HighTower Advisors LLC Invests $227,000 in Flywire Corporation $FLYW

Key Points

• HighTower Advisors LLC has made a new investment in Flywire Corporation, acquiring 23,928 shares valued at approximately $227,000.
• Many hedge funds, including Aigen Investment Management and Connor Clark & Lunn Investment Management, have also established or increased their positions in Flywire during the same period, leading to 95.90% of the stock being owned by institutional investors.
• Flywire's recent earnings report showed a revenue increase of 27.2% year-over-year despite missing earnings expectations, prompting varied analyst ratings ranging from "buy" to "hold."

HighTower Advisors LLC bought a new position in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,928 shares of the company's stock, valued at approximately $227,000.

Other hedge funds have also modified their holdings of the company. Federated Hermes Inc. purchased a new stake in shares of Flywire in the 1st quarter valued at approximately $11,733,000. Nuveen Asset Management LLC boosted its stake in shares of Flywire by 79.4% in the fourth quarter. Nuveen Asset Management LLC now owns 1,610,136 shares of the company's stock valued at $33,201,000 after purchasing an additional 712,843 shares during the period. Readystate Asset Management LP boosted its position in Flywire by 160.2% during the 1st quarter. Readystate Asset Management LP now owns 955,970 shares of the company's stock valued at $9,082,000 after purchasing an additional 588,574 shares during the period. Balyasny Asset Management L.P. increased its position in shares of Flywire by 200.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 871,356 shares of the company's stock worth $17,967,000 after acquiring an additional 581,351 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its holdings in Flywire by 825.9% in the fourth quarter. Ensign Peak Advisors Inc now owns 414,800 shares of the company's stock worth $8,553,000 after purchasing an additional 370,000 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on FLYW. Deutsche Bank Aktiengesellschaft started coverage on Flywire in a research report on Thursday, July 17th. They issued a "hold" rating and a $12.00 price objective for the company. UBS Group upped their price target on Flywire from $11.50 to $13.50 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Truist Financial raised their target price on shares of Flywire from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. B. Riley cut their price objective on Flywire from $17.00 to $15.00 and set a "buy" rating for the company in a research report on Monday, June 23rd. Finally, Wall Street Zen raised Flywire from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $13.71.

Flywire Price Performance

Flywire stock traded up $0.25 during midday trading on Monday, reaching $13.24. The company's stock had a trading volume of 1,121,975 shares, compared to its average volume of 2,507,605. The stock has a market cap of $1.62 billion, a PE ratio of 264.30, a price-to-earnings-growth ratio of 2.74 and a beta of 1.29. Flywire Corporation has a 52 week low of $8.20 and a 52 week 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 business has a 50-day moving average price of $11.94 and a 200-day moving average price of $10.94.

Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02). The business had revenue of $127.50 million during the quarter, compared to analysts' expectations of $119.65 million. Flywire had a net margin of 1.27% and a return on equity of 1.94%. The firm's quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side 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.