Neuberger Berman Group LLC Invests $8.83 Million in Flywire Corporation $FLYW

Key Points

• Neuberger Berman Group LLC has invested approximately $8.83 million in Flywire Corporation, acquiring 926,231 shares and holding about 0.75% of the company.
• Recent analyst reports indicate a mixed outlook for Flywire, with the stock receiving target price adjustments, including cuts from Wells Fargo and Royal Bank of Canada.
• Flywire's latest earnings report showed a revenue increase of 27.2% year-over-year, although the company posted an EPS loss that missed analysts' expectations.

Neuberger Berman Group LLC acquired a new stake in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 926,231 shares of the company's stock, valued at approximately $8,828,000. Neuberger Berman Group LLC owned approximately 0.75% of Flywire at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Flywire in the 4th quarter worth about $77,000. Dakota Wealth Management increased its holdings in Flywire by 8.7% in the 1st quarter. Dakota Wealth Management now owns 13,334 shares of the company's stock worth $127,000 after acquiring an additional 1,066 shares during the last quarter. AE Wealth Management LLC purchased a new stake in Flywire in the 1st quarter worth about $130,000. Cetera Investment Advisers purchased a new stake in Flywire in the 4th quarter worth about $225,000. Finally, State of Wyoming increased its holdings in Flywire by 80.1% in the 4th quarter. State of Wyoming now owns 10,939 shares of the company's stock worth $226,000 after acquiring an additional 4,865 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FLYW shares. Deutsche Bank Aktiengesellschaft started coverage on Flywire in a report on Thursday, July 17th. They issued a "hold" rating and a $12.00 price objective for the company. Royal Bank Of Canada reduced their target price on Flywire from $20.00 to $17.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Wells Fargo & Company reduced their target price on Flywire from $16.00 to $13.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Wall Street Zen raised Flywire from a "sell" rating to a "hold" rating in a report on Sunday, August 10th. Finally, B. Riley reduced their target price on Flywire from $17.00 to $15.00 and set a "buy" rating for the company in a report on Monday, June 23rd. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Flywire currently has a consensus rating of "Hold" and an average price target of $13.71.

Flywire Price Performance

NASDAQ:FLYW traded down $0.2550 during mid-day trading on Tuesday, reaching $12.3950. The stock had a trading volume of 614,284 shares, compared to its average volume of 2,574,568. The firm has a 50 day moving average price of $11.41 and a two-hundred day moving average price of $11.63. The stock has a market capitalization of $1.52 billion, a P/E ratio of 247.88, a P/E/G 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. 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 (NASDAQ:FLYW - Get Free Report) last released its 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). Flywire had a return on equity of 1.94% and a net margin of 1.27%.The firm had revenue of $127.50 million during the quarter, compared to the consensus estimate of $119.65 million. During the same quarter in the previous year, the firm earned ($0.11) EPS. The business's quarterly revenue 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. As a group, analysts expect that Flywire Corporation will post 0.14 earnings per share for the current year.

Insiders Place Their Bets

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

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.