Palogic Value Management L.P. Raises Holdings in Flywire Corporation $FLYW

Key Points

• Palogic Value Management L.P. has increased its stake in Flywire Corporation by 75.3%, now holding 333,000 shares valued at approximately $3.16 million.
• Wall Street analysts offer mixed ratings for Flywire, with an average rating of "Hold" and a consensus target price of $13.71.
• Flywire's recent earnings report showed a revenue increase of 27.2% year-over-year, though EPS missed analyst expectations by $0.02.

Palogic Value Management L.P. grew its stake in Flywire Corporation (NASDAQ:FLYW - Free Report) by 75.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 333,000 shares of the company's stock after buying an additional 143,000 shares during the quarter. Flywire accounts for about 1.3% of Palogic Value Management L.P.'s portfolio, making the stock its 21st largest holding. Palogic Value Management L.P. owned about 0.27% of Flywire worth $3,164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of FLYW. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Flywire in the 4th quarter valued at about $77,000. JT Stratford LLC acquired a new position in Flywire in the 1st quarter worth about $109,000. Dakota Wealth Management boosted its position in Flywire by 8.7% during the first quarter. Dakota Wealth Management now owns 13,334 shares of the company's stock worth $127,000 after purchasing an additional 1,066 shares in the last quarter. AE Wealth Management LLC purchased a new position in Flywire during the first quarter worth approximately $130,000. Finally, Fox Run Management L.L.C. purchased a new position in Flywire during the first quarter worth approximately $153,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FLYW. Truist Financial increased their price target on Flywire from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. B. Riley lowered their price target on Flywire from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Monday, June 23rd. Wells Fargo & Company lowered their price target on Flywire from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen upgraded Flywire from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Flywire in a research report on Thursday, July 17th. They set a "hold" rating and a $12.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $13.71.

Insider Activity

In other news, Director Edwin J. Santos sold 5,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director directly owned 16,990 shares in the company, valued at $178,395. This represents a 22.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.40% of the stock is owned by company insiders.

Flywire Price Performance

Shares of Flywire stock traded up $0.05 during mid-day trading on Wednesday, reaching $13.18. 1,879,075 shares of the stock traded hands, compared to its average volume of 2,523,238. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average of $11.84 and a 200 day moving average of $11.13. The stock has a market capitalization of $1.61 billion, a PE ratio of 263.60, a PEG ratio of 2.77 and a beta of 1.29. Flywire Corporation has a fifty-two week low of $8.20 and a fifty-two week 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 (EPS) 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 analysts' expectations of $119.65 million. Flywire had a net margin of 1.27% and a return on equity of 1.94%. Flywire's revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.11) earnings per share. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts predict that Flywire Corporation will post 0.14 EPS 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.