Walleye Capital LLC Invests $1.44 Million in Flywire Corporation $FLYW

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) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 151,217 shares of the company's stock, valued at approximately $1,437,000. Walleye Capital LLC owned 0.12% of Flywire at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Jump Financial LLC purchased a new stake in Flywire during the first quarter worth about $2,036,000. AlphaQuest LLC grew its position in shares of Flywire by 280.0% during the first quarter. AlphaQuest LLC now owns 18,141 shares of the company's stock worth $172,000 after buying an additional 13,367 shares in the last quarter. GDS Wealth Management acquired a new position in shares of Flywire during the first quarter worth about $7,201,000. Capital Fund Management S.A. acquired a new position in shares of Flywire during the first quarter worth about $979,000. Finally, Voss Capital LP grew its position in shares of Flywire by 97.6% during the first quarter. Voss Capital LP now owns 2,934,986 shares of the company's stock worth $27,882,000 after buying an additional 1,449,986 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Flywire

In other news, Director Edwin J. Santos sold 5,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $10.50, for a total transaction of $52,500.00. Following the completion of the sale, the director owned 16,990 shares in the company, valued at $178,395. This represents a 22.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.40% of the stock is owned by company insiders.

Flywire Stock Performance

Shares of FLYW traded up $0.03 during mid-day trading on Wednesday, reaching $13.16. 1,055,839 shares of the company's stock were exchanged, compared to its average volume of 2,521,933. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.87 and a quick ratio of 1.87. The stock has a market capitalization of $1.61 billion, a PE ratio of 262.50, a price-to-earnings-growth ratio of 2.77 and a beta of 1.29. The business's fifty day simple moving average is $11.84 and its 200-day simple moving average is $11.13. 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 announced its earnings results on Tuesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02). Flywire had a return on equity of 1.94% and a net margin of 1.27%.The business had revenue of $127.50 million for the quarter, compared to analysts' expectations of $119.65 million. During the same quarter last year, the business posted ($0.11) earnings per share. The business's revenue was up 27.2% on a year-over-year basis. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts expect that Flywire Corporation will post 0.14 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on FLYW shares. Deutsche Bank Aktiengesellschaft started coverage on Flywire in a research report on Thursday, July 17th. They set a "hold" rating and a $12.00 price objective for the company. Wall Street Zen raised Flywire from a "sell" rating to a "hold" rating in a report on Sunday, August 10th. UBS Group upped their price target on Flywire from $11.50 to $13.50 and gave the company a "neutral" rating in a report on Wednesday, August 6th. B. Riley lowered their price target on Flywire from $17.00 to $15.00 and set a "buy" rating for the company in a report on Monday, June 23rd. Finally, 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 report on Wednesday, May 7th. Five research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $13.71.

Flywire Company 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.