Jump Financial LLC Invests $2.04 Million in Flywire Corporation $FLYW

Key Points

• Jump Financial LLC has made a new investment in Flywire Corporation, acquiring 214,357 shares valued at approximately $2.04 million, representing about 0.17% of the company.
• Insider activity was noted as Director Edwin J. Santos sold 5,466 shares of Flywire, bringing their ownership down by 19.91% following the sale.
• Flywire's shares opened at $13.07, with a market cap of $1.60 billion and a recent quarterly revenue of $127.5 million, reflecting a 27.2% increase year-over-year.

Jump Financial LLC bought a new position in Flywire Corporation (NASDAQ:FLYW - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 214,357 shares of the company's stock, valued at approximately $2,036,000. Jump Financial LLC owned 0.17% of Flywire at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AlphaQuest LLC raised its position in Flywire by 280.0% in the 1st quarter. AlphaQuest LLC now owns 18,141 shares of the company's stock valued at $172,000 after buying an additional 13,367 shares during the last quarter. GDS Wealth Management acquired a new stake in Flywire in the 1st quarter valued at $7,201,000. Capital Fund Management S.A. bought a new position in shares of Flywire in the 1st quarter valued at about $979,000. Voss Capital LP grew its holdings in shares of Flywire by 97.6% in the 1st 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 in the last quarter. Finally, JT Stratford LLC bought a new stake in Flywire during the first quarter worth about $109,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Insider Transactions at Flywire

In other news, Director Edwin J. Santos sold 5,466 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $10.04, for a total transaction of $54,878.64. Following the completion of the sale, the director owned 21,990 shares of the company's stock, valued at $220,779.60. This trade represents a 19.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 4.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FLYW has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on Flywire from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. UBS Group lifted their target price on Flywire from $11.50 to $13.50 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of Flywire from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. Truist Financial increased their price target on shares of Flywire from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Flywire in a research note on Thursday, July 17th. They set a "hold" rating and a $12.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $13.71.

Flywire Price Performance

Shares of Flywire stock traded down $0.01 during trading on Monday, reaching $13.15. 2,418,473 shares of the company's stock were exchanged, compared to its average volume of 2,549,695. The firm's 50-day moving average price is $11.76 and its 200 day moving average price is $11.16. The company has a market cap of $1.61 billion, a P/E ratio of 263.00, a PEG ratio of 2.77 and a beta of 1.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.87 and a current ratio of 1.87. Flywire Corporation has a 1-year low of $8.20 and a 1-year high of $23.40.

Flywire (NASDAQ:FLYW - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $127.50 million during the quarter, compared to analyst estimates of $119.65 million. Flywire had a net margin of 1.27% and a return on equity of 1.94%. The company's revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the business 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 anticipate that Flywire Corporation will post 0.14 earnings per share for the current year.

About Flywire

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.