Curi RMB Capital LLC Takes $1.14 Million Position in Flywire Co. (NASDAQ:FLYW)

Curi RMB Capital LLC purchased a new stake in shares of Flywire Co. (NASDAQ:FLYW) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 69,720 shares of the company’s stock, valued at approximately $1,143,000. Curi RMB Capital LLC owned approximately 0.06% of Flywire as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. William Blair Investment Management LLC lifted its stake in shares of Flywire by 125.1% in the 2nd quarter. William Blair Investment Management LLC now owns 11,731,790 shares of the company’s stock valued at $192,284,000 after purchasing an additional 6,519,598 shares during the last quarter. Primecap Management Co. CA lifted its stake in shares of Flywire by 253.3% in the 2nd quarter. Primecap Management Co. CA now owns 1,962,633 shares of the company’s stock valued at $32,168,000 after purchasing an additional 1,407,180 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Flywire in the 2nd quarter valued at $12,642,000. Blair William & Co. IL lifted its stake in shares of Flywire by 33.4% in the 2nd quarter. Blair William & Co. IL now owns 1,810,719 shares of the company’s stock valued at $29,678,000 after purchasing an additional 453,183 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Flywire in the 2nd quarter valued at $6,886,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FLYW shares. Morgan Stanley boosted their target price on shares of Flywire from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th. Wells Fargo & Company cut shares of Flywire from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $20.00 to $18.00 in a research note on Friday, October 11th. JPMorgan Chase & Co. upped their target price on shares of Flywire from $18.00 to $21.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Citigroup cut their price objective on shares of Flywire from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, BTIG Research cut their target price on shares of Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Four research 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. Based on data from MarketBeat.com, Flywire has an average rating of “Moderate Buy” and a consensus target price of $24.86.

Flywire Stock Performance

NASDAQ FLYW opened at $21.93 on Friday. The firm has a 50-day moving average of $17.63 and a 200-day moving average of $17.52. The stock has a market cap of $2.75 billion, a PE ratio of 146.20, a P/E/G ratio of 5.41 and a beta of 0.95. Flywire Co. has a 52-week low of $15.19 and a 52-week high of $31.54.

Insider Transactions at Flywire

In other Flywire news, General Counsel Peter Butterfield sold 1,769 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total value of $31,912.76. Following the transaction, the general counsel now directly owns 273,517 shares of the company’s stock, valued at $4,934,246.68. This trade represents a 0.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Rob Orgel sold 3,824 shares of the firm’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 $66,193.44. Following the completion of the transaction, the chief operating officer now directly owns 473,648 shares in the company, valued at approximately $8,198,846.88. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,966 shares of company stock worth $480,143. 3.90% of the stock is owned by insiders.

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.