Values First Advisors Inc. Has $520,000 Position in Flywire Co. (NASDAQ:FLYW)

Values First Advisors Inc. grew its holdings in shares of Flywire Co. (NASDAQ:FLYW) by 13.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,747 shares of the company’s stock after acquiring an additional 3,805 shares during the period. Values First Advisors Inc.’s holdings in Flywire were worth $520,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FLYW. Quarry LP acquired a new stake in Flywire during the 2nd quarter worth about $26,000. Headlands Technologies LLC acquired a new stake in shares of Flywire in the 1st quarter valued at about $46,000. Daiwa Securities Group Inc. acquired a new stake in shares of Flywire in the 2nd quarter valued at about $64,000. Advisors Asset Management Inc. grew its stake in shares of Flywire by 45.6% in the 1st quarter. Advisors Asset Management Inc. now owns 3,044 shares of the company’s stock valued at $76,000 after buying an additional 954 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Flywire in the 3rd quarter valued at about $149,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Flywire from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft reduced their target price on Flywire from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Wells Fargo & Company downgraded Flywire from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $20.00 to $18.00 in a research note on Friday, October 11th. BTIG Research reduced their target price on Flywire from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada cut their price target on Flywire from $34.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Flywire currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.07.

Insider Buying and Selling

In related news, COO Rob Orgel sold 4,552 shares of Flywire stock in a transaction that occurred 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 sale, the chief operating officer now owns 477,472 shares of the company’s stock, valued at approximately $8,613,594.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Flywire news, CTO David R. King sold 3,504 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $17.31, for a total transaction of $60,654.24. Following the sale, the chief technology officer now owns 616,680 shares in the company, valued at $10,674,730.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Rob Orgel sold 4,552 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total value of $82,118.08. Following the sale, the chief operating officer now owns 477,472 shares in the company, valued at approximately $8,613,594.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,966 shares of company stock valued at $480,143. 3.90% of the stock is owned by company insiders.

Flywire Stock Up 0.3 %

Flywire stock opened at $17.50 on Friday. Flywire Co. has a 52 week low of $15.19 and a 52 week high of $31.54. The company’s 50 day moving average price is $17.07 and its two-hundred day moving average price is $17.76. The stock has a market cap of $2.17 billion, a P/E ratio of -159.09, a P/E/G ratio of 6.94 and a beta of 0.97.

Flywire (NASDAQ:FLYW) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The company had revenue of $103.68 million during the quarter, compared to the consensus estimate of $100.30 million. Flywire had a negative return on equity of 1.03% and a negative net margin of 1.85%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.15) EPS. On average, equities analysts anticipate that Flywire Co. will post 0.05 EPS for the current year.

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.