Flywire Co. (NASDAQ:FLYW - Get Free Report) CEO Michael Massaro sold 13,043 shares of Flywire stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $24.07, for a total transaction of $313,945.01. Following the sale, the chief executive officer now owns 1,655,673 shares of the company's stock, valued at $39,852,049.11. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Michael Massaro also recently made the following trade(s):
- On Tuesday, March 19th, Michael Massaro sold 18,689 shares of Flywire stock. The shares were sold at an average price of $25.11, for a total transaction of $469,280.79.
- On Monday, March 4th, Michael Massaro sold 28,822 shares of Flywire stock. The shares were sold at an average price of $27.30, for a total transaction of $786,840.60.
Flywire Price Performance
Shares of NASDAQ FLYW opened at $23.23 on Friday. Flywire Co. has a 52-week low of $18.65 and a 52-week high of $35.80. The firm has a fifty day moving average of $24.19 and a 200-day moving average of $24.65.
Flywire (NASDAQ:FLYW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. Flywire had a negative net margin of 2.13% and a negative return on equity of 1.35%. The company had revenue of $100.55 million during the quarter, compared to analysts' expectations of $88.52 million. During the same period in the previous year, the company earned ($0.01) EPS. The business's quarterly revenue was up 37.6% compared to the same quarter last year. As a group, analysts anticipate that Flywire Co. will post 0.05 EPS for the current fiscal year.
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A number of equities research analysts have recently issued reports on the stock. Truist Financial lifted their price target on shares of Flywire from $30.00 to $39.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. UBS Group raised their price objective on shares of Flywire from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. The Goldman Sachs Group raised their price objective on shares of Flywire from $29.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. Royal Bank of Canada raised their price objective on shares of Flywire from $36.00 to $41.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Flywire from $29.00 to $32.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Flywire currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.27.
Read Our Latest Stock Report on FLYW
Institutional Trading of Flywire
Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Flywire by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 10,761,286 shares of the company's stock valued at $249,124,000 after acquiring an additional 243,523 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Flywire by 58.7% during the 2nd quarter. BlackRock Inc. now owns 6,055,457 shares of the company's stock valued at $187,961,000 after acquiring an additional 2,239,940 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Flywire by 9.4% during the 4th quarter. Alliancebernstein L.P. now owns 5,709,945 shares of the company's stock valued at $139,722,000 after acquiring an additional 488,622 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Flywire by 24.8% during the 4th quarter. Westfield Capital Management Co. LP now owns 4,386,731 shares of the company's stock valued at $101,553,000 after acquiring an additional 872,619 shares in the last quarter. Finally, Eventide Asset Management LLC lifted its holdings in shares of Flywire by 3.2% during the 4th quarter. Eventide Asset Management LLC now owns 4,203,264 shares of the company's stock valued at $97,306,000 after acquiring an additional 131,996 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.
About Flywire
(
Get Free Report)
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.
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