Wellington Management Group LLP Takes Position in Flywire Corporation $FLYW

Key Points

• Wellington Management Group LLP made a significant investment of $15.78 million in Flywire Corporation, acquiring 1,661,263 shares and owning approximately 1.34% of the company by the end of the most recent quarter.
• Flywire Corporation reported a quarterly revenue of $127.50 million, exceeding analysts' expectations of $119.65 million, despite an earnings per share (EPS) miss.
• The stock has shown a range of $8.20 to $23.40 over the past year, and currently has an average target price of $13.71 from various analysts, indicating a mix of bullish and bearish sentiments.

Wellington Management Group LLP acquired a new position in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,661,263 shares of the company's stock, valued at approximately $15,782,000. Wellington Management Group LLP owned approximately 1.34% of Flywire at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Algert Global LLC boosted its stake in Flywire by 535.8% during the first quarter. Algert Global LLC now owns 168,302 shares of the company's stock worth $1,599,000 after acquiring an additional 141,832 shares in the last quarter. American Century Companies Inc. boosted its stake in Flywire by 228.1% during the first quarter. American Century Companies Inc. now owns 100,499 shares of the company's stock worth $955,000 after acquiring an additional 69,873 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Flywire during the first quarter worth about $153,000. Neuberger Berman Group LLC bought a new stake in Flywire during the first quarter worth about $8,828,000. Finally, Rock Creek Group LP raised its holdings in Flywire by 19.6% in the first quarter. Rock Creek Group LP now owns 60,939 shares of the company's stock worth $579,000 after buying an additional 10,000 shares during the last quarter. Institutional investors own 95.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Truist Financial lifted 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 assumed 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. Royal Bank Of Canada decreased 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. B. Riley decreased their price objective on shares of Flywire from $17.00 to $15.00 and set a "buy" rating for the company in a report on Monday, June 23rd. Finally, Wells Fargo & Company decreased their price objective 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. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Flywire currently has an average rating of "Hold" and an average target price of $13.71.

Flywire Price Performance

Shares of NASDAQ:FLYW traded down $0.01 during midday trading on Friday, reaching $13.15. 2,418,473 shares of the company were exchanged, compared to its average volume of 2,569,252. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.08. The business's fifty day moving average is $11.76 and its two-hundred day moving average is $11.22. Flywire Corporation has a one year low of $8.20 and a one year high of $23.40. The stock has a market cap of $1.61 billion, a PE ratio of 263.00, a price-to-earnings-growth ratio of 2.77 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 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 company had revenue of $127.50 million for the quarter, compared to the consensus estimate of $119.65 million. During the same quarter in the prior year, the company posted ($0.11) EPS. Flywire's 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. As a group, analysts predict that Flywire Corporation will post 0.14 earnings per share for the current year.

Insider Transactions at Flywire

In related news, Director Edwin J. Santos sold 5,000 shares of the company's 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 sale, the director owned 16,990 shares of the company's stock, 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 currently owned by insiders.

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.