GDS Wealth Management Buys 195,939 Shares of Flywire Corporation $FLYW

GDS Wealth Management grew its position in Flywire Corporation (NASDAQ:FLYW) by 25.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 953,909 shares of the company’s stock after buying an additional 195,939 shares during the period. GDS Wealth Management’s holdings in Flywire were worth $11,161,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in shares of Flywire during the 1st quarter worth approximately $15,782,000. Voss Capital LP grew its holdings in Flywire by 97.6% during the 1st quarter. Voss Capital LP now owns 2,934,986 shares of the company’s stock worth $27,882,000 after acquiring an additional 1,449,986 shares during the period. Federated Hermes Inc. bought a new stake in shares of Flywire during the 1st quarter valued at $11,733,000. Invenomic Capital Management LP lifted its stake in shares of Flywire by 242.7% in the 1st quarter. Invenomic Capital Management LP now owns 1,514,615 shares of the company’s stock valued at $14,389,000 after purchasing an additional 1,072,660 shares during the period. Finally, M&G PLC bought a new position in shares of Flywire in the 2nd quarter worth $12,677,000. Institutional investors own 95.90% of the company’s stock.

Flywire Stock Performance

Shares of FLYW stock opened at $13.35 on Thursday. The company has a fifty day moving average price of $13.37 and a two-hundred day moving average price of $12.17. 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 $1.63 billion, a P/E ratio of -667.17, a P/E/G ratio of 2.68 and a beta of 1.29. 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 (NASDAQ:FLYW) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Flywire had a positive return on equity of 0.80% and a negative net margin of 0.42%.The company had revenue of $194.10 million during the quarter, compared to analysts’ expectations of $180.07 million. During the same period last year, the firm posted $0.30 earnings per share. The business’s revenue was up 27.6% on a year-over-year basis. As a group, equities analysts predict that Flywire Corporation will post 0.14 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. The Goldman Sachs Group increased their target price on Flywire from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Citigroup raised shares of Flywire to a “hold” rating in a research note on Thursday, October 23rd. UBS Group raised their price objective 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 price objective on shares of Flywire in a report on Wednesday, November 5th. Finally, Wall Street Zen upgraded Flywire from a “sell” rating to a “hold” rating in a research report on Sunday, August 10th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from 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.