Flywire (NASDAQ:FLYW) Shares Sold Off Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of Flywire Co. (NASDAQ:FLYW). In a filing disclosed on May 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Flywire stock on April 17th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Beiersdorf Aktiengesellschaft OTCMKTS: BDRFF on 5/2/2025.
• Purchased $1,001 - $15,000 in shares of Alkami Technology NASDAQ: ALKT on 4/30/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 4/29/2025.
• Sold $1,001 - $15,000 in shares of DXC Technology NYSE: DXC on 4/29/2025.
• Sold $1,001 - $15,000 in shares of DOW NYSE: DOW on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Zions Bancorporation, National Association NASDAQ: ZION on 4/29/2025.
• Purchased $1,001 - $15,000 in shares of O'Reilly Automotive NASDAQ: ORLY on 4/29/2025.
• Purchased $1,001 - $15,000 in shares of McKesson NYSE: MCK on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Humana NYSE: HUM on 4/29/2025.

Flywire Price Performance

Flywire stock traded down $0.23 during trading on Friday, reaching $10.89. 2,043,831 shares of the company were exchanged, compared to its average volume of 1,728,229. The stock's 50 day simple moving average is $9.57 and its two-hundred day simple moving average is $16.13. The company has a market capitalization of $1.35 billion, a P/E ratio of 72.60, a PEG ratio of 1.41 and a beta of 1.22. Flywire Co. has a 52-week low of $8.20 and a 52-week high of $23.40.

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

Insider Activity at Flywire

In other news, Director Gretchen Howard acquired 8,889 shares of Flywire stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $10.94 per share, for a total transaction of $97,245.66. Following the acquisition, the director now owns 30,770 shares of the company's stock, valued at $336,623.80. This trade represents a 40.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Peter Butterfield sold 5,523 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $10.08, for a total transaction of $55,671.84. Following the transaction, the general counsel now owns 247,561 shares of the company's stock, valued at approximately $2,495,414.88. The trade was a 2.18 % decrease in their position. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Flywire

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versor Investments LP acquired a new stake in shares of Flywire in the fourth quarter valued at $1,118,000. Y Intercept Hong Kong Ltd raised its position in Flywire by 345.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 96,029 shares of the company's stock valued at $1,980,000 after purchasing an additional 74,465 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Flywire by 38.4% in the 4th quarter. Sei Investments Co. now owns 110,144 shares of the company's stock valued at $2,271,000 after buying an additional 30,572 shares during the period. Vanguard Group Inc. grew its position in shares of Flywire by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 12,087,221 shares of the company's stock worth $249,238,000 after buying an additional 781,711 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Flywire by 99.7% during the fourth quarter. New York State Common Retirement Fund now owns 220,625 shares of the company's stock worth $4,549,000 after buying an additional 110,124 shares during the period. Hedge funds and other institutional investors own 95.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. BTIG Research cut Flywire from a "buy" rating to a "neutral" rating in a report on Wednesday, February 26th. The Goldman Sachs Group upped their price target on Flywire from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut Flywire from a "buy" rating to a "hold" rating and lowered their price target for the stock from $26.00 to $16.00 in a report on Wednesday, February 26th. Morgan Stanley reduced their price objective on shares of Flywire from $21.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Finally, Citigroup lowered their target price on shares of Flywire from $26.00 to $13.00 and set a "buy" rating for the company in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $15.62.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.