% in 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. Venturi Wealth Management LLC acquired a new position in Flywire in the 4th quarter worth approximately $104,000. Finally, World Investment Advisors LLC acquired a new position in Flywire in the 3rd quarter worth approximately $209,000. 95.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on FLYW. The Goldman Sachs Group raised their price objective on shares of Flywire from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Thursday. Citigroup decreased their price objective on shares of Flywire from $26.00 to $13.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Royal Bank of Canada decreased their price objective on shares of Flywire from $20.00 to $17.00 and set an "outperform" rating for the company in a research note on Wednesday. Wolfe Research reissued a "peer perform" rating on shares of Flywire in a research note on Wednesday, April 23rd. Finally, B. Riley reissued a "buy" rating and set a $17.00 target price (down previously from $29.00) on shares of Flywire in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Flywire presently has a consensus rating of "Hold" and a consensus target price of $15.62.

Insider Activity

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

Flywire Stock Performance

Shares of Flywire stock traded down $0.23 during midday trading on Friday, reaching $10.89. 2,043,831 shares of the company's stock traded hands, compared to its average volume of 1,725,655. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 72.60, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22. The company's 50 day simple moving average is $9.57 and its 200 day simple moving average is $16.11. Flywire Co. has a 52 week low of $8.20 and a 52 week high of $23.40.

Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $128.70 million for the quarter, compared to the consensus estimate of $124.18 million. Flywire had a net margin of 4.23% and a return on equity of 2.49%. Flywire's revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) EPS. As a group, equities research analysts predict that Flywire Co. 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.