Keybank National Association OH Has $146,000 Position in Flywire Corporation $FLYW

Keybank National Association OH lessened its position in shares of Flywire Corporation (NASDAQ:FLYW) by 40.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,484 shares of the company’s stock after selling 8,396 shares during the period. Keybank National Association OH’s holdings in Flywire were worth $146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in FLYW. Nisa Investment Advisors LLC lifted its stake in Flywire by 194.9% during the second 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 last quarter. CWM LLC raised its holdings in shares of Flywire by 850.9% during the 2nd quarter. CWM LLC now owns 6,447 shares of the company’s stock worth $75,000 after buying an additional 5,769 shares in the last quarter. JT Stratford LLC bought a new stake in shares of Flywire during the 1st quarter worth $109,000. Dakota Wealth Management boosted its stake in Flywire by 8.7% in the first quarter. Dakota Wealth Management now owns 13,334 shares of the company’s stock valued at $127,000 after buying an additional 1,066 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new stake in Flywire in the first quarter valued at about $130,000. 95.90% of the stock is owned by institutional investors.

Flywire Stock Down 3.2%

Flywire stock opened at $13.54 on Friday. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -676.66, a PEG ratio of 3.65 and a beta of 1.29. Flywire Corporation has a 52-week low of $8.20 and a 52-week high of $23.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.87 and a current ratio of 1.87. The firm has a 50 day moving average price of $13.27 and a two-hundred day moving average price of $11.86.

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

Wall Street Analysts Forecast Growth

FLYW has been the subject of several research analyst reports. Stephens reissued an “equal weight” rating and set a $13.00 target price on shares of Flywire in a research note on Monday, September 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Flywire in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Flywire from a “sell” rating to a “hold” rating in a research note on Sunday, August 10th. Wolfe Research reiterated an “outperform” rating and set a $19.00 price target on shares of Flywire in a report on Wednesday. Finally, Zacks Research cut Flywire from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $14.73.

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.