Centiva Capital LP Has $233,000 Holdings in Flywire Corporation $FLYW

Centiva Capital LP decreased its holdings in shares of Flywire Corporation (NASDAQ:FLYW) by 86.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,237 shares of the company’s stock after selling 113,527 shares during the quarter. Centiva Capital LP’s holdings in Flywire were worth $233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Voss Capital LP grew its holdings in shares of Flywire by 176.0% during the 2nd quarter. Voss Capital LP now owns 8,100,000 shares of the company’s stock valued at $94,770,000 after purchasing an additional 5,165,014 shares during the last quarter. Divisadero Street Capital Management LP lifted its stake in Flywire by 178.0% in the 2nd quarter. Divisadero Street Capital Management LP now owns 4,784,654 shares of the company’s stock valued at $55,980,000 after purchasing an additional 3,063,518 shares during the last quarter. Mangrove Partners IM LLC bought a new position in Flywire in the 3rd quarter valued at approximately $39,289,000. Azora Capital LP acquired a new stake in Flywire in the second quarter valued at approximately $33,355,000. Finally, Wellington Management Group LLP boosted its position in Flywire by 173.3% in the third quarter. Wellington Management Group LLP now owns 3,358,186 shares of the company’s stock valued at $45,470,000 after buying an additional 2,129,514 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Flywire Stock Performance

FLYW stock opened at $12.39 on Tuesday. The company has a market capitalization of $1.50 billion, a P/E ratio of 123.91, a PEG ratio of 1.08 and a beta of 1.28. The company has a fifty day moving average price of $12.64 and a 200-day moving average price of $13.26. Flywire Corporation has a 52-week low of $8.20 and a 52-week high of $15.25.

Flywire (NASDAQ:FLYW) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $105.55 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $105.56. The company had revenue of $157.54 million for the quarter, compared to analysts’ expectations of $144.96 million. Flywire had a net margin of 2.17% and a return on equity of 2.76%. Flywire’s revenue for the quarter was up 34.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. As a group, sell-side analysts forecast that Flywire Corporation will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Flywire

In related news, General Counsel Peter Butterfield sold 9,009 shares of Flywire stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $13.05, for a total value of $117,567.45. Following the transaction, the general counsel directly owned 532,962 shares of the company’s stock, valued at $6,955,154.10. The trade was a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Phillip John Riese sold 16,612 shares of Flywire stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $15.08, for a total value of $250,508.96. Following the completion of the transaction, the director directly owned 234,493 shares in the company, valued at approximately $3,536,154.44. This represents a 6.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have purchased 251,112 shares of company stock worth $3,477,834 and have sold 39,315 shares worth $573,620. Corporate insiders own 4.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on FLYW shares. Citigroup lowered their price target on shares of Flywire from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, February 26th. Zacks Research raised Flywire from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Truist Financial reduced their price objective on Flywire from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Flywire in a report on Thursday, January 22nd. Finally, Stephens upgraded Flywire from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $17.00 to $19.00 in a research report on Friday, January 16th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.58.

Flywire 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.