Key Points
- Flywire General Counsel Peter Butterfield sold 9,009 shares on March 5 at an average price of $13.05, trimming his stake by 1.66% to 532,962 shares (≈$6.96M).
- The company posted a strong quarter with revenue of $157.54M (up 34% year-over-year) and an EPS that materially beat analyst estimates, signaling improving fundamentals.
- Market and analyst context: Flywire has a market cap of $1.64B, a 1‑year range of $8.20–$15.25, mixed analyst ratings (6 Buy / 6 Hold / 2 Sell) with an average price target of $15.58, and institutional ownership around 95.9%.
Flywire Corporation (NASDAQ:FLYW - Get Free Report) General Counsel Peter Butterfield sold 9,009 shares of the company's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $13.05, for a total transaction of $117,567.45. Following the completion of the sale, the general counsel owned 532,962 shares of the company's stock, valued at approximately $6,955,154.10. This represents a 1.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Peter Butterfield also recently made the following trade(s):
- On Wednesday, January 7th, Peter Butterfield sold 13,327 shares of Flywire stock. The stock was sold at an average price of $15.01, for a total value of $200,038.27.
- 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.
Flywire Trading Up 2.1%
NASDAQ:FLYW opened at $13.56 on Tuesday. Flywire Corporation has a 1 year low of $8.20 and a 1 year high of $15.25. The stock has a 50-day moving average price of $12.78 and a two-hundred day moving average price of $13.28. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 135.61, a PEG ratio of 1.16 and a beta of 1.28.
Flywire (NASDAQ:FLYW - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The company reported $105.55 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $105.56. Flywire had a return on equity of 2.76% and a net margin of 2.17%.The company had revenue of $157.54 million for the quarter, compared to analyst estimates of $144.96 million. During the same quarter last year, the firm posted ($0.12) earnings per share. Flywire's revenue was up 34.0% compared to the same quarter last year. Sell-side analysts forecast that Flywire Corporation will post 0.14 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on FLYW shares. Wall Street Zen raised shares of Flywire from a "hold" rating to a "buy" rating in a research note on Saturday, February 28th. Weiss Ratings reissued a "sell (d)" rating on shares of Flywire in a research report on Thursday, January 22nd. Truist Financial dropped their price objective on shares of Flywire from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, March 3rd. UBS Group reduced their target price on shares of Flywire from $15.50 to $14.00 and set a "neutral" rating for the company in a research note on Wednesday, February 25th. Finally, Zacks Research upgraded Flywire from a "strong sell" rating to a "hold" rating in a report on Wednesday, November 19th. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $15.58.
Get Our Latest Analysis on Flywire
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new position in shares of Flywire during the 1st quarter worth approximately $271,000. Millennium Management LLC boosted its holdings in shares of Flywire by 15.1% in the 1st quarter. Millennium Management LLC now owns 1,330,971 shares of the company's stock valued at $12,644,000 after buying an additional 175,007 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Flywire by 14.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,241,226 shares of the company's stock valued at $11,792,000 after buying an additional 159,239 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Flywire by 59.7% in the second quarter. Teacher Retirement System of Texas now owns 51,267 shares of the company's stock valued at $600,000 after buying an additional 19,159 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. bought a new position in shares of Flywire in the second quarter valued at $421,000. 95.90% of the stock is currently owned by institutional investors.
About Flywire
(
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.
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