Strs Ohio Takes Position in Flywire Corporation $FLYW

Key Points

• Strs Ohio acquired a new stake in Flywire Corporation, purchasing 65,300 shares valued at approximately $620,000, representing about 0.05% ownership of the company.
• Multiple institutional investors have increased their holdings in Flywire, with GAMMA Investing LLC making a notable increase of 23,876.5% during the first quarter.
• Flywire's recent earnings report showed a 27.2% year-over-year revenue increase, though it missed EPS estimates, reporting ($0.09) versus the consensus of ($0.07).

Strs Ohio purchased a new stake in Flywire Corporation (NASDAQ:FLYW - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 65,300 shares of the company's stock, valued at approximately $620,000. Strs Ohio owned about 0.05% of Flywire as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mendon Capital Advisors Corp bought a new stake in Flywire in the 1st quarter valued at about $919,000. Caxton Associates LLP bought a new stake in Flywire in the 1st quarter valued at about $393,000. Goldman Sachs Group Inc. boosted its holdings in Flywire by 14.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,241,226 shares of the company's stock valued at $11,792,000 after purchasing an additional 159,239 shares during the period. Petrus Trust Company LTA boosted its holdings in Flywire by 91.6% in the 1st quarter. Petrus Trust Company LTA now owns 24,151 shares of the company's stock valued at $229,000 after purchasing an additional 11,546 shares during the period. Finally, Millennium Management LLC boosted its holdings in Flywire by 15.1% in the 1st quarter. Millennium Management LLC now owns 1,330,971 shares of the company's stock valued at $12,644,000 after purchasing an additional 175,007 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on FLYW. 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. Stephens reissued an "equal weight" rating and issued a $13.00 price objective on shares of Flywire in a report on Monday. 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 cut their price target 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. Finally, Wall Street Zen raised shares of Flywire from a "sell" rating to a "hold" rating in a report on Sunday, August 10th. Five 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $13.54.

Flywire Price Performance

NASDAQ:FLYW traded down $0.25 on Tuesday, hitting $12.90. The company had a trading volume of 354,392 shares, compared to its average volume of 2,509,236. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 258.20, a PEG ratio of 2.77 and a beta of 1.29. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $12.29 and a two-hundred day moving average of $11.00. Flywire Corporation has a 52 week low of $8.20 and a 52 week high of $23.40.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The company had revenue of $127.50 million during the quarter, compared to the consensus estimate 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 period in the previous year, the company earned ($0.11) EPS. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, 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.