Flywire (NASDAQ:FLYW) Insider Sells 55,325 Shares of Stock

Flywire Corporation (NASDAQ:FLYW) insider David King sold 55,325 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $20.05, for a total value of $1,109,266.25. Following the transaction, the insider owned 147,079 shares in the company, valued at approximately $2,948,933.95. This trade represents a 27.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Flywire Trading Up 13.9%

Shares of FLYW stock traded up $2.66 on Wednesday, reaching $21.81. The company had a trading volume of 6,240,185 shares, compared to its average volume of 1,864,774. The stock has a market cap of $2.65 billion, a PE ratio of 83.89, a PEG ratio of 1.24 and a beta of 1.32. The company has a 50-day moving average of $18.29 and a 200-day moving average of $15.58. Flywire Corporation has a 12 month low of $10.55 and a 12 month high of $22.17.

Flywire (NASDAQ:FLYW) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.26. Flywire had a net margin of 4.77% and a return on equity of 4.08%. The business had revenue of $250.30 million for the quarter, compared to analyst estimates of $233.25 million. During the same quarter last year, the firm earned $0.23 EPS. Flywire’s quarterly revenue was up 25.1% compared to the same quarter last year. Sell-side analysts anticipate that Flywire Corporation will post 0.40 earnings per share for the current year.

Hedge Funds Weigh In On Flywire

Several hedge funds have recently made changes to their positions in the business. Nykredit A S acquired a new stake in shares of Flywire in the second quarter valued at approximately $29,000. Essential Partners LLC grew its position in Flywire by 219.1% in the first 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 in the last quarter. IFP Advisors Inc lifted its position in Flywire by 168.7% during the 3rd quarter. IFP Advisors Inc now owns 2,483 shares of the company’s stock worth $43,000 after buying an additional 1,559 shares in the last quarter. KBC Group NV bought a new stake in Flywire during the 1st quarter worth about $38,000. Finally, 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 worth $41,000 after buying an additional 2,577 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

More Flywire News

Here are the key news stories impacting Flywire this week:

• Positive Sentiment: Flywire reported Q3 revenue of $250.3 million, up 25.1% year over year and above analyst expectations of about $233.3 million. Earnings of $0.57 per share also topped the $0.31 consensus estimate. Flywire Q3 financial results
• Positive Sentiment: The company raised its 2026 FX-neutral revenue growth outlook, excluding ancillary services, by two percentage points at the midpoint, and lifted its adjusted EBITDA margin growth outlook by 30 basis points. It also outlined a goal of reaching a 25% adjusted EBITDA margin in 2027. Flywire outlook
• Positive Sentiment: B. Riley reaffirmed its Buy rating and raised its price target from $24 to $25, signaling continued confidence in the company’s prospects. B. Riley price target update
• Neutral Sentiment: JPMorgan raised its target from $20 to $23 but maintained a Neutral rating, indicating a more measured view despite the higher target. JPMorgan analyst rating

Analyst Upgrades and Downgrades

Several analysts have commented on FLYW shares. JPMorgan Chase & Co. raised their target price on shares of Flywire from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday. Seaport Research Partners reissued a “buy” rating and set a $22.00 price objective on shares of Flywire in a research report on Monday, August 17th. Stephens initiated coverage on shares of Flywire in a report on Friday, October 16th. They set an “equal weight” rating and a $20.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Flywire from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, B. Riley Financial reaffirmed a “buy” rating and issued a $25.00 target price (up from $24.00) on shares of Flywire in a research note on Wednesday. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.73.

Flywire Company Profile

Flywire Corp. (NASDAQ: FLYW) is a global payments and software company that helps organizations receive and manage payments from customers and clients in multiple countries and currencies. Its platform is designed to simplify complex, cross-border transactions while providing payment tracking, reconciliation and related accounts-receivable capabilities.

The company serves several major verticals, including education, healthcare, travel and business-to-business payments. Its products and services include international and domestic payment processing, digital billing and invoicing, payment plans, embedded payment solutions and tools that help organizations automate reconciliation and improve the payment experience.

Flywire was founded in 2009 as peerTransfer and is headquartered in Boston, Massachusetts.