Flywire Corporation $FLYW Stock Position Increased by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP boosted its position in shares of Flywire Corporation (NASDAQ:FLYW) by 178.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,784,654 shares of the company’s stock after buying an additional 3,063,518 shares during the quarter. Flywire accounts for approximately 3.6% of Divisadero Street Capital Management LP’s investment portfolio, making the stock its 8th largest position. Divisadero Street Capital Management LP owned 3.94% of Flywire worth $55,980,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC boosted its stake in shares of Flywire by 194.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock worth $38,000 after purchasing an additional 2,167 shares during the period. CWM LLC lifted its stake in Flywire by 850.9% in the second quarter. CWM LLC now owns 6,447 shares of the company’s stock worth $75,000 after purchasing an additional 5,769 shares during the last quarter. JT Stratford LLC purchased a new position in shares of Flywire during the first quarter valued at approximately $109,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Flywire during the second quarter valued at approximately $119,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Flywire during the first quarter valued at approximately $153,000. Institutional investors own 95.90% of the company’s stock.

Flywire Stock Performance

Shares of Flywire stock opened at $13.61 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average price is $13.45 and its 200-day moving average price is $12.39. The firm has a market cap of $1.66 billion, a P/E ratio of -680.16, a P/E/G ratio of 2.69 and a beta of 1.28. Flywire Corporation has a 12 month low of $8.20 and a 12 month high of $21.75.

Flywire (NASDAQ:FLYW) last issued its earnings results on Tuesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. Flywire had a negative net margin of 0.42% and a positive return on equity of 0.80%. The company had revenue of $194.10 million for the quarter, compared to analysts’ expectations of $180.07 million. During the same period in the prior year, the business earned $0.30 EPS. The firm’s quarterly revenue was up 27.6% on a year-over-year basis. On average, equities research analysts expect that Flywire Corporation will post 0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FLYW shares. UBS Group raised their price target on Flywire from $13.50 to $15.50 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Wolfe Research reiterated an “outperform” rating and set a $19.00 target price on shares of Flywire in a research report on Wednesday, November 5th. Zacks Research raised shares of Flywire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Flywire in a research note on Wednesday, October 8th. Finally, Stephens restated an “equal weight” rating and issued a $13.00 target price on shares of Flywire in a research note on Monday, September 22nd. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $14.81.

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.