Russell Investments Group Ltd. Sells 23,479 Shares of Flywire Corporation $FLYW

Key Points

• Russell Investments Group Ltd. significantly reduced its stock position in Flywire Corporation by 78.6% in the first quarter, holding only 6,385 shares valued at $61,000 according to SEC filings.
• Flywire recently reported a $127.50 million revenue for its quarterly earnings, exceeding analyst expectations, despite posting an EPS of ($0.09) which missed the consensus estimate.
• Wall Street analysts have a consensus rating of "Hold" on Flywire, with price targets varying from $12.00 to $13.50, indicating mixed sentiment about its stock performance moving forward.

Russell Investments Group Ltd. cut its position in Flywire Corporation (NASDAQ:FLYW - Free Report) by 78.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,385 shares of the company's stock after selling 23,479 shares during the quarter. Russell Investments Group Ltd.'s holdings in Flywire were worth $61,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Nuveen Asset Management LLC raised 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 buying an additional 712,843 shares during the period. Federated Hermes Inc. bought a new stake in shares of Flywire in the first quarter valued at $11,733,000. Northern Trust Corp raised its stake in shares of Flywire by 10.3% in the fourth quarter. Northern Trust Corp now owns 1,149,254 shares of the company's stock valued at $23,698,000 after buying an additional 107,441 shares during the period. Readystate Asset Management LP raised its stake in shares of Flywire by 160.2% in the first quarter. Readystate Asset Management LP now owns 955,970 shares of the company's stock valued at $9,082,000 after buying an additional 588,574 shares during the period. Finally, Balyasny Asset Management L.P. raised its stake 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 valued at $17,967,000 after buying an additional 581,351 shares during the period. 95.90% of the stock is currently owned by institutional investors.

Flywire Price Performance

Flywire stock traded down $0.10 during midday trading on Tuesday, hitting $13.13. 943,009 shares of the company's stock were exchanged, compared to its average volume of 2,503,510. The stock has a 50-day moving average price of $11.97 and a two-hundred day moving average price of $10.91. Flywire Corporation has a 52-week low of $8.20 and a 52-week 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. The company has a market cap of $1.61 billion, a P/E ratio of 262.50, a PEG ratio of 2.74 and a beta of 1.29.

Flywire (NASDAQ:FLYW - Get Free Report) last posted its quarterly earnings data 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). 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 analysts' expectations of $119.65 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. Flywire's revenue for the quarter 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. On average, equities research analysts forecast that Flywire Corporation will post 0.14 earnings per share for the current year.

Analyst Ratings Changes

FLYW has been the topic of several research reports. Truist Financial boosted their target price on Flywire from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. UBS Group boosted their price objective on Flywire from $11.50 to $13.50 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded Flywire from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. B. Riley decreased their price objective on Flywire from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Monday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Flywire in a research note on Thursday, July 17th. They set a "hold" rating and a $12.00 price objective on the stock. 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $13.71.

Flywire Company 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.