Emerald Mutual Fund Advisers Trust Acquires 74,248 Shares of Flywire Co. (NASDAQ:FLYW)

Emerald Mutual Fund Advisers Trust raised its stake in Flywire Co. (NASDAQ:FLYW) by 38.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 267,195 shares of the company’s stock after purchasing an additional 74,248 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Flywire were worth $5,510,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Barclays PLC lifted its stake in Flywire by 361.4% during the 3rd quarter. Barclays PLC now owns 197,493 shares of the company’s stock valued at $3,236,000 after acquiring an additional 154,694 shares during the period. World Investment Advisors LLC purchased a new stake in Flywire during the third quarter valued at approximately $209,000. Harbor Capital Advisors Inc. lifted its stake in Flywire by 0.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 224,775 shares of the company’s stock worth $4,635,000 after purchasing an additional 1,531 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Flywire by 33.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 393,200 shares of the company’s stock valued at $8,108,000 after purchasing an additional 97,687 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Flywire by 337.1% during the fourth quarter. SG Americas Securities LLC now owns 39,709 shares of the company’s stock worth $819,000 after buying an additional 30,625 shares during the period. Institutional investors own 95.90% of the company’s stock.

Flywire Stock Performance

Shares of NASDAQ:FLYW opened at $9.08 on Tuesday. The company has a 50-day simple moving average of $10.28 and a 200 day simple moving average of $16.56. The company has a market capitalization of $1.12 billion, a P/E ratio of 60.53, 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) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). The firm had revenue of $112.80 million for the quarter, compared to analyst estimates of $118.85 million. Flywire had a return on equity of 2.49% and a net margin of 4.23%. As a group, equities analysts forecast that Flywire Co. will post 0.14 earnings per share for the current year.

Insider Buying and Selling at Flywire

In related 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 of the company’s stock, valued at approximately $2,495,414.88. The trade was a 2.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gretchen Howard acquired 8,889 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were acquired at an average cost of $10.94 per share, for a total transaction of $97,245.66. Following the completion of the acquisition, the director now owns 30,770 shares of the company’s stock, 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. Corporate insiders own 3.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FLYW. Citigroup reduced their price objective on Flywire from $26.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Stephens cut Flywire from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $26.00 to $15.00 in a report on Wednesday, February 26th. BTIG Research lowered Flywire from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 26th. Seaport Res Ptn cut Flywire from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $9.00 target price (down previously from $16.00) on shares of Flywire in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Flywire has a consensus rating of “Hold” and a consensus price target of $17.00.

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.