Counterpoint Mutual Funds LLC Makes New Investment in Flywire Corporation $FLYW

Counterpoint Mutual Funds LLC purchased a new stake in shares of Flywire Corporation (NASDAQ:FLYW) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 46,984 shares of the company’s stock, valued at approximately $547,000.

Several other large investors have also recently made changes to their positions in the business. Voss Capital LP boosted its stake in shares of Flywire by 21.5% in the 4th quarter. Voss Capital LP now owns 11,750,000 shares of the company’s stock valued at $166,380,000 after purchasing an additional 2,080,202 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Flywire by 43.8% during the 4th quarter. Wellington Management Group LLP now owns 4,828,197 shares of the company’s stock valued at $68,367,000 after purchasing an additional 1,470,011 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Flywire by 35.2% during the 4th quarter. Jennison Associates LLC now owns 4,420,633 shares of the company’s stock valued at $62,596,000 after purchasing an additional 1,150,802 shares during the last quarter. Mangrove Partners IM LLC raised its position in Flywire by 2.8% in the 4th quarter. Mangrove Partners IM LLC now owns 2,984,076 shares of the company’s stock worth $42,255,000 after purchasing an additional 82,383 shares during the period. Finally, Marshall Wace LLP raised its position in Flywire by 32.8% in the 3rd quarter. Marshall Wace LLP now owns 1,851,327 shares of the company’s stock worth $25,067,000 after purchasing an additional 456,783 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Flywire from an “underweight” rating to a “neutral” rating and upped their price target for the company from $14.00 to $16.00 in a research report on Thursday, May 21st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 price objective on shares of Flywire in a report on Wednesday, May 6th. Truist Financial lifted their price objective on Flywire from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Wall Street Zen lowered Flywire from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, UBS Group increased their target price on Flywire from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.07.

Insider Activity

In related news, CEO Michael Massaro sold 50,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $15.26, for a total value of $763,000.00. Following the sale, the chief executive officer directly owned 2,678,051 shares of the company’s stock, valued at $40,867,058.26. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Peter Butterfield sold 6,528 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $15.08, for a total value of $98,442.24. Following the transaction, the general counsel owned 652,152 shares in the company, valued at approximately $9,834,452.16. This represents a 0.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 410,391 shares of company stock valued at $6,700,493. 5.00% of the stock is owned by corporate insiders.

Flywire Price Performance

Shares of NASDAQ FLYW opened at $18.75 on Friday. The firm’s fifty day moving average is $15.76 and its 200 day moving average is $13.86. Flywire Corporation has a 52 week low of $10.10 and a 52 week high of $18.92. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 81.52, a PEG ratio of 1.92 and a beta of 1.32.

Flywire (NASDAQ:FLYW) last announced its quarterly 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. The business had revenue of $184.00 million during the quarter, compared to analysts’ expectations of $170.24 million. Flywire had a net margin of 4.45% and a return on equity of 3.78%. The firm’s revenue for the quarter was up 40.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) EPS. Equities research analysts anticipate that Flywire Corporation will post 0.28 earnings per share for the current year.

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.