Insider Selling: Flywire (NASDAQ:FLYW) Major Shareholder Sells $1,458,030.00 in Stock

Key Points

• Voss Capital sold 79,500 Flywire shares at an average price of $18.34, generating $1.46 million; its remaining stake was 2.25 million shares, down 3.41%. The firm also sold another 25,000 shares the following day for $471,500.
• Flywire shares traded at $18.96, near their 52-week high of $19.13, with the stock up substantially from its 50-day and 200-day moving averages. The company reported 27.2% year-over-year revenue growth to $163.8 million but missed quarterly EPS expectations.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $19.54; 95.9% of Flywire’s shares are owned by institutional investors and hedge funds.

Flywire Corporation (NASDAQ:FLYW - Get Free Report) major shareholder Voss Capital, Lp sold 79,500 shares of the business's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $18.34, for a total transaction of $1,458,030.00. Following the sale, the insider owned 2,250,000 shares in the company, valued at $41,265,000. This trade represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Voss Capital, Lp also recently made the following trade(s):

• On Wednesday, August 19th, Voss Capital, Lp sold 25,000 shares of Flywire stock. The stock was sold at an average price of $18.86, for a total transaction of $471,500.00.

Flywire Price Performance

Shares of NASDAQ FLYW traded up $0.13 during midday trading on Thursday, hitting $18.96. The company's stock had a trading volume of 377,904 shares, compared to its average volume of 1,989,248. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 72.93, a price-to-earnings-growth ratio of 1.17 and a beta of 1.34. The business's fifty day simple moving average is $17.22 and its two-hundred day simple moving average is $14.66. Flywire Corporation has a 1 year low of $10.55 and a 1 year high of $19.13.

Flywire (NASDAQ:FLYW - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.05). Flywire had a return on equity of 4.08% and a net margin of 4.77%.The business had revenue of $163.80 million for the quarter, compared to analyst estimates of $156.47 million. During the same quarter last year, the company earned ($0.10) earnings per share. Flywire's quarterly revenue was up 27.2% compared to the same quarter last year. Analysts anticipate that Flywire Corporation will post 0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FLYW. Essential Partners LLC raised its position in shares of Flywire by 219.1% during the 1st quarter. Essential Partners LLC now owns 2,288 shares of the company's stock worth $27,000 after acquiring an additional 1,571 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Flywire in the fourth quarter valued at approximately $32,000. KBC Group NV purchased a new position in Flywire in the first quarter valued at approximately $38,000. Leonteq Securities AG lifted its position in shares of Flywire by 267.6% during the 1st quarter. Leonteq Securities AG now owns 3,540 shares of the company's stock worth $41,000 after buying an additional 2,577 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Flywire by 78.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company's stock valued at $66,000 after buying an additional 2,497 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Raymond James Financial reissued an "outperform" rating and set a $22.00 target price on shares of Flywire in a research note on Wednesday, May 27th. BTIG Research reaffirmed a "buy" rating and issued a $20.00 price target on shares of Flywire in a research report on Tuesday, July 21st. Citigroup reiterated a "neutral" rating on shares of Flywire in a research note on Thursday, August 6th. Weiss Ratings downgraded Flywire from a "hold (c)" rating to a "sell (d+)" rating in a research report on Thursday, August 6th. Finally, B. Riley Financial upped their target price on shares of Flywire from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Eight equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Flywire currently has a consensus rating of "Hold" and an average price target of $19.54.

Flywire Company Profile

Flywire Corp NASDAQ: FLYW is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire's technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.

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