Flywire (NASDAQ:FLYW) General Counsel Peter Butterfield Sells 6,528 Shares

Flywire Corporation (NASDAQ:FLYW) General Counsel Peter Butterfield sold 6,528 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $15.08, for a total value of $98,442.24. Following the completion of the sale, the general counsel owned 652,152 shares in the company, valued at approximately $9,834,452.16. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, June 5th, Peter Butterfield sold 6,188 shares of Flywire stock. The stock was sold at an average price of $14.40, for a total value of $89,107.20.
• On Thursday, May 7th, Peter Butterfield sold 1,480 shares of Flywire stock. The stock was sold at an average price of $18.02, for a total value of $26,669.60.

Flywire Stock Performance

Shares of NASDAQ FLYW opened at $15.42 on Thursday. Flywire Corporation has a fifty-two week low of $10.10 and a fifty-two week high of $18.05. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 67.04, a PEG ratio of 1.62 and a beta of 1.34. The business’s 50 day moving average price is $14.71 and its 200-day moving average price is $13.60.

Flywire (NASDAQ:FLYW) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.07. Flywire had a return on equity of 3.78% and a net margin of 4.45%.The company had revenue of $184.00 million for the quarter, compared to analysts’ expectations of $170.24 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. Flywire’s revenue was up 40.9% compared to the same quarter last year. Sell-side analysts predict that Flywire Corporation will post 0.28 earnings per share for the current year.

Analysts Set New Price Targets

FLYW has been the topic of several research analyst reports. Wall Street Zen raised Flywire from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Citigroup increased their price objective on Flywire from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Royal Bank Of Canada increased their price objective on Flywire from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. The Goldman Sachs Group reissued a “neutral” rating and issued a $17.00 price objective on shares of Flywire in a research note on Wednesday, May 6th. Finally, UBS Group increased their target price on Flywire from $14.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Flywire currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.07.

Institutional Trading of Flywire

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Essential Partners LLC boosted its position in Flywire by 219.1% during the 1st quarter. Essential Partners LLC now owns 2,288 shares of the company’s stock valued at $27,000 after acquiring an additional 1,571 shares in the last quarter. Global Retirement Partners LLC bought a new stake in Flywire during the 4th quarter valued at $32,000. KBC Group NV bought a new stake in Flywire during the 1st quarter valued at $38,000. Leonteq Securities AG boosted its position in Flywire by 267.6% during the 1st quarter. Leonteq Securities AG now owns 3,540 shares of the company’s stock valued at $41,000 after acquiring an additional 2,577 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Flywire by 78.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock valued at $66,000 after acquiring an additional 2,497 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

About Flywire

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.