Flywire Corporation $FLYW Shares Sold by Fred Alger Management LLC

Fred Alger Management LLC reduced its stake in Flywire Corporation (NASDAQ:FLYW) by 39.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 488,409 shares of the company’s stock after selling 311,855 shares during the quarter. Fred Alger Management LLC’s holdings in Flywire were worth $4,640,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FLYW. Northern Trust Corp increased its stake in Flywire by 10.3% during the 4th quarter. Northern Trust Corp now owns 1,149,254 shares of the company’s stock worth $23,698,000 after buying an additional 107,441 shares during the period. BNP Paribas Financial Markets purchased a new stake in Flywire during the 4th quarter worth approximately $378,000. Cetera Investment Advisers purchased a new stake in Flywire during the 4th quarter worth approximately $225,000. Deutsche Bank AG increased its stake in Flywire by 31.0% during the 4th quarter. Deutsche Bank AG now owns 156,682 shares of the company’s stock worth $3,231,000 after buying an additional 37,041 shares during the period. Finally, Ensign Peak Advisors Inc increased its stake in Flywire by 825.9% during the 4th quarter. Ensign Peak Advisors Inc now owns 414,800 shares of the company’s stock worth $8,553,000 after buying an additional 370,000 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Flywire Trading Down 1.1%

Shares of NASDAQ:FLYW opened at $13.07 on Wednesday. Flywire Corporation has a 52 week low of $8.20 and a 52 week high of $23.40. The company’s 50 day moving average is $12.00 and its two-hundred day moving average is $10.93. 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 company has a market cap of $1.60 billion, a PE ratio of 261.40, a P/E/G ratio of 2.79 and a beta of 1.29.

Flywire (NASDAQ:FLYW) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The firm had revenue of $127.50 million during the quarter, compared to analysts’ expectations of $119.65 million. Flywire had a net margin of 1.27% and a return on equity of 1.94%. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) earnings per share. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts predict that Flywire Corporation will post 0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on FLYW. Wall Street Zen raised shares of Flywire from a “sell” rating to a “hold” rating in a research note on Sunday, August 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of Flywire in a research note on Thursday, July 17th. They set a “hold” rating and a $12.00 target price on the stock. UBS Group upped their target price on shares of Flywire from $11.50 to $13.50 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. B. Riley dropped their price objective on shares of Flywire from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, June 23rd. Finally, Truist Financial increased their price objective on shares of Flywire from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Flywire presently has an average rating of “Hold” and an average 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.