Flywire Corporation $FLYW is ABS Direct Equity Fund LLC's 4th Largest Position

Key Points

• ABS Direct Equity Fund LLC increased its position in Flywire Corporation by 175.0% in the second quarter, making Flywire its 4th largest position at 5.1% of the fund's portfolio, valued at approximately $3.2 million.
• Various institutional investors have increased their stakes in Flywire, including Wellington Management Group, which purchased a new stake of about $15.8 million during the first quarter.
• Despite reporting a loss per share of ($0.09), Flywire's revenue for the quarter was up by 27.2% to $127.50 million, surpassing analysts' estimates.

ABS Direct Equity Fund LLC increased its holdings in Flywire Corporation (NASDAQ:FLYW - Free Report) by 175.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 275,000 shares of the company's stock after purchasing an additional 175,000 shares during the period. Flywire accounts for 5.1% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 4th biggest position. ABS Direct Equity Fund LLC owned about 0.23% of Flywire worth $3,218,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP purchased a new stake in Flywire during the first quarter valued at about $15,782,000. Voss Capital LP grew its position in Flywire by 97.6% during the first quarter. Voss Capital LP now owns 2,934,986 shares of the company's stock valued at $27,882,000 after acquiring an additional 1,449,986 shares during the period. Federated Hermes Inc. purchased a new stake in Flywire during the first quarter valued at about $11,733,000. Invenomic Capital Management LP grew its position in Flywire by 242.7% during the first quarter. Invenomic Capital Management LP now owns 1,514,615 shares of the company's stock valued at $14,389,000 after acquiring an additional 1,072,660 shares during the period. Finally, Neuberger Berman Group LLC purchased a new stake in Flywire during the first quarter valued at about $8,828,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Flywire Trading Up 2.4%

Shares of FLYW opened at $13.62 on Friday. The stock's 50-day moving average is $12.47 and its two-hundred day moving average is $11.08. The stock has a market cap of $1.67 billion, a PE ratio of 272.40, a P/E/G ratio of 2.80 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 debt-to-equity ratio of 0.08, a current ratio of 1.87 and a quick ratio of 1.87.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02). Flywire had a return on equity of 1.94% and a net margin of 1.27%.The company had revenue of $127.50 million for the quarter, compared to analyst estimates of $119.65 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. The company's revenue for the quarter was up 27.2% compared to the same quarter last year. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts forecast that Flywire Corporation will post 0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on FLYW. B. Riley lowered their price target 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 price target on Flywire from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Wall Street Zen raised Flywire from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. UBS Group boosted their price objective on Flywire from $11.50 to $13.50 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Finally, Stephens restated an "equal weight" rating and set a $13.00 price objective on shares of Flywire in a research note on Monday, September 22nd. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Flywire presently has an average rating of "Hold" and an average price target of $13.54.

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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