Trexquant Investment LP Has $5.99 Million Holdings in Flywire Corporation $FLYW

Key Points

• Trexquant Investment LP increased its stake in Flywire Corporation by 21.7% during the first quarter, holding 630,434 shares valued at approximately $5.99 million.
• Over 95% of Flywire's stock is owned by institutional investors and hedge funds, indicating strong market confidence and investment in the company.
• Despite revenue growth of 27.2% year-over-year, Flywire reported a loss of ($0.09) earnings per share for the last quarter, slightly missing analyst expectations.

Trexquant Investment LP raised its holdings in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) by 21.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 630,434 shares of the company's stock after purchasing an additional 112,508 shares during the period. Trexquant Investment LP owned 0.51% of Flywire worth $5,989,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Voss Capital LP lifted its position in Flywire by 97.6% during the 1st quarter. Voss Capital LP now owns 2,934,986 shares of the company's stock valued at $27,882,000 after purchasing an additional 1,449,986 shares during the period. Wellington Management Group LLP bought a new stake in shares of Flywire in the 1st quarter valued at about $15,782,000. Nuveen Asset Management LLC increased its stake in shares of Flywire by 79.4% in the 4th quarter. Nuveen Asset Management LLC now owns 1,610,136 shares of the company's stock valued at $33,201,000 after acquiring an additional 712,843 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Flywire by 12.1% in the 4th 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 during the last quarter. Finally, Federated Hermes Inc. bought a new stake in shares of Flywire in the 1st quarter valued at about $11,733,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FLYW has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Flywire in a research note on Thursday, July 17th. They issued a "hold" rating and a $12.00 price target for the company. Royal Bank Of Canada lowered their price target on Flywire from $20.00 to $17.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. B. Riley lowered their price target on Flywire from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Monday, June 23rd. UBS Group increased their target price on Flywire from $11.50 to $13.50 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Finally, Truist Financial increased their target price on Flywire from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. 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 MarketBeat, Flywire presently has a consensus rating of "Hold" and a consensus target price of $13.71.

Flywire Stock Down 1.0%

Shares of FLYW traded down $0.13 during mid-day trading on Thursday, hitting $13.05. 1,670,544 shares of the company's stock were exchanged, compared to its average volume of 2,522,087. The company has a market cap of $1.60 billion, a PE ratio of 261.00, a P/E/G ratio of 2.77 and a beta of 1.29. Flywire Corporation has a 52 week low of $8.20 and a 52 week high of $23.40. The company has a 50-day simple moving average of $11.88 and a 200 day simple moving average of $11.14. 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 (NASDAQ:FLYW - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $127.50 million for the quarter, compared to the consensus estimate of $119.65 million. Flywire had a return on equity of 1.94% and a net margin of 1.27%.Flywire's revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.11) earnings per share. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Flywire Corporation will post 0.14 earnings per share for the current fiscal year.

Insider Activity at Flywire

In other news, Director Edwin J. Santos sold 5,000 shares of the 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 owned 16,990 shares of the company's stock, valued at approximately $178,395. This represents a 22.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.40% of the company's stock.

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.