34,651 Shares in Flywire Corporation $FLYW Purchased by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP has acquired a new stake in Flywire Corporation, purchasing 34,651 shares valued at approximately $329,000 during the 1st quarter.
• Wall Street analysts have mixed opinions on Flywire, with price targets ranging from $12.00 to $17.00 and an overall average rating of "Hold".
• Flywire's stock recently saw a 3.7% increase, currently trading at $12.21 with a market cap of $1.48 billion, though it reported a loss of ($0.09) EPS in its latest quarterly earnings.

Aigen Investment Management LP bought a new stake in Flywire Corporation (NASDAQ:FLYW - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 34,651 shares of the company's stock, valued at approximately $329,000.

Several other hedge funds also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Flywire during the fourth quarter valued at approximately $77,000. Dakota Wealth Management raised its holdings in Flywire by 8.7% in the 1st quarter. Dakota Wealth Management now owns 13,334 shares of the company's stock valued at $127,000 after acquiring an additional 1,066 shares during the last quarter. AE Wealth Management LLC acquired a new position in Flywire in the 1st quarter valued at $130,000. Cetera Investment Advisers purchased a new position in shares of Flywire during the 4th quarter worth $225,000. Finally, State of Wyoming boosted its holdings in shares of Flywire by 80.1% during the fourth quarter. State of Wyoming now owns 10,939 shares of the company's stock worth $226,000 after purchasing an additional 4,865 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Flywire Stock Up 2.2%

FLYW stock traded up $0.28 during midday trading on Monday, hitting $12.65. 1,305,316 shares of the company's stock were exchanged, compared to its average volume of 2,580,123. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 252.30, a price-to-earnings-growth ratio of 2.61 and a beta of 1.27. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average price of $11.36 and a 200-day moving average price of $11.67. Flywire Corporation has a 12-month low of $8.20 and a 12-month high of $23.40.

Flywire (NASDAQ:FLYW - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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%. Flywire's revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.11) earnings per share. On average, analysts anticipate that Flywire Corporation will post 0.14 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FLYW shares. Wall Street Zen upgraded Flywire from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. Royal Bank Of Canada cut their price objective on shares of Flywire from $20.00 to $17.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. UBS Group raised their target price on shares of Flywire from $11.50 to $13.50 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Wolfe Research reaffirmed a "peer perform" rating on shares of Flywire in a research report on Wednesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Flywire in a research note on Thursday, July 17th. They set a "hold" rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Flywire has an average rating of "Hold" and an average target price of $13.71.

Insider Buying and Selling

In other Flywire news, Director Edwin J. Santos sold 5,466 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $10.04, for a total transaction of $54,878.64. Following the sale, the director owned 21,990 shares in the company, valued at $220,779.60. This represents a 19.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.40% of the company's stock.

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.