Key Points
- Flywire director Phillip John Riese sold 5,000 shares on June 2 at an average price of $15.43, totaling $77,150. After the sale, he still held 234,493 shares worth about $3.62 million.
- The sale follows a larger insider transaction by Riese in early May, when he sold 37,921 shares at an average price of $16.87 for about $639,727.
- Flywire recently reported better-than-expected quarterly results, with EPS of $0.10 versus estimates of $0.03 and revenue up 40.9% year over year to $184 million. Analysts currently rate the stock a Moderate Buy with a consensus price target of $18.07.
Flywire Corporation (NASDAQ:FLYW - Get Free Report) Director Phillip John Riese sold 5,000 shares of Flywire stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $15.43, for a total value of $77,150.00. Following the completion of the sale, the director directly owned 234,493 shares of the company's stock, valued at $3,618,226.99. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Phillip John Riese also recently made the following trade(s):
- On Wednesday, May 6th, Phillip John Riese sold 37,921 shares of Flywire stock. The stock was sold at an average price of $16.87, for a total value of $639,727.27.
Flywire Price Performance
Shares of FLYW opened at $14.58 on Friday. Flywire Corporation has a one year low of $9.97 and a one year high of $18.05. The firm has a market capitalization of $1.80 billion, a P/E ratio of 63.39, a PEG ratio of 1.00 and a beta of 1.34. The business has a fifty day moving average of $14.18 and a 200 day moving average of $13.52.
Flywire (NASDAQ:FLYW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.03 by $0.07. Flywire had a return on equity of 3.78% and a net margin of 4.45%.The company had revenue of $184.00 million during the quarter, compared to analyst estimates of $170.24 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. Flywire's revenue was up 40.9% compared to the same quarter last year. Analysts expect that Flywire Corporation will post 0.42 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on FLYW shares. Weiss Ratings raised Flywire from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, May 26th. Raymond James Financial reissued an "outperform" rating and set a $22.00 price target on shares of Flywire in a report on Wednesday, May 27th. UBS Group boosted their price target on Flywire from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Wednesday, May 6th. New Street Research set a $16.00 price target on Flywire in a report on Thursday, May 21st. Finally, Truist Financial boosted their price target on Flywire from $16.00 to $18.00 and gave the company a "buy" rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.07.
Check Out Our Latest Stock Analysis on FLYW
Hedge Funds Weigh In On Flywire
Hedge funds have recently made changes to their positions in the business. Essential Partners LLC boosted its stake in shares of Flywire by 219.1% in the first quarter. Essential Partners LLC now owns 2,288 shares of the company's stock worth $27,000 after acquiring an additional 1,571 shares during the period. Global Retirement Partners LLC bought a new position in shares of Flywire in the fourth quarter worth about $32,000. KBC Group NV bought a new position in shares of Flywire in the first quarter worth about $38,000. Leonteq Securities AG boosted its stake in shares of Flywire by 267.6% in the first quarter. Leonteq Securities AG now owns 3,540 shares of the company's stock worth $41,000 after acquiring an additional 2,577 shares during the period. Finally, Daiwa Securities Group Inc. boosted 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 worth $66,000 after acquiring an additional 2,497 shares during the period. 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.
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