Flywire Co. (NASDAQ:FLYW – Get Free Report) General Counsel Peter Butterfield sold 5,523 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $10.08, for a total transaction of $55,671.84. Following the sale, the general counsel now directly owns 247,561 shares in the company, valued at $2,495,414.88. This represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Flywire Stock Performance
Shares of FLYW stock opened at $10.54 on Friday. The firm’s 50 day moving average price is $17.04 and its two-hundred day moving average price is $18.33. The stock has a market cap of $1.30 billion, a PE ratio of 70.27, a PEG ratio of 1.41 and a beta of 1.17. Flywire Co. has a 52-week low of $8.62 and a 52-week high of $26.15.
Flywire (NASDAQ:FLYW – Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The firm had revenue of $112.80 million during the quarter, compared to analyst estimates of $118.85 million. Flywire had a return on equity of 2.49% and a net margin of 4.23%. As a group, sell-side analysts predict that Flywire Co. will post 0.14 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on Flywire
Institutional Investors Weigh In On Flywire
Several hedge funds have recently bought and sold shares of FLYW. Raymond James Financial Inc. acquired a new stake in Flywire in the fourth quarter worth $35,579,000. Voss Capital LP acquired a new stake in Flywire in the fourth quarter worth $30,621,000. Teacher Retirement System of Texas acquired a new stake in Flywire in the fourth quarter worth $24,363,000. Jennison Associates LLC raised its holdings in shares of Flywire by 53.0% during the fourth quarter. Jennison Associates LLC now owns 3,406,312 shares of the company’s stock worth $70,238,000 after acquiring an additional 1,179,562 shares during the period. Finally, Wasatch Advisors LP lifted its position in Flywire by 62.1% in the 4th quarter. Wasatch Advisors LP now owns 2,741,644 shares of the company’s stock valued at $56,533,000 after acquiring an additional 1,049,888 shares in the last quarter. 95.90% of the stock is currently 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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