Versor Investments LP Makes New Investment in Flywire Corporation $FLYW

Versor Investments LP bought a new position in Flywire Corporation (NASDAQ:FLYW) during the second quarter, Holdings Channel reports. The institutional investor bought 40,500 shares of the company’s stock, valued at approximately $474,000.

A number of other large investors have also recently bought and sold shares of the business. Dakota Wealth Management lifted its holdings in Flywire by 8.7% in the first quarter. Dakota Wealth Management now owns 13,334 shares of the company’s stock worth $127,000 after acquiring an additional 1,066 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Flywire by 3.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 43,858 shares of the company’s stock valued at $417,000 after buying an additional 1,361 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Flywire by 194.9% during the second quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock valued at $38,000 after buying an additional 2,167 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Flywire by 2.3% during the first quarter. Rhumbline Advisers now owns 169,553 shares of the company’s stock worth $1,611,000 after buying an additional 3,732 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Flywire by 7.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 83,422 shares of the company’s stock worth $976,000 after buying an additional 5,714 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Flywire Price Performance

NASDAQ FLYW opened at $13.81 on Wednesday. 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. The firm has a market capitalization of $1.69 billion, a PE ratio of 276.20, a P/E/G ratio of 3.50 and a beta of 1.29. The company’s 50 day simple moving average is $13.25 and its 200 day simple moving average is $11.83.

Flywire (NASDAQ:FLYW) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Flywire had a net margin of 1.27% and a return on equity of 1.94%. The business had revenue of $194.10 million for the quarter, compared to analyst estimates of $180.07 million. During the same quarter last year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. As a group, equities research analysts forecast that Flywire Corporation will post 0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wall Street Zen upgraded Flywire from a “sell” rating to a “hold” rating in a research report on Sunday, August 10th. Truist Financial raised their target price on Flywire from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Wolfe Research upgraded Flywire from a “peer perform” rating to an “outperform” rating and set a $16.00 target price on the stock in a research report on Wednesday, October 22nd. Citigroup upgraded Flywire to a “hold” rating in a research report on Thursday, October 23rd. Finally, Zacks Research cut Flywire from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.04.

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.