The Vanguard Group, Inc. has recently announced that it has increased stake in Flywire Corporation (NASDAQ:FLYW) by 1.08%. After grabbing 7.91 million shares, the institutional investor is now in possession of 84606.0 shares of the Technology Company. The new investment brought the stake of investor firm to 7.32% having worth around $230.82 million. Moreover, AllianceBernstein LP increased its share by 21762.0 to have a control over 5.73 million shares. And Lord, Abbett & Co. LLC raised its holdings to 0.68 million shares by acquiring 2.57 million shares or 2.37% of the stake.
Flywire Corporation (FLYW) concluded trading on 05/24/23 at a closing price of $30.36, with 1.95 million shares of worth about $59.27 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 48.10% during that period and on Wednesday the price saw a loss of about -1.27%. Currently the company’s common shares owned by public are about 109.79M shares, out of which, 101.98M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 13 analysts are covering the FLYW stock and their offered price forecasts bring an average price target of $34.58. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $39.00 and could fall to a lowest price of $28.00. The stock’s current price level is 13.26% above of average price target set by the analysts, while a rise to estimated low would result in loss of -8.43% for the stock. However, touching the estimated high of $39.00 would mean a gain of 22.15% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 369 times over the past 12 months. They bought 9,944,090 shares in 136 of the transactions. In 233 selling transactions, insiders dumped 32,929,999 shares.
Catalyst Eventide Gilead Fund, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Flywire Corporation Catalyst Eventide Gilead Fund is currently holding 3.78 million shares of worth totaling $110.19 million. The company recently came buying 2.22 million shares which brought its stake up to 3.49% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 37070.0 shares, after which its hold over company’s outstanding shares expand to 2.56%, leaving 2.77 million shares with the mutual fund that have a worth of about $80.75 million. Vanguard Small Cap Index Fund, after selling 2.32 million shares, have now control over 2.15% of the stake in the company. It holds 570.0 shares of worth $67.72 million.
Flywire Corporation (NASDAQ: FLYW) started trading at $29.97, below -$0.78 from concluding price of the previous day. Stock saw a price change of 2.26% in past 5 days and over the past one month there was a price change of 8.27%. Year-to-date (YTD), FLYW shares are showing a performance of 24.07% which increased to 62.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.56 but also hit the highest price of $32.01 during that period. The average intraday trading volume for Flywire Corporation shares is 867.50K. The stock is currently trading 3.11% above its 20-day simple moving average (SMA20), while that difference is up 5.24% for SMA50 and it goes to 21.04% higher than SMA200.
The Vanguard Group, Inc. acquired 7.91 million shares of Flywire Corporation having value of about $230.82 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 84606.0 shares in the company valued at close to $2568638.16, or have control over 1.08% stake in the company. Flywire Corporation (NASDAQ: FLYW) currently have 109.79M outstanding shares and institutions hold larger chunk of about 89.30% of that. Holding of mutual funds in the company is about 35.55% while other institutional holders and individual stake holders have control over 41.39% and 31.05% of the stake respectively.
The stock has a current market capitalization of $3.38B. It has posted earnings per share of -$0.30 in the same period. It has Quick Ratio of 3.40 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FLYW, volatility over the week remained 4.76% while standing at 4.93% over the month.
Analysts are in expectations that Flywire Corporation (FLYW) stock would likely to be making an EPS of -$0.14 in the current quarter, while forecast for next quarter EPS is $0.11 and it is -$0.01 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.16 which is -$0.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.22 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -41.10% while it is estimated to increase by 80.00% in next year.
Analysts at 13 brokerage firms have issued recommendations for the Flywire Corporation (FLYW)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.60. Out of those 13 Wall Street analysts, 12 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
