T. Rowe Price Investment Management Inc. Has $5.18 Million Position in Flywire Corporation $FLYW

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Flywire Corporation by 39%, selling 348,353 shares and holding 545,601 shares valued at approximately $5.18 million after the transaction.
• Wall Street analysts are generally optimistic about Flywire, with a consensus rating of "Hold" and an average price target of $13.71, reflecting a mix of ratings—five "Buy", nine "Hold", and one "Sell".
• Flywire reported quarterly earnings that missed analysts' estimates but showed a 27.2% year-over-year revenue increase, indicating potential growth despite a loss of $0.09 EPS.

T. Rowe Price Investment Management Inc. lowered its position in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) by 39.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 545,601 shares of the company's stock after selling 348,353 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 0.44% of Flywire worth $5,184,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in Flywire by 8.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 95,300 shares of the company's stock valued at $1,965,000 after acquiring an additional 7,571 shares during the period. Invesco Ltd. lifted its stake in Flywire by 18.5% during the 4th quarter. Invesco Ltd. now owns 89,451 shares of the company's stock valued at $1,844,000 after acquiring an additional 13,985 shares during the period. Barclays PLC lifted its stake in shares of Flywire by 8.7% in the 4th quarter. Barclays PLC now owns 214,757 shares of the company's stock valued at $4,427,000 after purchasing an additional 17,264 shares during the period. First Trust Advisors LP acquired a new stake in Flywire in the fourth quarter valued at approximately $297,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Flywire by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,466,000 shares of the company's stock valued at $30,227,000 after acquiring an additional 157,779 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Wall Street Analyst Weigh In

FLYW has been the subject of a number of research reports. Royal Bank Of Canada dropped their price objective on shares of Flywire from $20.00 to $17.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. The Goldman Sachs Group lifted their target price on Flywire from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Flywire in a research report on Thursday, July 17th. They set a "hold" rating and a $12.00 price target for the company. Wells Fargo & Company cut their price objective 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. Finally, UBS Group upped their target price on Flywire from $11.50 to $13.50 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $13.71.

Flywire Stock Down 0.3%

Shares of NASDAQ:FLYW traded down $0.05 during midday trading on Friday, reaching $13.12. The company had a trading volume of 731,870 shares, compared to its average volume of 2,523,904. The stock has a market capitalization of $1.60 billion, a P/E ratio of 262.30, a PEG ratio of 2.76 and a beta of 1.27. The stock's fifty day moving average price is $11.72 and its 200-day moving average price is $11.33. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.87 and a quick ratio of 1.87. Flywire Corporation has a one year low of $8.20 and a one year high of $23.40.

Flywire (NASDAQ:FLYW - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). Flywire had a net margin of 1.27% and a return on equity of 1.94%. The firm had revenue of $127.50 million during the quarter, compared to the consensus estimate of $119.65 million. During the same period in the prior year, the firm earned ($0.11) earnings per share. The firm'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. Equities research analysts expect that Flywire Corporation will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Flywire

In related news, Director Edwin J. Santos sold 5,466 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $10.04, for a total transaction of $54,878.64. Following the completion of the sale, the director directly owned 21,990 shares in the company, valued at approximately $220,779.60. This trade represents a 19.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.40% of the company's stock.

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.