Headlands Technologies LLC Raises Stock Holdings in Flywire Co. (NASDAQ:FLYW)

Headlands Technologies LLC raised its position in shares of Flywire Co. (NASDAQ:FLYW) by 82.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,343 shares of the company’s stock after buying an additional 1,509 shares during the quarter. Headlands Technologies LLC’s holdings in Flywire were worth $55,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FLYW. Quest Partners LLC purchased a new position in Flywire during the 4th quarter valued at about $52,000. Daiwa Securities Group Inc. bought a new stake in shares of Flywire in the 2nd quarter worth approximately $64,000. Advisors Asset Management Inc. grew its stake in shares of Flywire by 45.6% in the 1st quarter. Advisors Asset Management Inc. now owns 3,044 shares of the company’s stock worth $76,000 after buying an additional 954 shares during the last quarter. Assetmark Inc. increased its position in Flywire by 16.9% during the 4th quarter. Assetmark Inc. now owns 5,061 shares of the company’s stock valued at $117,000 after buying an additional 733 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC raised its stake in Flywire by 104.3% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 11,801 shares of the company’s stock valued at $193,000 after buying an additional 6,025 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Insider Buying and Selling at Flywire

In other news, COO Rob Orgel sold 4,552 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total value of $82,118.08. Following the transaction, the chief operating officer now owns 477,472 shares of the company’s stock, valued at $8,613,594.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Flywire news, CTO David R. King sold 3,353 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total transaction of $60,488.12. Following the sale, the chief technology officer now directly owns 620,184 shares of the company’s stock, valued at $11,188,119.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Rob Orgel sold 4,552 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total value of $82,118.08. Following the completion of the transaction, the chief operating officer now directly owns 477,472 shares of the company’s stock, valued at approximately $8,613,594.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,966 shares of company stock valued at $480,143. Company insiders own 3.90% of the company’s stock.

Flywire Stock Up 1.1 %

NASDAQ FLYW opened at $17.99 on Tuesday. The company has a 50-day moving average price of $17.79 and a 200-day moving average price of $19.36. Flywire Co. has a 52 week low of $15.19 and a 52 week high of $32.84. The firm has a market capitalization of $2.23 billion, a P/E ratio of -163.55, a PEG ratio of 5.83 and a beta of 0.98.

Flywire (NASDAQ:FLYW) last announced its earnings results on Tuesday, August 6th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). Flywire had a negative net margin of 1.85% and a negative return on equity of 1.03%. The business had revenue of $103.68 million for the quarter, compared to analysts’ expectations of $100.30 million. During the same period in the prior year, the company posted ($0.15) earnings per share. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. As a group, equities research analysts anticipate that Flywire Co. will post 0.06 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on FLYW. Citigroup cut their target price on Flywire from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Wedbush restated a “neutral” rating and set a $18.00 price objective on shares of Flywire in a research note on Thursday, May 23rd. Wells Fargo & Company dropped their target price on shares of Flywire from $25.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. BTIG Research reduced their price target on shares of Flywire from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada decreased their price objective on shares of Flywire from $34.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $25.92.

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.