Flywire Corporation (NASDAQ:FLYW – Get Free Report) General Counsel Peter Butterfield sold 6,188 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $14.40, for a total value of $89,107.20. Following the sale, the general counsel directly owned 658,680 shares of the company’s stock, valued at approximately $9,484,992. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Peter Butterfield also recently made the following trade(s):
- 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 FLYW traded up $0.25 during midday trading on Tuesday, hitting $14.13. 2,143,045 shares of the stock were exchanged, compared to its average volume of 1,863,971. Flywire Corporation has a 52-week low of $10.10 and a 52-week high of $18.05. The stock has a fifty day simple moving average of $14.25 and a 200 day simple moving average of $13.53. The firm has a market cap of $1.74 billion, a P/E ratio of 61.43, a P/E/G ratio of 0.99 and a beta of 1.34.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Flywire by 3.4% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,086 shares of the company’s stock worth $326,000 after purchasing an additional 800 shares in the last quarter. Royal Bank of Canada grew its stake in Flywire by 13.6% during the 4th quarter. Royal Bank of Canada now owns 9,025 shares of the company’s stock worth $128,000 after purchasing an additional 1,081 shares in the last quarter. Essential Partners LLC grew its stake in Flywire by 219.1% during the 1st quarter. Essential Partners LLC now owns 2,288 shares of the company’s stock worth $27,000 after purchasing an additional 1,571 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Flywire during the 4th quarter worth $32,000. Finally, Daiwa Securities Group Inc. grew its stake in Flywire by 78.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock worth $66,000 after purchasing an additional 2,497 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on FLYW. The Goldman Sachs Group reissued a “neutral” rating and set a $17.00 price target on shares of Flywire in a research report on Wednesday, May 6th. UBS Group increased their price target on shares of Flywire from $14.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and set a $22.00 price target on shares of Flywire in a research report on Wednesday, May 27th. BTIG Research increased their price target on shares of Flywire from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley increased 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. One research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.07.
Get Our Latest Report on Flywire
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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