Azora Capital LP Makes New $33.36 Million Investment in Flywire Corporation $FLYW

Azora Capital LP acquired a new stake in shares of Flywire Corporation (NASDAQ:FLYW) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,850,897 shares of the company’s stock, valued at approximately $33,355,000. Flywire accounts for about 1.5% of Azora Capital LP’s investment portfolio, making the stock its 25th largest position. Azora Capital LP owned approximately 2.35% of Flywire as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Rhumbline Advisers boosted its stake in shares of Flywire by 2.3% during the 1st 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 last quarter. Jump Financial LLC acquired a new stake in Flywire in the first quarter valued at $2,036,000. Aigen Investment Management LP bought a new position in Flywire during the 1st quarter valued at $329,000. HighTower Advisors LLC acquired a new position in Flywire during the 1st quarter worth $227,000. Finally, Virtu Financial LLC acquired a new position in Flywire during the 1st quarter worth $251,000. 95.90% of the stock is owned by institutional investors and hedge funds.

Flywire Trading Up 0.7%

NASDAQ:FLYW opened at $13.59 on Wednesday. The firm has a market capitalization of $1.66 billion, a P/E ratio of -679.16, a P/E/G ratio of 2.67 and a beta of 1.28. The business has a 50 day simple moving average of $13.45 and a 200 day simple moving average of $12.43. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.53 and a quick ratio of 1.53. Flywire Corporation has a 12-month low of $8.20 and a 12-month high of $21.75.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FLYW shares. Wolfe Research restated an “outperform” rating and issued a $19.00 target price on shares of Flywire in a research note on Wednesday, November 5th. Zacks Research raised Flywire from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Stephens reaffirmed an “equal weight” rating and set a $13.00 target price on shares of Flywire in a report on Monday, September 22nd. Citigroup upgraded Flywire to a “hold” rating in a research report on Thursday, October 23rd. Finally, The Goldman Sachs Group boosted their price target on Flywire from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $14.81.

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.