Harbor Capital Advisors Inc. Has $439,000 Position in Flywire Corporation $FLYW

Harbor Capital Advisors Inc. reduced its holdings in Flywire Corporation (NASDAQ:FLYW) by 6.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,493 shares of the company’s stock after selling 2,384 shares during the period. Harbor Capital Advisors Inc.’s holdings in Flywire were worth $439,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Rhumbline Advisers lifted its holdings in Flywire by 2.3% in the first quarter. Rhumbline Advisers now owns 169,553 shares of the company’s stock valued at $1,611,000 after buying an additional 3,732 shares during the period. Strs Ohio acquired a new position in Flywire in the first quarter valued at approximately $620,000. Mendon Capital Advisors Corp acquired a new stake in Flywire in the first quarter worth $919,000. Caxton Associates LLP acquired a new stake in Flywire in the first quarter worth $393,000. Finally, Goldman Sachs Group Inc. raised its holdings in Flywire by 14.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,241,226 shares of the company’s stock worth $11,792,000 after purchasing an additional 159,239 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Flywire Stock Performance

Shares of FLYW stock opened at $13.12 on Friday. The stock has a market cap of $1.60 billion, a P/E ratio of 262.40, a P/E/G ratio of 2.86 and a beta of 1.29. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.87 and a quick ratio of 1.87. The company has a fifty day moving average price of $12.26 and a two-hundred day moving average price of $10.97. Flywire Corporation has a one year low of $8.20 and a one year high of $23.40.

Flywire (NASDAQ:FLYW) last posted its 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). The company had revenue of $127.50 million for the quarter, compared to analyst estimates of $119.65 million. Flywire had a return on equity of 1.94% and a net margin of 1.27%.The business’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.11) EPS. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts predict that Flywire Corporation will post 0.14 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on FLYW. Truist Financial increased their target price on shares of Flywire from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Wall Street Zen upgraded shares of Flywire from a “sell” rating to a “hold” rating in a report on Sunday, August 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of Flywire in a report on Thursday, July 17th. They issued a “hold” rating and a $12.00 target price on the stock. B. Riley cut their target price on shares of Flywire from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, June 23rd. Finally, UBS Group increased their target price on shares of Flywire from $11.50 to $13.50 and gave the stock 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Flywire has a consensus rating of “Hold” and an average target price of $13.71.

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.