Insider Selling: Flywire (NASDAQ:FLYW) Director Sells 16,612 Shares of Stock

Flywire Corporation (NASDAQ:FLYW) Director Phillip John Riese sold 16,612 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $15.08, for a total value of $250,508.96. Following the completion of the sale, the director directly owned 234,493 shares in the company, valued at $3,536,154.44. This trade represents a 6.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Phillip John Riese also recently made the following trade(s):

• On Tuesday, December 23rd, Phillip John Riese sold 367 shares of Flywire stock. The stock was sold at an average price of $15.00, for a total value of $5,505.00.
• On Wednesday, November 5th, Phillip John Riese sold 100 shares of Flywire stock. The shares were sold at an average price of $15.02, for a total value of $1,502.00.

Flywire Stock Performance

Shares of Flywire stock traded up $0.16 during midday trading on Friday, hitting $14.62. The company had a trading volume of 1,388,275 shares, compared to its average volume of 1,366,954. The stock has a market cap of $1.79 billion, a PE ratio of -730.63, a P/E/G ratio of 1.56 and a beta of 1.28. Flywire Corporation has a 1-year low of $8.20 and a 1-year high of $21.31. The business’s 50 day simple moving average is $14.00 and its two-hundred day simple moving average is $12.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.53 and a quick ratio of 1.53.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Flywire in a research note on Wednesday, October 8th. Citigroup raised shares of Flywire to a “hold” rating in a report on Thursday, October 23rd. The Goldman Sachs Group lifted their target price on shares of Flywire from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Stephens restated an “equal weight” rating and set a $13.00 price target on shares of Flywire in a research note on Monday, September 22nd. Finally, Zacks Research upgraded Flywire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.19.

Hedge Funds Weigh In On Flywire

A number of institutional investors and hedge funds have recently bought and sold shares of FLYW. SG Americas Securities LLC increased its holdings in shares of Flywire by 60.1% in the fourth quarter. SG Americas Securities LLC now owns 78,187 shares of the company’s stock valued at $1,107,000 after purchasing an additional 29,351 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Flywire in the 4th quarter valued at $252,000. BlueCrest Capital Management Ltd bought a new stake in shares of Flywire during the third quarter worth $1,354,000. CIBC Private Wealth Group LLC bought a new stake in shares of Flywire during the third quarter worth $1,253,000. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Flywire during the third quarter valued at $169,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Flywire Company Profile

Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.