Trexquant Investment LP Acquires 285,662 Shares of Flywire Co. (NASDAQ:FLYW)

Trexquant Investment LP raised its holdings in shares of Flywire Co. (NASDAQ:FLYW) by 123.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 517,926 shares of the company’s stock after purchasing an additional 285,662 shares during the quarter. Trexquant Investment LP owned 0.42% of Flywire worth $10,680,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC bought a new position in shares of Flywire in the 4th quarter valued at about $30,000. Arcadia Investment Management Corp MI bought 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 worth $101,000 after purchasing an additional 1,911 shares during the period. Venturi Wealth Management LLC bought a new position in shares of Flywire during the 4th quarter valued at approximately $104,000. Finally, World Investment Advisors LLC purchased a new stake in Flywire during the 3rd quarter valued at $209,000. 95.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Flywire news, General Counsel Peter Butterfield sold 5,523 shares of the 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 sale, the general counsel now directly owns 247,561 shares of the company’s stock, valued at approximately $2,495,414.88. This represents a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gretchen Howard acquired 8,889 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of $10.94 per share, for a total transaction of $97,245.66. Following the transaction, the director now owns 30,770 shares in the company, 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. 3.90% of the stock is currently owned by company insiders.

Flywire Price Performance

Shares of Flywire stock opened at $9.83 on Thursday. Flywire Co. has a 1 year low of $8.62 and a 1 year high of $24.33. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 65.53, a PEG ratio of 1.41 and a beta of 1.17. The firm’s 50-day moving average is $14.62 and its two-hundred day moving average is $17.64.

Flywire (NASDAQ:FLYW) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The business had revenue of $112.80 million for the quarter, compared to analysts’ expectations of $118.85 million. Flywire had a net margin of 4.23% and a return on equity of 2.49%. On average, equities analysts expect that Flywire Co. will post 0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FLYW has been the topic of a number of analyst reports. Stephens cut shares of Flywire from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $26.00 to $15.00 in a research report on Wednesday, February 26th. Morgan Stanley decreased their price objective on shares of Flywire from $21.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. The Goldman Sachs Group dropped their target price on Flywire from $15.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday. Wells Fargo & Company reduced their price target on Flywire from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft cut Flywire from a “buy” rating to a “hold” rating and dropped their price objective for the company from $26.00 to $16.00 in a report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.92.

About Flywire

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.