Emerald Mutual Fund Advisers Trust Lowers Stake in Flywire Co. (NASDAQ:FLYW)

Emerald Mutual Fund Advisers Trust decreased its position in shares of Flywire Co. (NASDAQ:FLYW) by 21.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 192,947 shares of the company’s stock after selling 52,855 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.15% of Flywire worth $3,162,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Capstone Investment Advisors LLC boosted its stake in Flywire by 131.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 26,622 shares of the company’s stock worth $660,000 after buying an additional 15,098 shares during the last quarter. Jennison Associates LLC raised its stake in Flywire by 129.7% during the first quarter. Jennison Associates LLC now owns 1,860,951 shares of the company’s stock worth $46,170,000 after purchasing an additional 1,050,924 shares during the period. RiverPark Advisors LLC grew its stake in shares of Flywire by 360.9% during the 1st quarter. RiverPark Advisors LLC now owns 14,726 shares of the company’s stock valued at $365,000 after buying an additional 11,531 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Flywire during the 1st quarter worth $363,000. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Flywire by 3.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,884 shares of the company’s stock worth $493,000 after buying an additional 702 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FLYW shares. Royal Bank of Canada lowered their price target on Flywire from $34.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. B. Riley reissued a “buy” rating and set a $30.00 target price on shares of Flywire in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price target on shares of Flywire from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Flywire from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, Citigroup decreased their price target on shares of Flywire from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.07.

Insider Activity at Flywire

In other Flywire news, COO Rob Orgel sold 4,552 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total transaction of $82,118.08. Following the completion of the sale, the chief operating officer now owns 477,472 shares in the company, valued at $8,613,594.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CTO David R. King sold 3,353 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total transaction of $60,488.12. Following the completion of the transaction, the chief technology officer now directly owns 620,184 shares in the company, valued at $11,188,119.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Rob Orgel sold 4,552 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total value of $82,118.08. Following the completion of the sale, the chief operating officer now owns 477,472 shares in the company, valued at $8,613,594.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,966 shares of company stock valued at $480,143. Corporate insiders own 3.90% of the company’s stock.

Flywire Stock Up 0.1 %

Shares of FLYW opened at $17.44 on Monday. Flywire Co. has a 52-week low of $15.19 and a 52-week high of $31.54. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of -249.14, a PEG ratio of 7.47 and a beta of 0.95. The business’s 50 day moving average is $17.11 and its two-hundred day moving average is $17.52.

Flywire (NASDAQ:FLYW) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $103.68 million during the quarter, compared to the consensus estimate of $100.30 million. During the same period in the prior year, the firm earned ($0.15) earnings per share. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, equities analysts expect that Flywire Co. will post 0.05 earnings per share for the current fiscal year.

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.