Key Points
- Flywire General Counsel Peter Butterfield sold 12,156 shares at an average price of $17.99, generating $218,686.44. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his ownership by 1.98% to 601,022 shares.
- Flywire recently reported quarterly revenue of $163.8 million, up 27.2% year over year and above analyst expectations, but its loss of $0.07 per share missed consensus estimates of a $0.02 loss.
- The stock opened at $17.75, while analysts maintain a “Moderate Buy” consensus with an average price target of $20.23; institutional investors and hedge funds own 95.9% of outstanding shares.
Flywire Corporation (NASDAQ:FLYW - Get Free Report) General Counsel Peter Butterfield sold 12,156 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $17.99, for a total transaction of $218,686.44. Following the completion of the transaction, the general counsel owned 601,022 shares of the company's stock, valued at approximately $10,812,385.78. The trade was a 1.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Peter Butterfield also recently made the following trade(s):
- On Monday, June 15th, Peter Butterfield sold 6,528 shares of Flywire stock. The shares were sold at an average price of $15.08, for a total transaction of $98,442.24.
Flywire Trading Down 0.1%
NASDAQ:FLYW opened at $17.75 on Friday. The business's fifty day moving average price is $17.94 and its 200 day moving average price is $15.49. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 68.27, a PEG ratio of 1.14 and a beta of 1.30. Flywire Corporation has a 1-year low of $10.55 and a 1-year high of $19.73.
Flywire (NASDAQ:FLYW - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.05). Flywire had a return on equity of 4.08% and a net margin of 4.77%.The company had revenue of $163.80 million during the quarter, compared to analysts' expectations of $156.47 million. During the same quarter in the previous year, the company earned ($0.10) EPS. The firm's quarterly revenue was up 27.2% compared to the same quarter last year. Equities analysts forecast that Flywire Corporation will post 0.4 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Essential Partners LLC grew 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 last quarter. Nykredit A S bought a new position in Flywire during the second quarter worth $29,000. Global Retirement Partners LLC acquired a new position in Flywire during the 4th quarter valued at $32,000. KBC Group NV acquired a new position in Flywire during the 1st quarter valued at $38,000. Finally, Leonteq Securities AG boosted its holdings in Flywire by 267.6% in 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 during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on FLYW shares. Weiss Ratings raised Flywire from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, September 1st. The Goldman Sachs Group reissued a "neutral" rating and set a $22.00 price objective on shares of Flywire in a report on Wednesday, August 5th. New Street Research set a $16.00 price objective on Flywire in a research note on Thursday, May 21st. BTIG Research restated a "buy" rating on shares of Flywire in a report on Thursday. Finally, UBS Group upped their target price on Flywire from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Flywire has an average rating of "Moderate Buy" and an average price target of $20.23.
Get Our Latest Stock Report on Flywire
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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