UBS Group AG Has $18.27 Million Position in Flywire Corporation $FLYW

UBS Group AG boosted its holdings in shares of Flywire Corporation (NASDAQ:FLYW) by 44.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,290,213 shares of the company’s stock after acquiring an additional 399,037 shares during the quarter. UBS Group AG owned approximately 1.06% of Flywire worth $18,269,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FLYW. Mangrove Partners IM LLC acquired a new position in shares of Flywire during the 3rd quarter worth $39,289,000. Wellington Management Group LLP lifted its stake in shares of Flywire by 173.3% in the 3rd quarter. Wellington Management Group LLP now owns 3,358,186 shares of the company’s stock valued at $45,470,000 after purchasing an additional 2,129,514 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new stake in shares of Flywire in the 3rd quarter valued at $15,433,000. Ameriprise Financial Inc. boosted its holdings in Flywire by 430.7% in the second quarter. Ameriprise Financial Inc. now owns 1,289,540 shares of the company’s stock worth $15,088,000 after purchasing an additional 1,046,544 shares in the last quarter. Finally, Ararat Capital Management LP acquired a new position in Flywire during the third quarter worth $10,492,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Flywire Stock Performance

Flywire stock opened at $16.66 on Wednesday. The business’s 50-day simple moving average is $13.09 and its 200-day simple moving average is $13.26. The firm has a market capitalization of $2.02 billion, a PE ratio of 72.43, a PEG ratio of 1.23 and a beta of 1.30. Flywire Corporation has a 52 week low of $9.97 and a 52 week high of $18.05.

Flywire (NASDAQ:FLYW) last announced its earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.07. Flywire had a return on equity of 3.78% and a net margin of 4.45%.The firm had revenue of $184.00 million during the quarter, compared to the consensus estimate of $170.24 million. During the same quarter in the prior year, the company earned ($0.03) EPS. The firm’s revenue for the quarter was up 40.9% compared to the same quarter last year. Research analysts forecast that Flywire Corporation will post 0.39 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Citigroup raised their target price on Flywire from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. The Goldman Sachs Group reissued a “neutral” rating and set a $17.00 price objective on shares of Flywire in a report on Wednesday, May 6th. UBS Group upped their target price on Flywire from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. BTIG Research increased their price target on Flywire from $17.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Flywire from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Flywire currently has an average rating of “Moderate Buy” and an average target price of $18.17.

Insider Activity

In other Flywire news, major shareholder Voss Capital, Lp purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were acquired at an average cost of $10.99 per share, for a total transaction of $274,750.00. Following the transaction, the insider directly owned 2,300,000 shares in the company, valued at approximately $25,277,000. The trade was a 1.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Mohit Kansal sold 16,101 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $15.90, for a total value of $256,005.90. Following the sale, the insider directly owned 567,794 shares of the company’s stock, valued at $9,027,924.60. This represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 114,511 shares of company stock valued at $1,859,470. Corporate insiders own 4.40% of the company’s stock.

Flywire Company Profile

Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.