Creative Planning Purchases New Stake in Flywire Corporation $FLYW

Creative Planning acquired a new position in shares of Flywire Corporation (NASDAQ:FLYW) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 41,209 shares of the company’s stock, valued at approximately $482,000.

Other large investors have also recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in shares of Flywire by 2.3% in the 1st quarter. Rhumbline Advisers now owns 169,553 shares of the company’s stock worth $1,611,000 after acquiring an additional 3,732 shares during the last quarter. Jump Financial LLC acquired a new position in Flywire during the 1st quarter valued at about $2,036,000. Aigen Investment Management LP bought a new stake in Flywire during the 1st quarter worth approximately $329,000. HighTower Advisors LLC purchased a new stake in shares of Flywire in the first quarter worth approximately $227,000. Finally, Capital Fund Management S.A. bought a new position in shares of Flywire in the first quarter valued at approximately $979,000. 95.90% of the stock is owned by institutional investors.

Flywire Trading Down 1.2%

NASDAQ FLYW opened at $13.61 on Friday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -680.16, a PEG ratio of 2.73 and a beta of 1.28. The business’s fifty day moving average is $13.45 and its 200-day moving average is $12.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.53 and a quick ratio of 1.53. Flywire Corporation has a one year low of $8.20 and a one year high of $21.75.

Flywire (NASDAQ:FLYW) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $194.10 million during the quarter, compared to the consensus estimate of $180.07 million. Flywire had a negative net margin of 0.42% and a positive return on equity of 0.80%. The firm’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share. Equities research analysts predict that Flywire Corporation will post 0.14 EPS for the current year.

Wall Street Analyst Weigh In

FLYW has been the topic of several analyst reports. Zacks Research raised Flywire from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Stephens restated an “equal weight” rating and set a $13.00 price objective on shares of Flywire in a research note on Monday, September 22nd. Wall Street Zen upgraded shares of Flywire from a “sell” rating to a “hold” rating in a research note on Sunday, August 10th. Citigroup raised shares of Flywire to a “hold” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Flywire in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $14.81.

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.