Entropy Technologies LP Takes Position in Flywire Corporation $FLYW

Key Points

• Entropy Technologies LP has purchased 33,330 shares of Flywire Corporation, valued at approximately $317,000, marking its entry as a shareholder.
• Several institutional investors have significantly increased their stakes in Flywire, with Ensign Peak Advisors increasing its holdings by 825.9% to own 414,800 shares valued at around $8.6 million.
• The stock currently holds a consensus rating of "Hold" from analysts, along with a consensus target price set at $13.71.

Entropy Technologies LP bought a new position in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 33,330 shares of the company's stock, valued at approximately $317,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Invesco Ltd. increased its position in shares of Flywire by 13.3% during the first quarter. Invesco Ltd. now owns 101,343 shares of the company's stock worth $963,000 after acquiring an additional 11,892 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Flywire by 483.3% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 267,787 shares of the company's stock valued at $2,544,000 after buying an additional 221,880 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Flywire by 3.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 43,858 shares of the company's stock valued at $417,000 after buying an additional 1,361 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Flywire during the first quarter valued at approximately $236,000. Finally, XTX Topco Ltd raised its stake in Flywire by 21.9% during the first quarter. XTX Topco Ltd now owns 34,587 shares of the company's stock valued at $329,000 after buying an additional 6,224 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Flywire

In other Flywire news, Director Edwin J. Santos sold 5,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $10.50, for a total transaction of $52,500.00. Following the sale, the director directly owned 16,990 shares of the company's stock, valued at $178,395. The trade was a 22.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.40% of the stock is currently owned by company insiders.

Flywire Stock Performance

Flywire stock traded down $0.2560 during mid-day trading on Tuesday, hitting $12.3940. 286,137 shares of the company's stock traded hands, compared to its average volume of 2,572,615. The firm has a 50 day moving average price of $11.41 and a 200 day moving average price of $11.63. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.52 billion, a PE ratio of 247.84, a price-to-earnings-growth ratio of 2.61 and a beta of 1.27. Flywire Corporation has a one year low of $8.20 and a one year high of $23.40.

Flywire (NASDAQ:FLYW - Get Free Report) last announced its earnings results 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 business had revenue of $127.50 million for 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 firm's revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.11) EPS. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts forecast that Flywire Corporation will post 0.14 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FLYW. 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 objective on Flywire from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Monday, June 23rd. Wolfe Research restated a "peer perform" rating on shares of Flywire in a research note on Wednesday, April 23rd. The Goldman Sachs Group upped their price objective on Flywire from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada cut their price objective on Flywire from $20.00 to $17.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $13.71.

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.