Insider Selling: Flywire Co. (NASDAQ:FLYW) Director Sells 90,427 Shares of Stock

Flywire Co. (NASDAQ:FLYW – Get Rating) Director Jo Natauri sold 90,427 shares of Flywire stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $19.16, for a total value of $1,732,581.32. Following the sale, the director now directly owns 3,130,987 shares in the company, valued at approximately $59,989,710.92. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of NASDAQ FLYW traded up $0.18 during mid-day trading on Thursday, reaching $18.71. The company had a trading volume of 1,860,630 shares, compared to its average volume of 781,861. Flywire Co. has a 1-year low of $16.30 and a 1-year high of $57.41. The company has a current ratio of 4.53, a quick ratio of 3.78 and a debt-to-equity ratio of 0.05. The stock has a market cap of $2.00 billion and a PE ratio of -38.98. The company has a 50-day moving average price of $27.44 and a two-hundred day moving average price of $31.76.

Flywire (NASDAQ:FLYW – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). Flywire had a negative net margin of 13.72% and a negative return on equity of 4.11%. The business had revenue of $64.55 million for the quarter, compared to analysts’ expectations of $56.83 million. During the same quarter in the prior year, the firm posted ($0.41) EPS. The business’s quarterly revenue was up 43.5% compared to the same quarter last year. On average, research analysts expect that Flywire Co. will post -0.29 EPS for the current year.

Several equities analysts have recently issued reports on the company. Sumitomo Mitsui Financial Group assumed coverage on Flywire in a research report on Wednesday, April 13th. They set an “outperform” rating and a $40.00 price target on the stock. Royal Bank of Canada lowered their price target on Flywire from $51.00 to $44.00 and set an “outperform” rating on the stock in a research report on Thursday, March 3rd. Raymond James lowered their price target on Flywire from $39.00 to $33.00 in a research report on Wednesday, May 11th. The Goldman Sachs Group lowered their price target on Flywire from $44.00 to $37.00 and set a “neutral” rating on the stock in a research report on Friday, April 8th. Finally, Zacks Investment Research cut Flywire from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $40.83.

Hedge funds have recently modified their holdings of the company. FourThought Financial LLC acquired a new stake in Flywire during the third quarter valued at $54,000. Rockefeller Capital Management L.P. acquired a new stake in Flywire during the third quarter valued at $56,000. Citigroup Inc. acquired a new stake in Flywire during the third quarter valued at $60,000. UBS Group AG boosted its position in Flywire by 433.1% during the first quarter. UBS Group AG now owns 3,300 shares of the company’s stock valued at $101,000 after purchasing an additional 2,681 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY acquired a new stake in Flywire during the third quarter valued at $156,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

About Flywire (Get Rating)

Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Canada, and the United Kingdom, and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay.

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