Key Points
- General counsel Peter Butterfield sold 8,120 shares on Dec. 9 at an average price of $13.69 for ~$111,162.80, trimming his stake to 382,310 shares (a ~2.08% decrease).
- Flywire beat expectations in its latest quarter with $0.23 EPS vs. $0.19 consensus and revenue of $194.1M, up 27.6% year-over-year.
- The stock carries a market cap of about $1.78B, a 12‑month range of $8.20–$21.75, and a MarketBeat consensus rating of "Hold" with an average price target of $14.81.
Flywire Corporation (NASDAQ:FLYW - Get Free Report) General Counsel Peter Butterfield sold 8,120 shares of Flywire stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $13.69, for a total value of $111,162.80. Following the transaction, the general counsel owned 382,310 shares of the company's stock, valued at approximately $5,233,823.90. This represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Peter Butterfield also recently made the following trade(s):
- On Wednesday, November 5th, Peter Butterfield sold 1,000 shares of Flywire stock. The stock was sold at an average price of $15.00, for a total value of $15,000.00.
Flywire Price Performance
Shares of NASDAQ FLYW opened at $14.58 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -732.28, a PEG ratio of 2.79 and a beta of 1.28. The firm's 50 day simple moving average is $13.48 and its 200-day simple moving average is $12.46. Flywire Corporation has a 12 month low of $8.20 and a 12 month high of $21.75.
Flywire (NASDAQ:FLYW - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $194.10 million for the quarter, compared to the consensus estimate of $180.07 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The firm's quarterly revenue was up 27.6% compared to the same quarter last year. Analysts expect that Flywire Corporation will post 0.14 EPS for the current year.
Institutional Investors Weigh In On Flywire
Institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its position 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. Covestor Ltd boosted its position in shares of Flywire by 217.9% during the third quarter. Covestor Ltd now owns 3,233 shares of the company's stock worth $43,000 after buying an additional 2,216 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Flywire by 78.4% in the second quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company's stock valued at $66,000 after buying an additional 2,497 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Flywire in the 3rd quarter valued at $67,000. Finally, CWM LLC lifted its stake in Flywire by 850.9% during the 2nd quarter. CWM LLC now owns 6,447 shares of the company's stock worth $75,000 after acquiring an additional 5,769 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on FLYW shares. Truist Financial upped their price target on Flywire from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Thursday, November 13th. Wolfe Research reissued an "outperform" rating and issued a $19.00 price target on shares of Flywire in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Flywire in a report on Wednesday, October 8th. Stephens reiterated an "equal weight" rating and set a $13.00 price objective on shares of Flywire in a research note on Monday, September 22nd. Finally, Zacks Research raised Flywire from a "strong sell" rating to a "hold" rating in a report on Wednesday, November 19th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Flywire presently has a consensus rating of "Hold" and an average price target of $14.81.
View Our Latest Report on FLYW
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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