Edwin J. Santos Sells 5,466 Shares of Flywire Co. (NASDAQ:FLYW) Stock

Flywire Co. (NASDAQ:FLYW) Director Edwin J. Santos sold 5,466 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $10.04, for a total value of $54,878.64. Following the completion of the sale, the director now owns 21,990 shares in the company, valued at $220,779.60. This represents a 19.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Flywire Trading Up 1.1%

Shares of NASDAQ FLYW opened at $10.38 on Wednesday. Flywire Co. has a 12 month low of $8.20 and a 12 month high of $23.40. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 69.20, a PEG ratio of 1.41 and a beta of 1.27. The business has a 50-day moving average of $9.93 and a 200-day moving average of $14.73.

Flywire (NASDAQ:FLYW) last released its earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $128.70 million during the quarter, compared to the consensus estimate of $124.18 million. Flywire had a return on equity of 2.49% and a net margin of 4.23%. Flywire’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) EPS. On average, analysts predict that Flywire Co. will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FLYW shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $9.00 target price (down previously from $16.00) on shares of Flywire in a report on Monday, April 14th. Wells Fargo & Company reduced their target price on Flywire from $16.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, May 7th. BTIG Research lowered Flywire from a “buy” rating to a “neutral” rating in a report on Wednesday, February 26th. Raymond James lowered Flywire from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $29.00 to $17.00 in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group lifted their target price on Flywire from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.15.

Institutional Trading of Flywire

Hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in Flywire in the 4th quarter worth approximately $30,000. Arcadia Investment Management Corp MI bought a new stake in Flywire in the 4th quarter worth approximately $48,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Flywire in the 4th quarter worth approximately $77,000. KBC Group NV lifted its position in Flywire by 64.0% in the 4th quarter. KBC Group NV now owns 4,899 shares of the company’s stock worth $101,000 after buying an additional 1,911 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in Flywire in the 4th quarter worth approximately $104,000. 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.