Rhumbline Advisers Grows Stock Holdings in Flywire Corporation $FLYW

Rhumbline Advisers lifted its stake in Flywire Corporation (NASDAQ:FLYW) by 2.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 169,553 shares of the company’s stock after purchasing an additional 3,732 shares during the quarter. Rhumbline Advisers owned about 0.14% of Flywire worth $1,611,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Voss Capital LP raised its position in shares of Flywire by 97.6% in the 1st quarter. Voss Capital LP now owns 2,934,986 shares of the company’s stock valued at $27,882,000 after purchasing an additional 1,449,986 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Flywire in the 1st quarter valued at approximately $15,782,000. Nuveen Asset Management LLC raised its position in shares of Flywire by 79.4% in the 4th quarter. Nuveen Asset Management LLC now owns 1,610,136 shares of the company’s stock valued at $33,201,000 after purchasing an additional 712,843 shares during the last quarter. Invenomic Capital Management LP raised its position in shares of Flywire by 242.7% in the 1st quarter. Invenomic Capital Management LP now owns 1,514,615 shares of the company’s stock valued at $14,389,000 after purchasing an additional 1,072,660 shares during the last quarter. Finally, Millennium Management LLC raised its position in Flywire by 15.1% during the 1st quarter. Millennium Management LLC now owns 1,330,971 shares of the company’s stock worth $12,644,000 after buying an additional 175,007 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. B. Riley reduced their price target on shares of Flywire from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, June 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Flywire in a report on Thursday, July 17th. They set a “hold” rating and a $12.00 target price for the company. Truist Financial lifted their target price on shares of Flywire from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, July 17th. UBS Group lifted their target price on shares of Flywire from $11.50 to $13.50 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Flywire from a “sell” rating to a “hold” rating in a report on Sunday, August 10th. Five 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.71.

Flywire Trading Up 0.2%

Shares of FLYW opened at $13.56 on Friday. Flywire Corporation has a 52-week low of $8.20 and a 52-week high of $23.40. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average is $12.22 and its two-hundred day moving average is $10.95. The stock has a market cap of $1.66 billion, a PE ratio of 271.20, a price-to-earnings-growth ratio of 2.85 and a beta of 1.29.

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

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.