Cubist Systematic Strategies LLC Boosts Stake in Flywire Corporation $FLYW

Key Points

• Cubist Systematic Strategies LLC increased its holdings in Flywire Corporation by 79.9% during Q1, owning 277,008 shares valued at approximately $2.63 million at the end of the quarter.
• Various hedge funds have made adjustments to their positions, resulting in institutional investors owning 95.90% of Flywire's stock, reflecting strong interest from the investment community.
• Wall Street analysts have mixed views on Flywire, with a consensus rating of "Hold" and a target price of $13.71, while the stock is currently trading at about $12.99.

Cubist Systematic Strategies LLC grew its position in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) by 79.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 277,008 shares of the company's stock after acquiring an additional 123,041 shares during the period. Cubist Systematic Strategies LLC owned about 0.22% of Flywire worth $2,632,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FLYW. First Trust Advisors LP purchased a new position in shares of Flywire during the 4th quarter worth approximately $297,000. Northern Trust Corp grew its holdings in shares of Flywire by 10.3% during the 4th quarter. Northern Trust Corp now owns 1,149,254 shares of the company's stock worth $23,698,000 after acquiring an additional 107,441 shares during the period. Algert Global LLC purchased a new position in shares of Flywire during the 4th quarter worth approximately $546,000. BNP Paribas Financial Markets purchased a new position in shares of Flywire during the 4th quarter worth approximately $378,000. Finally, Cetera Investment Advisers purchased a new position in shares of Flywire during the 4th quarter worth approximately $225,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FLYW shares. Truist Financial upped their target price on 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 Flywire from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. B. Riley cut their price target on Flywire from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Monday, June 23rd. Deutsche Bank Aktiengesellschaft started coverage on Flywire in a research note on Thursday, July 17th. They issued a "hold" rating and a $12.00 price target on the stock. Finally, UBS Group upped their price target on Flywire from $11.50 to $13.50 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Five 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, the stock presently has a consensus rating of "Hold" and a consensus target price of $13.71.

Flywire Stock Performance

FLYW stock opened at $12.99 on Friday. The stock has a market capitalization of $1.59 billion, a PE ratio of 259.80, a price-to-earnings-growth ratio of 2.75 and a beta of 1.29. Flywire Corporation has a 12-month low of $8.20 and a 12-month high of $23.40. 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 stock's 50 day simple moving average is $11.94 and its 200 day simple moving average is $11.05.

Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) earnings per share (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 net margin of 1.27% and a return on equity of 1.94%. The business's revenue was up 27.2% compared to the same quarter last year. During the same period last year, the company posted ($0.11) earnings per share. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts forecast that Flywire Corporation will post 0.14 earnings per share for the current fiscal year.

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.

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