Flywire Co. (NASDAQ:FLYW) Shares Sold by Eventide Asset Management LLC

Eventide Asset Management LLC trimmed its holdings in shares of Flywire Co. (NASDAQ:FLYW) by 42.5% during the third quarter, Holdings Channel.com reports. The firm owned 1,767,625 shares of the company’s stock after selling 1,304,806 shares during the quarter. Eventide Asset Management LLC’s holdings in Flywire were worth $28,971,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of FLYW. Advisors Asset Management Inc. grew its holdings in Flywire by 45.6% during the first quarter. Advisors Asset Management Inc. now owns 3,044 shares of the company’s stock worth $76,000 after acquiring an additional 954 shares during the period. Public Employees Retirement Association of Colorado acquired a new position in Flywire during the first quarter worth about $358,000. Harbor Capital Advisors Inc. grew its holdings in Flywire by 139.7% during the second quarter. Harbor Capital Advisors Inc. now owns 118,908 shares of the company’s stock worth $1,949,000 after acquiring an additional 69,304 shares during the period. Dakota Wealth Management acquired a new position in Flywire during the second quarter worth about $199,000. Finally, Gilliland Jeter Wealth Management LLC grew its holdings in Flywire by 104.3% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 11,801 shares of the company’s stock worth $193,000 after acquiring an additional 6,025 shares during the period. 95.90% of the stock is owned by institutional investors and hedge funds.

Flywire Stock Up 3.7 %

Shares of FLYW stock opened at $23.30 on Friday. Flywire Co. has a 12 month low of $15.19 and a 12 month high of $31.54. The firm has a market cap of $2.90 billion, a PE ratio of 155.33, a price-to-earnings-growth ratio of 4.49 and a beta of 0.95. The stock has a 50 day moving average of $18.45 and a 200-day moving average of $17.70.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BTIG Research lowered their target price on Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on Flywire from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Wells Fargo & Company cut Flywire from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $20.00 to $18.00 in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on Flywire from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Citigroup reduced their price target on Flywire from $27.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Flywire has an average rating of “Moderate Buy” and a consensus price target of $24.86.

Insider Buying and Selling

In other news, CTO David R. King sold 3,504 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $17.31, for a total transaction of $60,654.24. Following the transaction, the chief technology officer now owns 616,680 shares in the company, valued at approximately $10,674,730.80. The trade was a 0.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Rob Orgel sold 3,824 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $17.31, for a total transaction of $66,193.44. Following the completion of the sale, the chief operating officer now owns 473,648 shares of the company’s stock, valued at approximately $8,198,846.88. The trade was a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over 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 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.