Flywire Corporation (NASDAQ:FLYW – Get Free Report) General Counsel Peter Butterfield sold 1,480 shares of Flywire stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $18.02, for a total transaction of $26,669.60. Following the sale, the general counsel owned 671,482 shares in the company, valued at approximately $12,100,105.64. This represents a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Peter Butterfield also recently made the following trade(s):
- On Thursday, March 5th, Peter Butterfield sold 9,009 shares of Flywire stock. The stock was sold at an average price of $13.05, for a total transaction of $117,567.45.
Flywire Price Performance
NASDAQ:FLYW opened at $16.46 on Tuesday. The firm’s 50 day simple moving average is $13.00 and its 200 day simple moving average is $13.23. Flywire Corporation has a one year low of $9.97 and a one year high of $18.05. The company has a market cap of $2.00 billion, a PE ratio of 71.57, a P/E/G ratio of 1.29 and a beta of 1.30.
Analyst Upgrades and Downgrades
FLYW has been the topic of several recent research reports. Stephens upgraded shares of Flywire from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $17.00 to $19.00 in a research report on Friday, January 16th. Weiss Ratings upgraded shares of Flywire from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday. Morgan Stanley boosted their price target on shares of Flywire from $17.00 to $20.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Citigroup boosted their price target on shares of Flywire from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Raymond James Financial restated an “outperform” rating and issued a $21.00 price target on shares of Flywire in a research report on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Flywire presently has a consensus rating of “Moderate Buy” and an average price target of $18.17.
Read Our Latest Stock Analysis on FLYW
Institutional Trading of Flywire
Several hedge funds have recently modified their holdings of FLYW. Mangrove Partners IM LLC bought a new stake in shares of Flywire in the 3rd quarter valued at $39,289,000. Wellington Management Group LLP increased its stake in shares of Flywire by 173.3% in the 3rd quarter. Wellington Management Group LLP now owns 3,358,186 shares of the company’s stock valued at $45,470,000 after acquiring an additional 2,129,514 shares in the last quarter. Voss Capital LP increased its stake in shares of Flywire by 21.5% in the 4th quarter. Voss Capital LP now owns 11,750,000 shares of the company’s stock valued at $166,380,000 after acquiring an additional 2,080,202 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Flywire by 35.2% in the 4th quarter. Jennison Associates LLC now owns 4,420,633 shares of the company’s stock valued at $62,596,000 after acquiring an additional 1,150,802 shares in the last quarter. Finally, Cooper Creek Partners Management LLC bought a new stake in shares of Flywire in the 3rd quarter valued at $15,433,000. 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.
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