Peter Butterfield Sells 1,000 Shares of Flywire (NASDAQ:FLYW) Stock

Flywire Corporation (NASDAQ:FLYW) General Counsel Peter Butterfield sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $15.00, for a total transaction of $15,000.00. Following the sale, the general counsel directly owned 393,522 shares of the company’s stock, valued at approximately $5,902,830. The trade was a 0.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Flywire Price Performance

Shares of FLYW traded up $0.02 on Friday, hitting $13.56. The company’s stock had a trading volume of 2,655,712 shares, compared to its average volume of 2,398,801. The company has a market capitalization of $1.66 billion, a PE ratio of -677.66, a PEG ratio of 3.65 and a beta of 1.29. Flywire Corporation has a fifty-two week low of $8.20 and a fifty-two week high of $23.40. The company has a 50 day moving average price of $13.27 and a 200 day moving average price of $11.86. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.87 and a quick ratio of 1.87.

Flywire (NASDAQ:FLYW) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $194.10 million during the quarter, compared to analysts’ expectations of $180.07 million. Flywire had a positive return on equity of 0.80% and a negative net margin of 0.42%.The business’s revenue was up 27.6% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. On average, research analysts anticipate that Flywire Corporation will post 0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FLYW. Zacks Research downgraded shares of Flywire from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Flywire in a research report on Wednesday, October 8th. The Goldman Sachs Group raised their price target on shares of Flywire from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Flywire in a research report on Thursday, July 17th. They issued a “hold” rating and a $12.00 price objective for the company. Finally, Truist Financial increased their price objective on Flywire from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Flywire currently has an average rating of “Hold” and an average price target of $14.73.

Hedge Funds Weigh In On Flywire

Several large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC boosted its stake in Flywire by 194.9% in the second quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock valued at $38,000 after acquiring an additional 2,167 shares during the last quarter. Covestor Ltd lifted its stake in shares of Flywire by 217.9% in the 3rd quarter. Covestor Ltd now owns 3,233 shares of the company’s stock valued at $43,000 after purchasing an additional 2,216 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Flywire by 78.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock worth $66,000 after purchasing an additional 2,497 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Flywire during the third quarter worth $67,000. Finally, CWM LLC grew its stake in shares of Flywire by 850.9% during the second quarter. CWM LLC now owns 6,447 shares of the company’s stock worth $75,000 after purchasing an additional 5,769 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

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.