Key Points
- Peter Butterfield, Flywire's General Counsel, sold 13,327 shares on Jan. 7 at an average $15.01 for about $200,038, trimming his position by 3.43% to 374,933 shares; he also sold 8,120 shares on Dec. 9 and 1,000 on Nov. 5.
- Flywire recently reported $0.23 EPS and $194.1M in revenue (up 27.6% YoY), the stock trades near $14.62 with a market cap of roughly $1.79B, and the consensus analyst rating is "Hold" with an average target of $15.19.
Flywire Corporation (NASDAQ:FLYW - Get Free Report) General Counsel Peter Butterfield sold 13,327 shares of the business's stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $15.01, for a total transaction of $200,038.27. Following the completion of the transaction, the general counsel owned 374,933 shares of the company's stock, valued at approximately $5,627,744.33. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Peter Butterfield also recently made the following trade(s):
- On Tuesday, December 9th, Peter Butterfield sold 8,120 shares of Flywire stock. The stock was sold at an average price of $13.69, for a total value of $111,162.80.
- On Wednesday, November 5th, Peter Butterfield sold 1,000 shares of Flywire stock. The shares were sold at an average price of $15.00, for a total value of $15,000.00.
Flywire Stock Performance
Shares of Flywire stock opened at $14.62 on Friday. The business has a 50-day simple moving average of $14.02 and a 200-day simple moving average of $13.01. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.53 and a current ratio of 1.53. Flywire Corporation has a one year low of $8.20 and a one year high of $21.31. The company has a market cap of $1.79 billion, a PE ratio of -730.63, a P/E/G ratio of 1.56 and a beta of 1.28.
Flywire (NASDAQ:FLYW - Get Free Report) last posted its quarterly 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. Flywire had a negative net margin of 0.42% and a positive return on equity of 0.80%. The company had revenue of $194.10 million during the quarter, compared to analysts' expectations of $180.07 million. During the same quarter in the previous year, the business posted $0.30 EPS. The firm's revenue was up 27.6% on a year-over-year basis. On average, equities research analysts forecast that Flywire Corporation will post 0.14 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
FLYW has been the topic of several research analyst reports. Truist Financial raised their target price on Flywire from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, November 13th. Zacks Research raised shares of Flywire from a "strong sell" rating to a "hold" rating in a research report on Wednesday, November 19th. B. Riley boosted their price target on shares of Flywire from $15.00 to $20.00 and gave the company a "buy" rating in a research report on Friday. Wolfe Research reaffirmed an "outperform" rating and set a $19.00 price objective on shares of Flywire in a report on Wednesday, November 5th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Flywire in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Flywire currently has an average rating of "Hold" and an average target price of $15.19.
Read Our Latest Stock Analysis on Flywire
Institutional Investors Weigh In On Flywire
Several large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its holdings in shares of 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 period. Covestor Ltd increased its position in Flywire by 217.9% during the 3rd quarter. Covestor Ltd now owns 3,233 shares of the company's stock worth $43,000 after purchasing an additional 2,216 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Flywire by 78.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company's stock worth $66,000 after buying an additional 2,497 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Flywire during the third quarter worth $67,000. Finally, CWM LLC raised its position in Flywire by 850.9% in the second 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. Hedge funds and other institutional investors own 95.90% of the company's stock.
Flywire Company Profile
(
Get Free Report)
Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire's technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.
Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.
Further Reading
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