Flywire (NASDAQ:FLYW – Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01), Briefing.com reports. The firm had revenue of $114.10 million for the quarter, compared to analyst estimates of $107.81 million. Flywire had a negative return on equity of 1.35% and a negative net margin of 2.13%. The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) earnings per share.
Flywire Price Performance
NASDAQ:FLYW opened at $17.24 on Thursday. The firm has a 50-day moving average of $23.36 and a two-hundred day moving average of $23.13. The stock has a market cap of $2.12 billion, a P/E ratio of -191.53, a PEG ratio of 11.18 and a beta of 1.09. Flywire has a 1-year low of $15.77 and a 1-year high of $35.80.
Insider Transactions at Flywire
In related news, COO Rob Orgel sold 17,150 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $27.30, for a total value of $468,195.00. Following the transaction, the chief operating officer now owns 468,285 shares in the company, valued at $12,784,180.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, COO Rob Orgel sold 17,150 shares of Flywire stock in a transaction on Monday, March 4th. The shares were sold at an average price of $27.30, for a total value of $468,195.00. Following the completion of the sale, the chief operating officer now owns 468,285 shares in the company, valued at $12,784,180.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Phillip John Riese sold 50,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $26.41, for a total transaction of $1,320,500.00. Following the transaction, the director now owns 232,037 shares in the company, valued at $6,128,097.17. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 141,800 shares of company stock valued at $3,743,582. 5.00% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Flywire
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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