Flywire Co. (NASDAQ:FLYW – Get Free Report) General Counsel Peter Butterfield sold 5,523 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $10.08, for a total value of $55,671.84. Following the transaction, the general counsel now directly owns 247,561 shares of the company’s stock, valued at approximately $2,495,414.88. This trade represents a 2.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Flywire Price Performance
NASDAQ:FLYW opened at $10.54 on Friday. The firm’s fifty day moving average price is $17.04 and its two-hundred day moving average price is $18.33. The company has a market cap of $1.30 billion, a P/E ratio of 70.27, a P/E/G ratio of 1.41 and a beta of 1.17. Flywire Co. has a one year low of $8.62 and a one year high of $26.15.
Flywire (NASDAQ:FLYW – Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). The company had revenue of $112.80 million during the quarter, compared to analyst estimates of $118.85 million. Flywire had a net margin of 4.23% and a return on equity of 2.49%. As a group, equities research analysts expect that Flywire Co. will post 0.14 earnings per share for the current year.
Analysts Set New Price Targets
Check Out Our Latest Report on FLYW
Institutional Trading of Flywire
Hedge funds have recently added to or reduced their stakes in the company. Curi RMB Capital LLC bought a new position in Flywire during the 3rd quarter worth $1,143,000. Quest Partners LLC grew its stake in shares of Flywire by 575.1% in the third quarter. Quest Partners LLC now owns 14,622 shares of the company’s stock valued at $240,000 after acquiring an additional 12,456 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of Flywire by 17.0% in the third quarter. Avior Wealth Management LLC now owns 23,647 shares of the company’s stock valued at $388,000 after acquiring an additional 3,433 shares in the last quarter. Jennison Associates LLC increased its position in Flywire by 5.3% during the third quarter. Jennison Associates LLC now owns 2,226,750 shares of the company’s stock worth $36,496,000 after acquiring an additional 112,218 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in Flywire by 15.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company’s stock worth $66,000 after purchasing an additional 539 shares in the last quarter. 95.90% of the stock is 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.
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