Russell Investments Group Ltd. Has $61,000 Stock Position in Flywire Corporation $FLYW

Russell Investments Group Ltd. trimmed its position in shares of Flywire Corporation (NASDAQ:FLYW) by 78.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,385 shares of the company’s stock after selling 23,479 shares during the period. Russell Investments Group Ltd.’s holdings in Flywire were worth $61,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FLYW. Janney Montgomery Scott LLC lifted its stake in Flywire by 571.3% during the first quarter. Janney Montgomery Scott LLC now owns 77,708 shares of the company’s stock worth $738,000 after purchasing an additional 66,133 shares during the period. ABS Direct Equity Fund LLC acquired a new stake in shares of Flywire in the first quarter valued at $950,000. Aigen Investment Management LP acquired a new stake in shares of Flywire in the first quarter valued at approximately $329,000. Virtu Financial LLC bought a new stake in shares of Flywire during the first quarter worth $251,000. Finally, Ensign Peak Advisors Inc raised its position in shares of Flywire by 825.9% during the fourth quarter. Ensign Peak Advisors Inc now owns 414,800 shares of the company’s stock worth $8,553,000 after acquiring an additional 370,000 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Flywire Stock Down 1.0%

Shares of NASDAQ FLYW opened at $13.05 on Friday. The company has a market capitalization of $1.60 billion, a P/E ratio of 261.00, a price-to-earnings-growth ratio of 2.78 and a beta of 1.29. Flywire Corporation has a 52-week low of $8.20 and a 52-week high of $23.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.87 and a current ratio of 1.87. The company’s 50 day moving average price is $11.91 and its 200-day moving average price is $11.10.

Flywire (NASDAQ:FLYW) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). Flywire had a return on equity of 1.94% and a net margin of 1.27%.The firm had revenue of $127.50 million during the quarter, compared to analyst estimates of $119.65 million. During the same quarter last year, the firm posted ($0.11) EPS. The firm’s revenue for the quarter was up 27.2% on a year-over-year basis. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts forecast that Flywire Corporation will post 0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Truist Financial lifted their price objective on Flywire from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Wall Street Zen upgraded Flywire from a “sell” rating to a “hold” rating in a report on Sunday, August 10th. The Goldman Sachs Group raised their price objective on Flywire from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft began coverage on Flywire in a report on Thursday, July 17th. They set a “hold” rating and a $12.00 price target for the company. Finally, UBS Group increased their price target on shares of Flywire from $11.50 to $13.50 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.71.

Flywire 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.