Flywire Co. (NASDAQ:FLYW – Get Free Report) General Counsel Peter Butterfield sold 1,769 shares of Flywire stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total value of $31,912.76. Following the completion of the sale, the general counsel now directly owns 273,517 shares of the company’s stock, valued at approximately $4,934,246.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Flywire Stock Performance
NASDAQ:FLYW opened at $17.45 on Friday. The stock has a 50-day simple moving average of $17.59 and a 200 day simple moving average of $19.72. Flywire Co. has a one year low of $15.19 and a one year high of $33.04. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of -158.64, a price-to-earnings-growth ratio of 6.69 and a beta of 0.98.
Flywire (NASDAQ:FLYW – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The firm had revenue of $103.68 million during the quarter, compared to the consensus estimate of $100.30 million. Flywire had a negative net margin of 1.85% and a negative return on equity of 1.03%. Flywire’s revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.15) earnings per share. On average, equities research analysts forecast that Flywire Co. will post 0.05 EPS for the current fiscal year.
Institutional Trading of Flywire
Analyst Upgrades and Downgrades
A number of analysts have issued reports on FLYW shares. Wells Fargo & Company decreased their price target on Flywire from $25.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on Flywire from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Citigroup cut their target price on shares of Flywire from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Flywire from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Wedbush reiterated a “neutral” rating and issued a $18.00 price target on shares of Flywire in a report on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.92.
Check Out Our Latest Stock Analysis on Flywire
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.
See Also
- Five stocks we like better than Flywire
- How to Plot Fibonacci Price Inflection Levels
- Fed Rate Cuts on the Horizon: Why These 2 Stocks Stand to Benefit
- Why is the Ex-Dividend Date Significant to Investors?
- MarketBeat Week in Review – 9/2 – 9/6
- How to Use the MarketBeat Dividend Calculator
- Does GTA VI Make Take-Two Interactive Stock an Irresistible Buy?
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.