151,217 Shares in Flywire Corporation $FLYW Bought by Walleye Capital LLC

Key Points

• Walleye Capital LLC acquired 151,217 shares of Flywire Corporation, valued at approximately $1.437 million, during the first quarter and now owns about 0.12% of the company.
• Flywire reported a revenue of $127.50 million for the last quarter, exceeding analysts' expectations, with a year-over-year growth of 27.2%.
• The stock currently has a market cap of $1.61 billion and opened at $13.15, following a range between a 12-month low of $8.20 and a high of $23.40.

Walleye Capital LLC purchased a new position in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 151,217 shares of the company's stock, valued at approximately $1,437,000. Walleye Capital LLC owned about 0.12% of Flywire at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Flywire during the 4th quarter worth approximately $77,000. GAMMA Investing LLC increased its holdings in shares of Flywire by 23,876.5% during the 1st quarter. GAMMA Investing LLC now owns 4,076 shares of the company's stock worth $429,000 after buying an additional 4,059 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Flywire during the 4th quarter worth approximately $225,000. State of Wyoming increased its holdings in Flywire by 80.1% in the 4th quarter. State of Wyoming now owns 10,939 shares of the company's stock valued at $226,000 after purchasing an additional 4,865 shares during the last quarter. Finally, Vident Advisory LLC acquired a new stake in Flywire in the 4th quarter valued at approximately $235,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Insider Activity

In other news, Director Edwin J. Santos sold 5,000 shares of Flywire stock in a transaction on Friday, June 6th. The shares were sold at an average price of $10.50, for a total transaction of $52,500.00. Following the completion of the sale, the director directly owned 16,990 shares of the company's stock, valued at approximately $178,395. The trade was a 22.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.40% of the company's stock.

Flywire Stock Down 1.0%

Shares of Flywire stock traded down $0.13 during trading on Thursday, hitting $13.05. 1,670,544 shares of the stock were exchanged, compared to its average volume of 1,993,095. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 261.00, a price-to-earnings-growth ratio of 2.78 and a beta of 1.29. The firm's 50-day moving average price is $11.91 and its 200 day moving average price is $11.10. Flywire Corporation has a 12-month low of $8.20 and a 12-month high of $23.40. 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 released its quarterly earnings data 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 firm had revenue of $127.50 million for the quarter, compared to analysts' expectations of $119.65 million. Flywire had a return on equity of 1.94% and a net margin of 1.27%.Flywire's revenue for the quarter was up 27.2% on a year-over-year basis. During the same period last year, the firm posted ($0.11) earnings per share. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts forecast that Flywire Corporation will post 0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

FLYW has been the subject of several research reports. Royal Bank Of Canada dropped their target price 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. Truist Financial lifted their target price on shares of Flywire from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Wells Fargo & Company dropped their target price on shares of Flywire from $16.00 to $13.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Flywire in a report on Thursday, July 17th. They issued a "hold" rating and a $12.00 target price for the company. Finally, UBS Group lifted their target price on shares of Flywire from $11.50 to $13.50 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Flywire has an average rating of "Hold" and a consensus target price of $13.71.

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.