Flywire Corporation (NASDAQ:FLYW - Get Free Report) insider Mohit Kansal sold 3,650 shares of the business's stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $16.96, for a total value of $61,904.00. Following the transaction, the insider owned 500,670 shares of the company's stock, valued at approximately $8,491,363.20. The trade was a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mohit Kansal also recently made the following trade(s):
- On Monday, June 15th, Mohit Kansal sold 54,543 shares of Flywire stock. The shares were sold at an average price of $15.15, for a total value of $826,326.45.
- On Wednesday, May 6th, Mohit Kansal sold 16,101 shares of Flywire stock. The shares were sold at an average price of $15.90, for a total value of $256,005.90.
Flywire Trading Up 0.3%
Shares of NASDAQ FLYW opened at $17.60 on Tuesday. Flywire Corporation has a 12 month low of $10.10 and a 12 month high of $18.05. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 76.52, a PEG ratio of 1.79 and a beta of 1.34. The business has a 50-day moving average of $15.39 and a 200-day moving average of $13.75.
Flywire (NASDAQ:FLYW - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.07. The business had revenue of $184.00 million for the quarter, compared to the consensus estimate of $170.24 million. Flywire had a net margin of 4.45% and a return on equity of 3.78%. Flywire's quarterly revenue was up 40.9% on a year-over-year basis. During the same period last year, the firm posted ($0.03) earnings per share. On average, analysts predict that Flywire Corporation will post 0.28 earnings per share for the current year.
Hedge Funds Weigh In On Flywire
Hedge funds have recently modified their holdings of the company. Essential Partners LLC increased its position in Flywire by 219.1% during the 1st quarter. Essential Partners LLC now owns 2,288 shares of the company's stock valued at $27,000 after purchasing an additional 1,571 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Flywire in the 4th quarter worth about $32,000. KBC Group NV purchased a new stake in shares of Flywire in the 1st quarter worth about $38,000. Leonteq Securities AG boosted its stake in shares of Flywire by 267.6% during the 1st quarter. Leonteq Securities AG now owns 3,540 shares of the company's stock valued at $41,000 after purchasing an additional 2,577 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted 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 valued at $66,000 after purchasing an additional 2,497 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on FLYW shares. Deutsche Bank Aktiengesellschaft upgraded shares of Flywire to an "outperform" rating in a research report on Wednesday, May 27th. Citigroup lifted their price target on Flywire from $13.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, May 7th. Morgan Stanley upped their price objective on Flywire from $17.00 to $20.00 and gave the stock an "overweight" rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. upgraded Flywire from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $14.00 to $16.00 in a research report on Thursday, May 21st. Finally, Truist Financial raised their price objective on Flywire from $16.00 to $18.00 and gave the company a "buy" rating in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $18.07.
View Our Latest Analysis on Flywire
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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