Main Management ETF Advisors LLC Has $881,000 Holdings in Flywire Co. (NASDAQ:FLYW)

Main Management ETF Advisors LLC decreased its position in Flywire Co. (NASDAQ:FLYW) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,720 shares of the company’s stock after selling 3,840 shares during the quarter. Main Management ETF Advisors LLC’s holdings in Flywire were worth $881,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Man Group plc acquired a new stake in Flywire in the 4th quarter valued at approximately $350,000. Nuveen Asset Management LLC grew its stake in shares of Flywire by 79.4% during the 4th quarter. Nuveen Asset Management LLC now owns 1,610,136 shares of the company’s stock worth $33,201,000 after acquiring an additional 712,843 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Flywire by 4.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 160,463 shares of the company’s stock valued at $3,309,000 after purchasing an additional 7,239 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Flywire in the fourth quarter worth $5,733,000. Finally, Graham Capital Management L.P. acquired a new position in Flywire during the fourth quarter worth $396,000. 95.90% of the stock is currently owned by institutional investors.

Flywire Trading Down 1.7%

FLYW opened at $11.10 on Wednesday. The stock’s fifty day simple moving average is $9.60 and its 200 day simple moving average is $16.03. Flywire Co. has a 1-year low of $8.20 and a 1-year high of $23.40. The stock has a market cap of $1.37 billion, a PE ratio of 74.00, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22.

Flywire (NASDAQ:FLYW) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $128.70 million for the quarter, compared to the consensus estimate of $124.18 million. Flywire had a net margin of 4.23% and a return on equity of 2.49%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) earnings per share. Equities analysts forecast that Flywire Co. will post 0.14 earnings per share for the current year.

Insider Activity at Flywire

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FLYW. Raymond James lowered shares of Flywire from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $29.00 to $17.00 in a research note on Wednesday, February 26th. Royal Bank of Canada lowered their target price on Flywire from $20.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Seaport Res Ptn cut Flywire from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Wells Fargo & Company decreased their price target on Flywire from $16.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group upped their price objective on Flywire from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.62.

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.