Peter Butterfield Sells 1,335 Shares of Flywire Co. (NASDAQ:FLYW) Stock

Flywire Co. (NASDAQ:FLYW) General Counsel Peter Butterfield sold 1,335 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $17.31, for a total transaction of $23,108.85. Following the completion of the sale, the general counsel now owns 272,182 shares of the company’s stock, valued at approximately $4,711,470.42. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Peter Butterfield also recently made the following trade(s):

• On Tuesday, September 3rd, Peter Butterfield sold 1,769 shares of Flywire stock. The shares were sold at an average price of $18.04, for a total transaction of $31,912.76.

Flywire Trading Down 1.1 %

Flywire stock traded down $0.20 during trading hours on Monday, reaching $17.25. 1,538,761 shares of the company were exchanged, compared to its average volume of 1,482,556. Flywire Co. has a 12 month low of $15.19 and a 12 month high of $32.84. The stock has a 50-day moving average of $17.59 and a 200 day moving average of $19.68. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of -158.62, a PEG ratio of 6.45 and a beta of 0.98.

Flywire (NASDAQ:FLYW) last released its earnings results on Tuesday, August 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The business had revenue of $103.68 million during the quarter, compared to analyst estimates of $100.30 million. Flywire had a negative net margin of 1.85% and a negative return on equity of 1.03%. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period last year, the business earned ($0.15) EPS. As a group, research analysts forecast that Flywire Co. will post 0.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FLYW. JPMorgan Chase & Co. lifted their price target on Flywire from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. BTIG Research lowered their target price on Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Wedbush reissued a “neutral” rating and issued a $18.00 price target on shares of Flywire in a research report on Thursday, May 23rd. Royal Bank of Canada lowered their price objective on shares of Flywire from $34.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Flywire from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.92.

Institutional Trading of Flywire

A number of hedge funds have recently modified their holdings of FLYW. Swiss National Bank increased its position in shares of Flywire by 10.0% during the fourth quarter. Swiss National Bank now owns 210,700 shares of the company’s stock valued at $4,878,000 after purchasing an additional 19,200 shares during the period. Amalgamated Bank increased its stake in Flywire by 3.3% in the fourth quarter. Amalgamated Bank now owns 15,267 shares of the company’s stock valued at $353,000 after acquiring an additional 486 shares during the period. Charles Schwab Investment Management Inc. raised its position in Flywire by 5.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 831,363 shares of the company’s stock worth $19,246,000 after purchasing an additional 40,110 shares in the last quarter. Versor Investments LP bought a new position in Flywire during the fourth quarter worth about $475,000. Finally, Jump Financial LLC bought a new position in Flywire during the fourth quarter worth about $1,065,000. Institutional investors own 95.90% of the company’s stock.

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.