Insider Selling: Flywire (NASDAQ:FLYW) Major Shareholder Sells $1,974,337.00 in Stock

Flywire Corporation (NASDAQ:FLYW – Get Free Report) major shareholder Voss Capital, Lp sold 101,300 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $19.49, for a total value of $1,974,337.00. Following the completion of the transaction, the insider directly owned 372,846 shares of the company’s stock, valued at $7,266,768.54. The trade was a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Voss Capital, Lp also recently made the following trade(s):

Get Flywire alerts:

• On Thursday, August 27th, Voss Capital, Lp sold 93,927 shares of Flywire stock. The stock was sold at an average price of $18.91, for a total value of $1,776,159.57.
• On Wednesday, August 26th, Voss Capital, Lp sold 26,094 shares of Flywire stock. The stock was sold at an average price of $18.99, for a total value of $495,525.06.
• On Tuesday, August 25th, Voss Capital, Lp sold 172,973 shares of Flywire stock. The shares were sold at an average price of $19.19, for a total value of $3,319,351.87.
• On Wednesday, August 19th, Voss Capital, Lp sold 25,000 shares of Flywire stock. The shares were sold at an average price of $18.86, for a total value of $471,500.00.
• On Tuesday, August 18th, Voss Capital, Lp sold 79,500 shares of Flywire stock. The shares were sold at an average price of $18.34, for a total value of $1,458,030.00.

Flywire Stock Up 0.5%

NASDAQ:FLYW opened at $18.79 on Friday. The company has a market capitalization of $2.29 billion, a PE ratio of 72.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.34. Flywire Corporation has a 52-week low of $10.55 and a 52-week high of $19.73. The stock has a fifty day simple moving average of $17.73 and a 200-day simple moving average of $15.00.

Flywire (NASDAQ:FLYW – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). Flywire had a return on equity of 4.08% and a net margin of 4.77%.The business had revenue of $163.80 million for the quarter, compared to analyst estimates of $156.47 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. The business’s revenue was up 27.2% on a year-over-year basis. As a group, equities analysts anticipate that Flywire Corporation will post 0.4 earnings per share for the current year.

Institutional Trading of Flywire

Hedge funds have recently bought and sold shares of the company. Essential Partners LLC grew its stake in Flywire by 219.1% in the 1st quarter. Essential Partners LLC now owns 2,288 shares of the company’s stock worth $27,000 after acquiring an additional 1,571 shares during the period. Nykredit A S acquired a new position in Flywire in the 2nd quarter valued at $29,000. Global Retirement Partners LLC purchased a new position in shares of Flywire during the 4th quarter worth $32,000. KBC Group NV purchased a new position in shares of Flywire during the 1st quarter worth $38,000. Finally, Leonteq Securities AG lifted its stake in shares of Flywire by 267.6% during the 1st quarter. Leonteq Securities AG now owns 3,540 shares of the company’s stock worth $41,000 after purchasing an additional 2,577 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on FLYW. Morgan Stanley restated an “overweight” rating and set a $22.00 price objective on shares of Flywire in a research report on Wednesday, August 5th. New Street Research set a $16.00 target price on Flywire in a report on Thursday, May 21st. Zacks Research downgraded Flywire from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. BTIG Research reissued a “buy” rating and issued a $20.00 price target on shares of Flywire in a report on Tuesday, July 21st. Finally, B. Riley Financial upped their price objective on Flywire from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Flywire presently has a consensus rating of “Hold” and a consensus price target of $19.85.

Check Out Our Latest Report on FLYW

About Flywire

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than Flywire
• 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
• IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
• Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
• Okta Stock Surges 29%—Is $200 the Next Stop?

Receive News & Ratings for Flywire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flywire and related companies with MarketBeat.com's FREE daily email newsletter.