XTX Topco Ltd Buys Shares of 13,560 Flywire Co. (NASDAQ:FLYW)

XTX Topco Ltd purchased a new position in shares of Flywire Co. (NASDAQ:FLYW) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,560 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FLYW. Nebula Research & Development LLC acquired a new stake in Flywire during the fourth quarter valued at approximately $1,082,000. Bullseye Asset Management LLC raised its position in shares of Flywire by 123.4% during the 4th quarter. Bullseye Asset Management LLC now owns 98,325 shares of the company’s stock valued at $2,276,000 after acquiring an additional 54,306 shares in the last quarter. Eagle Asset Management Inc. bought a new position in Flywire during the fourth quarter worth $9,505,000. Vanguard Group Inc. boosted its holdings in Flywire by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 10,761,286 shares of the company’s stock worth $249,124,000 after purchasing an additional 243,523 shares during the period. Finally, Gillson Capital LP increased its stake in Flywire by 27.0% during the fourth quarter. Gillson Capital LP now owns 265,775 shares of the company’s stock valued at $6,153,000 after purchasing an additional 56,428 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Flywire Price Performance

Flywire stock opened at $16.47 on Monday. Flywire Co. has a 12-month low of $15.19 and a 12-month high of $32.84. The stock has a market capitalization of $2.05 billion, a PE ratio of -149.73, a price-to-earnings-growth ratio of 5.42 and a beta of 0.98. The firm has a 50 day simple moving average of $17.62 and a 200-day simple moving average of $18.73.

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

Insiders Place Their Bets

In other news, CTO David R. King sold 3,353 shares of Flywire stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total value of $60,488.12. Following the transaction, the chief technology officer now owns 620,184 shares of the company’s stock, valued at approximately $11,188,119.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CTO David R. King sold 3,353 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total transaction of $60,488.12. Following the completion of the sale, the chief technology officer now directly owns 620,184 shares in the company, valued at $11,188,119.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CTO David R. King sold 3,504 shares of Flywire stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $17.31, for a total transaction of $60,654.24. Following the completion of the transaction, the chief technology officer now owns 616,680 shares in the company, valued at approximately $10,674,730.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,966 shares of company stock worth $480,143. 3.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FLYW shares. Wells Fargo & Company decreased their price target on shares of Flywire from $25.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lowered their target price on Flywire from $25.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Citigroup reduced their price objective on Flywire from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. BTIG Research dropped their target price on Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada lowered their price target on shares of Flywire from $34.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Three research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.92.

Flywire Company 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.