Tudor Investment Corp ET AL Sells 18,284 Shares of Flywire Co. (NASDAQ:FLYW)

Tudor Investment Corp ET AL reduced its holdings in shares of Flywire Co. (NASDAQ:FLYW) by 4.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 414,592 shares of the company’s stock after selling 18,284 shares during the period. Tudor Investment Corp ET AL’s holdings in Flywire were worth $8,549,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new stake in shares of Flywire in the 4th quarter valued at approximately $30,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Flywire in the 4th quarter valued at approximately $48,000. KBC Group NV boosted its holdings in shares of Flywire by 64.0% in the 4th quarter. KBC Group NV now owns 4,899 shares of the company’s stock valued at $101,000 after buying an additional 1,911 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Flywire in the 4th quarter valued at approximately $104,000. Finally, World Investment Advisors LLC acquired a new stake in shares of Flywire in the 3rd quarter valued at approximately $209,000. 95.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Gretchen Howard purchased 8,889 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of $10.94 per share, for a total transaction of $97,245.66. Following the completion of the transaction, the director now owns 30,770 shares of the company’s stock, valued at approximately $336,623.80. This trade represents a 40.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Peter Butterfield sold 5,523 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $10.08, for a total value of $55,671.84. Following the completion of the transaction, the general counsel now owns 247,561 shares in the company, valued at $2,495,414.88. The trade was a 2.18 % decrease in their position. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.

Flywire Stock Performance

FLYW opened at $9.30 on Wednesday. Flywire Co. has a fifty-two week low of $8.20 and a fifty-two week high of $23.40. The company has a market capitalization of $1.15 billion, a P/E ratio of 62.00, a P/E/G ratio of 1.41 and a beta of 1.22. The stock has a fifty day moving average of $10.09 and a 200-day moving average of $16.51.

Flywire (NASDAQ:FLYW) last posted its earnings results on Tuesday, February 25th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). Flywire had a return on equity of 2.49% and a net margin of 4.23%. The firm had revenue of $112.80 million for the quarter, compared to analyst estimates of $118.85 million. On average, equities research analysts predict that Flywire Co. will post 0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FLYW shares. Morgan Stanley cut their price objective on Flywire from $21.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Citigroup cut their price objective on Flywire from $26.00 to $13.00 and set a “buy” rating for the company in a report on Monday, March 24th. Stephens downgraded Flywire from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $26.00 to $15.00 in a report on Wednesday, February 26th. Seaport Res Ptn downgraded Flywire from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded Flywire from a “buy” rating to a “hold” rating and cut their price target for the company from $26.00 to $16.00 in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.00.

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.