Virtu Financial LLC Takes $251,000 Position in Flywire Corporation $FLYW

Key Points

• Virtu Financial LLC has made a new investment in Flywire Corporation, purchasing 26,465 shares valued at approximately $251,000 in the first quarter.
• Various hedge funds have significantly increased their positions in Flywire, with Janney Montgomery Scott lifting its holdings by 571.3% during the same quarter.
• Despite a revenue increase of 27.2% year-over-year, Flywire reported earnings per share of ($0.09), missing analysts' estimates, indicating mixed financial performance amid stock price changes.

Virtu Financial LLC acquired a new position in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 26,465 shares of the company's stock, valued at approximately $251,000.

Several other large investors have also made changes to their positions in the company. Entropy Technologies LP bought a new stake in shares of Flywire in the 1st quarter worth about $317,000. Invesco Ltd. grew its holdings in shares of Flywire by 13.3% in the 1st quarter. Invesco Ltd. now owns 101,343 shares of the company's stock worth $963,000 after purchasing an additional 11,892 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Flywire by 483.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 267,787 shares of the company's stock worth $2,544,000 after purchasing an additional 221,880 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Flywire by 3.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 43,858 shares of the company's stock worth $417,000 after purchasing an additional 1,361 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Flywire in the 1st quarter worth about $236,000. Institutional investors own 95.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FLYW. The Goldman Sachs Group upped their target price on shares of Flywire from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Truist Financial upped their target price on shares of Flywire from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of Flywire in a report on Thursday, July 17th. They issued a "hold" rating and a $12.00 target price on the stock. Royal Bank Of Canada decreased their price objective on shares of Flywire from $20.00 to $17.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. 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 given a Sell rating to the stock. Based on data from MarketBeat, Flywire has an average rating of "Hold" and an average price target of $13.71.

Flywire Price Performance

NASDAQ:FLYW traded up $0.08 during mid-day trading on Thursday, reaching $12.28. 1,028,507 shares of the company were exchanged, compared to its average volume of 2,707,815. Flywire Corporation has a 12 month low of $8.20 and a 12 month high of $23.40. The company has a fifty day moving average of $11.50 and a 200 day moving average of $11.58. 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 stock has a market cap of $1.50 billion, a PE ratio of 245.60, a PEG ratio of 2.57 and a beta of 1.27.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The business 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%. The firm's revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period last year, the business posted ($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 EPS for the current fiscal year.

Insider Activity

In other news, Director Edwin J. Santos sold 5,466 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $10.04, for a total value of $54,878.64. Following the transaction, the director owned 21,990 shares of the company's stock, valued at approximately $220,779.60. This trade represents a 19.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.