Schonfeld Strategic Advisors LLC Decreases Stock Holdings in Flywire Co. (NASDAQ:FLYW)

Schonfeld Strategic Advisors LLC reduced its holdings in Flywire Co. (NASDAQ:FLYW - Free Report) by 62.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,987 shares of the company's stock after selling 82,193 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Flywire were worth $1,031,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Versor Investments LP purchased a new position in Flywire in the fourth quarter worth about $1,118,000. Y Intercept Hong Kong Ltd lifted its holdings in Flywire by 345.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 96,029 shares of the company's stock valued at $1,980,000 after buying an additional 74,465 shares in the last quarter. Sei Investments Co. increased its position in Flywire by 38.4% during the 4th quarter. Sei Investments Co. now owns 110,144 shares of the company's stock valued at $2,271,000 after purchasing an additional 30,572 shares during the period. Vanguard Group Inc. lifted its position in shares of Flywire by 6.9% in 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 during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of Flywire by 99.7% during the fourth quarter. New York State Common Retirement Fund now owns 220,625 shares of the company's stock valued at $4,549,000 after purchasing an additional 110,124 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Insider Transactions at Flywire

In other Flywire news, General Counsel Peter Butterfield sold 5,523 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $10.08, for a total value of $55,671.84. Following the transaction, the general counsel now directly owns 247,561 shares in the company, valued at $2,495,414.88. The trade was a 2.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gretchen Howard purchased 8,889 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $10.94 per share, with a total value of $97,245.66. Following the acquisition, the director now directly owns 30,770 shares in the company, valued at approximately $336,623.80. The trade was a 40.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.90% of the company's stock.

Flywire Stock Up 8.1 %

Shares of FLYW opened at $10.86 on Thursday. The firm's fifty day moving average is $9.56 and its two-hundred day moving average is $16.21. The stock has a market cap of $1.34 billion, a PE ratio of 72.37, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22. 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 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 business had revenue of $128.70 million for the quarter, compared to analyst estimates of $124.18 million. During the same period last year, the company posted ($0.05) EPS. The business's revenue was up 17.0% on a year-over-year basis. As a group, research analysts anticipate that Flywire Co. will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

FLYW has been the topic of several recent research reports. Wells Fargo & Company dropped their target price on Flywire from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded Flywire from a "buy" rating to a "hold" rating and dropped their target price for the stock from $26.00 to $16.00 in a research note on Wednesday, February 26th. The Goldman Sachs Group lowered their price target on Flywire from $15.00 to $11.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $9.00 price objective (down from $16.00) on shares of Flywire in a research report on Monday, April 14th. Finally, Seaport Res Ptn downgraded shares of Flywire from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $15.54.

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.

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