Rob Orgel Sells 15,000 Shares of Flywire Co. (NASDAQ:FLYW) Stock

Flywire Co. (NASDAQ:FLYW – Get Rating) COO Rob Orgel sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $24.01, for a total transaction of $360,150.00. Following the sale, the chief operating officer now owns 157,191 shares in the company, valued at approximately $3,774,155.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rob Orgel also recently made the following trade(s):

• On Tuesday, January 17th, Rob Orgel sold 40,000 shares of Flywire stock. The shares were sold at an average price of $25.78, for a total transaction of $1,031,200.00.

Flywire Stock Performance

NASDAQ FLYW opened at $27.93 on Friday. Flywire Co. has a one year low of $14.56 and a one year high of $32.88. The company has a 50-day simple moving average of $26.02 and a 200-day simple moving average of $23.67. The firm has a market capitalization of $3.02 billion, a PE ratio of -75.49 and a beta of 1.08.

Flywire (NASDAQ:FLYW – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.10. Flywire had a negative net margin of 13.88% and a negative return on equity of 8.31%. The business had revenue of $73.05 million during the quarter, compared to analyst estimates of $65.50 million. During the same period in the previous year, the business posted ($0.11) EPS. The company’s quarterly revenue was up 42.1% on a year-over-year basis. Equities analysts forecast that Flywire Co. will post -0.14 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on FLYW. Citigroup lifted their price target on shares of Flywire from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, March 2nd. Truist Financial lifted their price target on shares of Flywire from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, January 20th. Wells Fargo & Company lifted their price target on shares of Flywire from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 1st. Raymond James lifted their price target on shares of Flywire from $28.00 to $33.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 4th. Finally, Morgan Stanley began coverage on shares of Flywire in a research report on Monday, January 23rd. They issued an “equal weight” rating and a $26.00 target price for the company. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $31.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. American International Group Inc. boosted its stake in Flywire by 1.6% during the 4th quarter. American International Group Inc. now owns 26,969 shares of the company’s stock valued at $660,000 after purchasing an additional 420 shares during the period. Huntington National Bank boosted its stake in Flywire by 24.2% during the 4th quarter. Huntington National Bank now owns 2,292 shares of the company’s stock valued at $56,000 after purchasing an additional 446 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Flywire by 5.0% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 12,500 shares of the company’s stock valued at $306,000 after purchasing an additional 590 shares during the period. CWM LLC boosted its stake in Flywire by 69.2% during the 4th quarter. CWM LLC now owns 1,577 shares of the company’s stock valued at $39,000 after purchasing an additional 645 shares during the period. Finally, Assetmark Inc. boosted its stake in Flywire by 170.2% during the 3rd quarter. Assetmark Inc. now owns 1,332 shares of the company’s stock valued at $31,000 after purchasing an additional 839 shares during the period. 79.06% of the stock is owned by institutional investors and hedge funds.

Flywire Company Profile

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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.