Mendon Capital Advisors Corp Makes New $919,000 Investment in Flywire Corporation $FLYW

Key Points

• Mendon Capital Advisors Corp made a new investment in Flywire Corporation, acquiring 105,150 shares valued at approximately $919,000.
• Flywire received multiple analyst upgrades, with current ratings showing five buy ratings, nine hold ratings, and one sell rating, indicating a consensus hold rating with a price target of $13.71.
• Flywire's latest quarterly earnings report indicated a revenue of $127.50 million, surpassing expectations, while it reported an EPS of ($0.09), missing analyst estimates.

Mendon Capital Advisors Corp 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 (SEC). The fund bought 105,150 shares of the company's stock, valued at approximately $919,000. Mendon Capital Advisors Corp owned about 0.09% of Flywire at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FLYW. Dakota Wealth Management grew its position in shares of Flywire by 8.7% during the 1st quarter. Dakota Wealth Management now owns 13,334 shares of the company's stock worth $127,000 after buying an additional 1,066 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Flywire by 3.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 43,858 shares of the company's stock worth $417,000 after buying an additional 1,361 shares during the period. SG Americas Securities LLC grew its position in shares of Flywire by 6.2% during the 1st quarter. SG Americas Securities LLC now owns 42,154 shares of the company's stock worth $400,000 after buying an additional 2,445 shares during the period. Rhumbline Advisers grew its position in shares of Flywire by 2.3% during the 1st quarter. Rhumbline Advisers now owns 169,553 shares of the company's stock worth $1,611,000 after buying an additional 3,732 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Flywire during the 4th quarter worth approximately $77,000. 95.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Flywire from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. Truist Financial boosted their price objective on shares of Flywire from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, July 17th. B. Riley decreased their price objective on shares of Flywire from $17.00 to $15.00 and set a "buy" rating for the company in a report on Monday, June 23rd. UBS Group boosted their price objective on shares of Flywire from $11.50 to $13.50 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Flywire in a report on Thursday, July 17th. They set a "hold" rating and a $12.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Flywire currently has a consensus rating of "Hold" and a consensus price target of $13.71.

Flywire Stock Performance

Shares of FLYW opened at $13.07 on Wednesday. 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 twelve month low of $8.20 and a twelve month high of $23.40. The firm's 50 day moving average price is $12.00 and its two-hundred day moving average price is $10.93. The firm has a market cap of $1.60 billion, a P/E ratio of 261.40, a PEG ratio of 2.79 and a beta of 1.29.

Flywire (NASDAQ:FLYW - Get Free Report) last announced 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). The business had revenue of $127.50 million during the quarter, compared to the consensus estimate of $119.65 million. Flywire had a return on equity of 1.94% and a net margin of 1.27%.The business's revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) EPS. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts forecast that Flywire Corporation will post 0.14 EPS for the current fiscal 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.

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