Key Points
- Peter Butterfield, Flywire’s General Counsel, sold 1,000 shares on Nov. 5 at $15.00 for $15,000, reducing his stake to 393,522 shares (a 0.25% decrease) per an SEC filing.
- Recent quarter beat estimates as Flywire reported $0.23 EPS vs. $0.19 estimate and $194.1M revenue (up 27.6% YoY), though the company still showed a slight negative net margin (-0.42%).
- Strong institutional ownership (95.9%) with large stake increases from firms like Voss Capital and Divisadero, while analysts' consensus is a "Hold" with an average price target of $14.73 and the stock trading near $13.56.
Flywire Corporation (NASDAQ:FLYW - Get Free Report) General Counsel Peter Butterfield sold 1,000 shares of Flywire stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $15.00, for a total transaction of $15,000.00. Following the transaction, the general counsel directly owned 393,522 shares of the company's stock, valued at approximately $5,902,830. This trade represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Flywire Price Performance
Shares of FLYW opened at $13.56 on Friday. The company's 50-day moving average is $13.28 and its 200-day moving average is $11.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.87 and a quick ratio of 1.87. The firm has a market capitalization of $1.66 billion, a PE ratio of -677.66, a PEG ratio of 3.00 and a beta of 1.29. Flywire Corporation has a fifty-two week low of $8.20 and a fifty-two week high of $23.40.
Flywire (NASDAQ:FLYW - Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $0.23 EPS for the quarter, topping the consensus estimate 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%. Flywire's revenue was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. Equities analysts forecast that Flywire Corporation will post 0.14 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Voss Capital LP lifted its stake in shares of Flywire by 176.0% in the 2nd quarter. Voss Capital LP now owns 8,100,000 shares of the company's stock valued at $94,770,000 after acquiring an additional 5,165,014 shares during the last quarter. Divisadero Street Capital Management LP increased its stake in shares of Flywire by 178.0% in the second quarter. Divisadero Street Capital Management LP now owns 4,784,654 shares of the company's stock valued at $55,980,000 after buying an additional 3,063,518 shares during the period. Azora Capital LP bought a new position in Flywire in the 2nd quarter valued at approximately $33,355,000. Wellington Management Group LLP acquired a new stake in Flywire during the 1st quarter worth approximately $15,782,000. Finally, Federated Hermes Inc. bought a new stake in Flywire during the 1st quarter worth approximately $11,733,000. Institutional investors own 95.90% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Citigroup upgraded Flywire to a "hold" rating in a research note on Thursday, October 23rd. UBS Group increased their price objective on Flywire from $13.50 to $15.50 and gave the stock a "neutral" rating in a research report on Wednesday. Weiss Ratings reissued a "sell (d)" rating on shares of Flywire in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Flywire in a report on Thursday, July 17th. They issued a "hold" rating and a $12.00 price objective for the company. Finally, Wolfe Research restated an "outperform" rating and set a $19.00 target price on shares of Flywire in a research report on Wednesday. Five 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 stock. According to data from MarketBeat, Flywire currently has an average rating of "Hold" and an average price target of $14.73.
Check Out Our Latest Stock Report on FLYW
Flywire Company Profile
(
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.
Further Reading
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