Twenty Acre Capital LP Grows Stock Position in Flywire Co. (NASDAQ:FLYW)

Twenty Acre Capital LP lifted its holdings in Flywire Co. (NASDAQ:FLYW) by 21.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 390,400 shares of the company’s stock after purchasing an additional 68,700 shares during the quarter. Flywire comprises 5.6% of Twenty Acre Capital LP’s holdings, making the stock its 10th biggest position. Twenty Acre Capital LP’s holdings in Flywire were worth $6,399,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quarry LP acquired a new stake in shares of Flywire during the second quarter worth $26,000. Advisors Asset Management Inc. raised 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 purchasing an additional 954 shares during the period. Headlands Technologies LLC raised its stake in shares of Flywire by 82.3% in the 2nd quarter. Headlands Technologies LLC now owns 3,343 shares of the company’s stock valued at $55,000 after purchasing an additional 1,509 shares during the period. Daiwa Securities Group Inc. bought a new stake in shares of Flywire in the second quarter valued at about $64,000. Finally, SG Americas Securities LLC acquired a new position in shares of Flywire during the third quarter worth about $149,000. 95.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wells Fargo & Company cut Flywire from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $20.00 to $18.00 in a research note on Friday, October 11th. Citigroup reduced their target price on shares of Flywire from $27.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Flywire from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley increased their price objective on shares of Flywire from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, Raymond James lifted their target price on Flywire from $23.00 to $27.00 and gave the company a “strong-buy” rating in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.86.

Flywire Stock Performance

FLYW opened at $22.71 on Friday. The stock has a fifty day moving average of $18.58 and a 200-day moving average of $17.74. The company has a market capitalization of $2.83 billion, a P/E ratio of 151.40, a P/E/G ratio of 4.49 and a beta of 0.95. Flywire Co. has a fifty-two week low of $15.19 and a fifty-two week high of $31.54.

Insider Activity at Flywire

In other news, CTO David R. King sold 3,353 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total transaction of $60,488.12. Following the completion of the sale, the chief technology officer now directly owns 620,184 shares in the company, valued at approximately $11,188,119.36. This represents a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Massaro sold 8,629 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total transaction of $155,667.16. Following the sale, the chief executive officer now owns 1,739,351 shares in the company, valued at $31,377,892.04. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,966 shares of company stock worth $480,143. Company insiders own 3.90% of the company’s stock.

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.