Dynamic Technology Lab Private Ltd Makes New $1.31 Million Investment in Flywire Co. (NASDAQ:FLYW)

Dynamic Technology Lab Private Ltd bought a new position in Flywire Co. (NASDAQ:FLYW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 56,595 shares of the company's stock, valued at approximately $1,311,000.

A number of other large investors have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Flywire by 19.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,119 shares of the company's stock valued at $546,000 after buying an additional 2,805 shares during the last quarter. Victory Capital Management Inc. grew its stake in Flywire by 27.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,120,608 shares of the company's stock valued at $35,736,000 after purchasing an additional 240,211 shares in the last quarter. Picton Mahoney Asset Management increased its holdings in Flywire by 56.4% during the 3rd quarter. Picton Mahoney Asset Management now owns 280,618 shares of the company's stock worth $8,949,000 after purchasing an additional 101,250 shares during the last quarter. Arizona State Retirement System raised its position in shares of Flywire by 2.1% in the 3rd quarter. Arizona State Retirement System now owns 24,802 shares of the company's stock valued at $791,000 after purchasing an additional 501 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Flywire by 176.0% in the third quarter. Barclays PLC now owns 173,122 shares of the company's stock worth $5,522,000 after buying an additional 110,391 shares during the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.

Flywire Trading Up 1.2 %

NASDAQ FLYW traded up $0.20 during mid-day trading on Monday, hitting $16.80. The company's stock had a trading volume of 1,148,330 shares, compared to its average volume of 1,644,537. Flywire Co. has a twelve month low of $15.77 and a twelve month high of $35.80. The company's 50 day simple moving average is $21.95 and its 200 day simple moving average is $22.61. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of -149.62, a PEG ratio of 19.99 and a beta of 1.09.

Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). Flywire had a negative net margin of 2.63% and a negative return on equity of 1.56%. The business had revenue of $114.10 million during the quarter, compared to analysts' expectations of $107.81 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. The firm's quarterly revenue was up 20.9% on a year-over-year basis. As a group, research analysts forecast that Flywire Co. will post 0.02 EPS for the current year.

Insider Buying and Selling

In related news, CEO Michael Massaro sold 13,043 shares of the firm's stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $24.07, for a total transaction of $313,945.01. Following the completion of the transaction, the chief executive officer now owns 1,655,673 shares of the company's stock, valued at approximately $39,852,049.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Flywire news, CEO Michael Massaro sold 13,043 shares of the firm's stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $24.07, for a total value of $313,945.01. Following the transaction, the chief executive officer now directly owns 1,655,673 shares of the company's stock, valued at $39,852,049.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Rob Orgel sold 17,150 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $27.30, for a total value of $468,195.00. Following the completion of the sale, the chief operating officer now owns 468,285 shares of the company's stock, valued at approximately $12,784,180.50. The disclosure for this sale can be found here. Insiders have sold a total of 141,800 shares of company stock valued at $3,743,582 over the last three months. 3.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FLYW shares. William Blair reissued an "outperform" rating on shares of Flywire in a research report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft began coverage on Flywire in a report on Tuesday, February 6th. They set a "buy" rating and a $27.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Flywire from $29.00 to $32.00 and gave the company a "neutral" rating in a report on Wednesday, February 28th. The Goldman Sachs Group cut their price target on shares of Flywire from $32.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, May 9th. Finally, Truist Financial increased their price objective on shares of Flywire from $30.00 to $39.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $31.29.

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.