Rob Orgel Sells 30,000 Shares of Flywire Co. (NASDAQ:FLYW) Stock

Flywire Co. (NASDAQ:FLYW) COO Rob Orgel sold 30,000 shares of the firm’s stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $38.18, for a total value of $1,145,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

NASDAQ:FLYW opened at $41.88 on Thursday. The firm’s 50 day moving average price is $45.85. Flywire Co. has a 52 week low of $27.63 and a 52 week high of $57.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.67 and a current ratio of 4.67.

Flywire (NASDAQ:FLYW) last posted its quarterly earnings results on Tuesday, November 9th. The company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.11. The business had revenue of $67.79 million during the quarter, compared to analysts’ expectations of $51.32 million. As a group, equities analysts predict that Flywire Co. will post -0.19 earnings per share for the current fiscal year.

Several brokerages recently commented on FLYW. Raymond James lifted their target price on shares of Flywire from $48.00 to $57.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 10th. Citigroup upped their price target on Flywire from $45.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, November 10th. Zacks Investment Research cut Flywire from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Royal Bank of Canada lifted their price target on shares of Flywire from $47.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, November 10th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $46.33.

Institutional investors and hedge funds have recently made changes to their positions in the business. American International Group Inc. bought a new stake in shares of Flywire in the third quarter worth $291,000. Bank of New York Mellon Corp increased its holdings in Flywire by 116.6% during the third quarter. Bank of New York Mellon Corp now owns 54,151 shares of the company’s stock valued at $2,374,000 after buying an additional 29,151 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Flywire during the 3rd quarter valued at $286,000. Metropolitan Life Insurance Co NY bought a new stake in shares of Flywire during the 3rd quarter valued at $156,000. Finally, California State Teachers Retirement System bought a new position in shares of Flywire in the third quarter worth about $287,000. Institutional investors and hedge funds own 62.61% of the company’s stock.

About Flywire

Flywire Corporation operates as a payment 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; and provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.

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