Flywire Co. (NASDAQ:FLYW – Get Rating) CFO Michael G. Ellis sold 10,000 shares of the stock in a transaction on Monday, September 12th. The shares were sold at an average price of $27.30, for a total transaction of $273,000.00. Following the completion of the sale, the chief financial officer now directly owns 149,291 shares of the company’s stock, valued at $4,075,644.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Flywire Trading Down 5.7 %
Shares of FLYW stock opened at $25.46 on Friday. Flywire Co. has a 12-month low of $14.56 and a 12-month high of $57.41. The company has a market capitalization of $2.76 billion, a P/E ratio of -72.74 and a beta of 1.68. The firm has a 50-day moving average price of $24.28 and a 200 day moving average price of $24.06. The company has a quick ratio of 3.92, a current ratio of 3.92 and a debt-to-equity ratio of 0.06.
Flywire (NASDAQ:FLYW – Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.05). Flywire had a negative net margin of 14.98% and a negative return on equity of 7.37%. The firm had revenue of $56.40 million for the quarter, compared to the consensus estimate of $47.61 million. During the same period in the prior year, the business earned ($0.16) earnings per share. The company’s revenue for the quarter was up 52.4% on a year-over-year basis. Research analysts forecast that Flywire Co. will post -0.34 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Institutional Investors Weigh In On Flywire
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. acquired a new stake in Flywire in the 4th quarter valued at about $16,449,000. Rhumbline Advisers increased its position in Flywire by 500.5% in the 4th quarter. Rhumbline Advisers now owns 60,657 shares of the company’s stock valued at $2,309,000 after acquiring an additional 50,556 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Flywire in the 1st quarter valued at about $19,279,000. Millennium Management LLC increased its position in Flywire by 549.6% in the 4th quarter. Millennium Management LLC now owns 733,752 shares of the company’s stock valued at $27,927,000 after acquiring an additional 620,799 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC acquired a new stake in Flywire in the 4th quarter valued at about $5,895,000. Institutional investors and hedge funds own 73.30% of the company’s stock.
Flywire Company Profile
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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