26,879 Shares in Flywire Corporation (NASDAQ:FLYW) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 26,879 shares of the company's stock, valued at approximately $255,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank raised its position in Flywire by 1.6% in the 4th quarter. Swiss National Bank now owns 218,400 shares of the company's stock valued at $4,503,000 after purchasing an additional 3,400 shares during the last quarter. Natixis Advisors LLC raised its position in Flywire by 7.8% in the 4th quarter. Natixis Advisors LLC now owns 61,920 shares of the company's stock valued at $1,277,000 after purchasing an additional 4,496 shares during the last quarter. Cibc World Markets Corp bought a new position in Flywire in the 4th quarter valued at $233,000. Intech Investment Management LLC raised its position in Flywire by 48.3% in the 4th quarter. Intech Investment Management LLC now owns 47,905 shares of the company's stock valued at $988,000 after purchasing an additional 15,604 shares during the last quarter. Finally, Magnetar Financial LLC bought a new position in Flywire in the 4th quarter valued at $242,000. Institutional investors own 95.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on FLYW shares. Royal Bank Of Canada cut their price objective on Flywire from $20.00 to $17.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. B. Riley dropped their target price on Flywire from $17.00 to $15.00 and set a "buy" rating for the company in a research report on Monday, June 23rd. Truist Financial boosted their target price on Flywire from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Wolfe Research restated a "peer perform" rating on shares of Flywire in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $9.00 target price (down previously from $16.00) on shares of Flywire in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $14.77.

Insider Transactions at Flywire

In other Flywire news, Director Edwin J. Santos sold 5,466 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $10.04, for a total value of $54,878.64. Following the completion of the transaction, the director directly owned 21,990 shares of the company's stock, valued at approximately $220,779.60. The trade was a 19.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.40% of the company's stock.

Flywire Trading Down 0.3%

Shares of Flywire stock traded down $0.03 during trading on Thursday, reaching $11.81. 1,384,973 shares of the company were exchanged, compared to its average volume of 2,187,598. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. Flywire Corporation has a twelve month low of $8.20 and a twelve month high of $23.40. The business has a 50-day moving average price of $11.14 and a 200-day moving average price of $12.63. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 295.25, a P/E/G ratio of 2.03 and a beta of 1.28.

Flywire (NASDAQ:FLYW - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.02. Flywire had a return on equity of 1.57% and a net margin of 0.97%. The firm had revenue of $128.70 million during the quarter, compared to analysts' expectations of $124.18 million. During the same period in the previous year, the firm earned ($0.05) earnings per share. The company's revenue was up 17.0% on a year-over-year basis. Sell-side analysts anticipate that Flywire Corporation will post 0.14 EPS for the current fiscal 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.