Algert Global LLC Raises Stake in Flywire Corporation $FLYW

Key Points

• Algert Global LLC increased its stake in Flywire Corporation by 535.8%, owning 168,302 shares valued at approximately $1.6 million after acquiring an additional 141,832 shares in the first quarter.
• In the latest quarterly earnings, Flywire reported a revenue of $127.5 million, missing the earnings per share estimate but showing a 27.2% year-over-year revenue increase.
• Several brokerages have updated their price targets for Flywire, with Truist Financial raising it to $13.00, while Wells Fargo lowered it to $13.00 and B. Riley reduced it to $15.00.

Algert Global LLC raised its position in Flywire Corporation (NASDAQ:FLYW - Free Report) by 535.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,302 shares of the company's stock after purchasing an additional 141,832 shares during the period. Algert Global LLC owned about 0.14% of Flywire worth $1,599,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Flywire during the 4th quarter valued at about $77,000. Dakota Wealth Management grew its position in Flywire by 8.7% in the first 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 in the last quarter. AE Wealth Management LLC purchased a new position in shares of Flywire during the 1st quarter valued at approximately $130,000. Fox Run Management L.L.C. purchased a new position in shares of Flywire during the 1st quarter valued at approximately $153,000. Finally, Cetera Investment Advisers purchased a new position in shares of Flywire during the 4th quarter valued at approximately $225,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Flywire news, Director Edwin J. Santos sold 5,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $10.50, for a total value of $52,500.00. Following the sale, the director directly owned 16,990 shares in the company, valued at $178,395. This represents a 22.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FLYW. Truist Financial raised their price objective on Flywire from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. B. Riley lowered their price target on Flywire from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Monday, June 23rd. The Goldman Sachs Group raised their price target on Flywire from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft started coverage on Flywire in a report on Thursday, July 17th. They set a "hold" rating and a $12.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on Flywire from $16.00 to $13.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 7th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Flywire presently has an average rating of "Hold" and a consensus target price of $13.71.

Flywire Stock Up 4.4%

Shares of FLYW stock opened at $12.82 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.87 and a current ratio of 1.87. The stock's 50 day simple moving average is $11.54 and its 200 day simple moving average is $11.53. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 256.40, a PEG ratio of 2.59 and a beta of 1.27. Flywire Corporation has a twelve month low of $8.20 and a twelve month high of $23.40.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The business had revenue of $127.50 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) earnings per share. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts predict that Flywire Corporation will post 0.14 EPS for the current year.

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.

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