Flywire Co. (NASDAQ:FLYW) Director Sells $54,878.64 in Stock

Flywire Co. (NASDAQ:FLYW - Get Free Report) Director Edwin J. Santos sold 5,466 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $10.04, for a total transaction of $54,878.64. Following the transaction, the director now owns 21,990 shares in the company, valued at approximately $220,779.60. This represents a 19.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Flywire Trading Down 2.2%

Flywire stock traded down $0.23 during trading hours on Monday, reaching $10.27. 2,512,120 shares of the company were exchanged, compared to its average volume of 1,822,384. Flywire Co. has a 12 month low of $8.20 and a 12 month high of $23.40. The stock has a 50-day moving average of $9.90 and a 200 day moving average of $14.85. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 68.47, a PEG ratio of 1.41 and a beta of 1.27.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. Flywire had a net margin of 4.23% and a return on equity of 2.49%. The business had revenue of $128.70 million during the quarter, compared to analysts' expectations of $124.18 million. During the same period in the previous year, the company earned ($0.05) earnings per share. Flywire's revenue for the quarter was up 17.0% on a year-over-year basis. As a group, research analysts forecast that Flywire Co. will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Flywire by 361.4% in the third quarter. Barclays PLC now owns 197,493 shares of the company's stock worth $3,236,000 after purchasing an additional 154,694 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Flywire in the 4th quarter valued at approximately $239,000. KBC Group NV grew its holdings in Flywire by 64.0% in the 4th quarter. KBC Group NV now owns 4,899 shares of the company's stock valued at $101,000 after buying an additional 1,911 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Flywire in the 4th quarter worth approximately $104,000. Finally, Peregrine Capital Management LLC increased its position in Flywire by 20.7% in the 4th quarter. Peregrine Capital Management LLC now owns 490,749 shares of the company's stock worth $10,119,000 after buying an additional 84,040 shares during the period. Institutional investors and hedge funds own 95.90% of the company's stock.

Analyst Ratings Changes

FLYW has been the topic of a number of recent research reports. Wolfe Research restated a "peer perform" rating on shares of Flywire in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft lowered Flywire from a "buy" rating to a "hold" rating and reduced their price target for the company from $26.00 to $16.00 in a report on Wednesday, February 26th. Morgan Stanley lowered their price target on Flywire from $21.00 to $15.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Truist Financial assumed coverage on shares of Flywire in a research report on Monday, June 2nd. They set a "buy" rating and a $12.00 price objective on the stock. Finally, The Goldman Sachs Group lifted their target price on shares of Flywire from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Flywire has an average rating of "Hold" and a consensus target price of $15.15.

Flywire Company Profile

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.

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