Flywire Co. (NASDAQ:FLYW) Major Shareholder Enrique T. Salem Sells 96,136 Shares

Flywire Co. (NASDAQ:FLYWGet Rating) major shareholder Enrique T. Salem sold 96,136 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $20.51, for a total transaction of $1,971,749.36. Following the completion of the sale, the insider now directly owns 11,645,388 shares of the company’s stock, valued at approximately $238,846,907.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Flywire Stock Down 2.3 %

Shares of NASDAQ FLYW opened at $20.50 on Tuesday. The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.05. Flywire Co. has a 12 month low of $14.56 and a 12 month high of $43.17. The firm has a market capitalization of $2.22 billion, a PE ratio of -43.62 and a beta of 1.28. The firm has a fifty day simple moving average of $22.25 and a two-hundred day simple moving average of $21.80.

Analyst Ratings Changes

FLYW has been the subject of a number of research reports. Stephens cut their price objective on shares of Flywire from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, November 9th. Loop Capital began coverage on shares of Flywire in a research report on Monday, October 24th. They set a “buy” rating and a $25.00 price target for the company. Truist Financial dropped their price target on shares of Flywire from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, October 13th. Raymond James dropped their price target on shares of Flywire from $33.00 to $28.00 and set a “strong-buy” rating for the company in a research report on Thursday, November 10th. Finally, Wells Fargo & Company dropped their price target on shares of Flywire from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Wednesday, November 9th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Flywire presently has an average rating of “Buy” and an average target price of $31.25.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Flywire by 0.8% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,853 shares of the company’s stock worth $1,586,000 after purchasing an additional 435 shares in the last quarter. Huntington National Bank raised its holdings in Flywire by 65.4% in the 3rd quarter. Huntington National Bank now owns 1,846 shares of the company’s stock worth $42,000 after purchasing an additional 730 shares in the last quarter. Assetmark Inc. raised its holdings in Flywire by 170.2% in the 3rd quarter. Assetmark Inc. now owns 1,332 shares of the company’s stock worth $31,000 after purchasing an additional 839 shares in the last quarter. AFG Fiduciary Services Limited Partnership increased its stake in shares of Flywire by 6.0% in the 3rd quarter. AFG Fiduciary Services Limited Partnership now owns 17,565 shares of the company’s stock worth $403,000 after acquiring an additional 1,000 shares in the last quarter. Finally, MCF Advisors LLC bought a new position in shares of Flywire in the 3rd quarter worth about $30,000. 73.30% of the stock is currently owned by institutional investors.

About Flywire

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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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