Flywire (NASDAQ:FLYW) Trading Down 4.8% - Time to Sell?

Flywire Corporation (NASDAQ:FLYW - Get Free Report) traded down 4.8% during trading on Friday . The company traded as low as $11.11 and last traded at $11.07. 334,538 shares were traded during trading, a decline of 83% from the average session volume of 1,917,611 shares. The stock had previously closed at $11.63.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FLYW shares. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $9.00 price objective (down from $16.00) on shares of Flywire in a research note on Monday, April 14th. Wolfe Research reissued a "peer perform" rating on shares of Flywire in a research report on Wednesday, April 23rd. Royal Bank Of Canada reduced their price objective on shares of Flywire from $20.00 to $17.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. The Goldman Sachs Group raised 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. Finally, Citigroup dropped their target price on shares of Flywire from $26.00 to $13.00 and set a "buy" rating on the stock in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Flywire presently has a consensus rating of "Hold" and an average price target of $15.00.

Flywire Trading Down 4.2%

The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 278.50, a P/E/G ratio of 1.57 and a beta of 1.28. The business has a 50-day moving average of $11.04 and a two-hundred day moving average of $13.18.

Flywire (NASDAQ:FLYW - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $128.70 million for the quarter, compared to analyst estimates of $124.18 million. Flywire had a return on equity of 1.57% and a net margin of 0.97%. Flywire's revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.05) EPS. Research analysts predict that Flywire Corporation will post 0.14 EPS for the current fiscal year.

Insider Transactions at Flywire

In other news, Director Edwin J. Santos sold 5,000 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $10.50, for a total transaction of $52,500.00. Following the completion of the transaction, the director directly owned 16,990 shares of the company's stock, valued at approximately $178,395. This trade represents a 22.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its stake in shares of Flywire by 2.3% in the 1st quarter. Rhumbline Advisers now owns 169,553 shares of the company's stock valued at $1,611,000 after purchasing an additional 3,732 shares during the period. Strs Ohio acquired a new stake in Flywire in the 1st quarter valued at $620,000. Mendon Capital Advisors Corp bought a new stake in Flywire in the first quarter valued at $919,000. Caxton Associates LLP bought a new stake in Flywire in the first quarter valued at $393,000. Finally, Goldman Sachs Group Inc. raised its stake in Flywire by 14.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,241,226 shares of the company's stock worth $11,792,000 after acquiring an additional 159,239 shares in the last quarter. Institutional investors and hedge funds own 95.90% of the company's stock.

About Flywire

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.