Creative Planning Makes New Investment in Flywire Corporation $FLYW

Creative Planning purchased a new stake in Flywire Corporation (NASDAQ:FLYW) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 41,209 shares of the company’s stock, valued at approximately $482,000.

A number of other hedge funds also recently modified their holdings of FLYW. M&G PLC bought a new stake in shares of Flywire in the second quarter worth $12,677,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Flywire by 94.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 520,597 shares of the company’s stock valued at $6,091,000 after buying an additional 252,810 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Flywire in the second quarter valued at about $1,363,000. Pekin Hardy Strauss Inc. bought a new position in shares of Flywire during the second quarter worth about $421,000. Finally, Bryce Point Capital LLC acquired a new position in shares of Flywire in the second quarter worth approximately $176,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Flywire Trading Down 1.2%

FLYW opened at $13.61 on Friday. The company has a fifty day moving average price of $13.45 and a two-hundred day moving average price of $12.38. Flywire Corporation has a 1-year low of $8.20 and a 1-year high of $21.75. The company has a market cap of $1.66 billion, a P/E ratio of -680.16, a price-to-earnings-growth ratio of 2.73 and a beta of 1.28. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02.

Flywire (NASDAQ:FLYW) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $194.10 million for the quarter, compared to analysts’ expectations of $180.07 million. Flywire had a negative net margin of 0.42% and a positive return on equity of 0.80%. The business’s revenue was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. Analysts predict that Flywire Corporation will post 0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FLYW has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Flywire in a research report on Wednesday, October 8th. Stephens reiterated an “equal weight” rating and set a $13.00 price objective on shares of Flywire in a research report on Monday, September 22nd. UBS Group boosted their target price on shares of Flywire from $13.50 to $15.50 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Wall Street Zen upgraded Flywire from a “sell” rating to a “hold” rating in a report on Sunday, August 10th. Finally, The Goldman Sachs Group boosted their price objective on Flywire from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $14.81.

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.