Flywire (NASDAQ:FLYW) General Counsel Peter Butterfield Sells 8,120 Shares

Flywire Corporation (NASDAQ:FLYW) General Counsel Peter Butterfield sold 8,120 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $13.69, for a total value of $111,162.80. Following the sale, the general counsel owned 382,310 shares of the company’s stock, valued at approximately $5,233,823.90. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Peter Butterfield also recently made the following trade(s):

• On Wednesday, November 5th, Peter Butterfield sold 1,000 shares of Flywire stock. The stock was sold at an average price of $15.00, for a total transaction of $15,000.00.

Flywire Stock Performance

Shares of Flywire stock traded up $0.51 on Thursday, hitting $14.61. 3,287,767 shares of the company’s stock were exchanged, compared to its average volume of 2,306,358. Flywire Corporation has a 1 year low of $8.20 and a 1 year high of $21.75. The company has a 50-day simple moving average of $13.46 and a 200-day simple moving average of $12.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market capitalization of $1.78 billion, a PE ratio of -730.13, a PEG ratio of 2.69 and a beta of 1.28.

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

Analysts Set New Price Targets

Several brokerages have weighed in on FLYW. The Goldman Sachs Group lifted 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, November 5th. Stephens restated an “equal weight” rating and set a $13.00 price objective on shares of Flywire in a research report on Monday, September 22nd. Citigroup upgraded shares of Flywire to a “hold” rating in a research note on Thursday, October 23rd. Truist Financial increased their price target on Flywire from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Flywire in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Flywire currently has an average rating of “Hold” and an average price target of $14.81.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FLYW. Covestor Ltd increased its holdings in shares of Flywire by 217.9% in the third quarter. Covestor Ltd now owns 3,233 shares of the company’s stock worth $43,000 after purchasing an additional 2,216 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Flywire by 194.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock valued at $38,000 after buying an additional 2,167 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Flywire during the 3rd quarter valued at approximately $67,000. Daiwa Securities Group Inc. increased its stake in 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 acquiring an additional 2,497 shares during the last quarter. Finally, CWM LLC increased its stake in Flywire by 850.9% in the 2nd quarter. CWM LLC now owns 6,447 shares of the company’s stock worth $75,000 after acquiring an additional 5,769 shares during the last quarter. Hedge funds and other institutional investors 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.