Flywire Co. (NASDAQ:FLYW – Get Rating) Director Alex Finkelstein sold 34,060 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $29.50, for a total transaction of $1,004,770.00. Following the completion of the transaction, the director now directly owns 226,230 shares in the company, valued at approximately $6,673,785. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Flywire Stock Up 5.5 %
Shares of Flywire stock opened at $31.20 on Tuesday. The firm has a market capitalization of $3.43 billion, a P/E ratio of -104.00 and a beta of 1.15. The company has a 50 day moving average price of $28.34 and a 200 day moving average price of $25.25. Flywire Co. has a 52 week low of $14.56 and a 52 week high of $31.23.
Flywire (NASDAQ:FLYW – Get Rating) last issued its quarterly earnings results on Tuesday, February 28th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.10. The company had revenue of $73.05 million for the quarter, compared to the consensus estimate of $65.50 million. Flywire had a negative net margin of 13.88% and a negative return on equity of 8.31%. Flywire’s quarterly revenue was up 42.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.11) EPS. As a group, research analysts anticipate that Flywire Co. will post -0.14 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLYW. Envestnet Asset Management Inc. lifted its holdings in Flywire by 52.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 9,655 shares of the company’s stock valued at $295,000 after purchasing an additional 3,312 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Flywire by 27.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,142 shares of the company’s stock valued at $309,000 after buying an additional 2,182 shares during the period. MetLife Investment Management LLC raised its holdings in Flywire by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 34,947 shares of the company’s stock valued at $1,069,000 after buying an additional 12,461 shares during the period. Vanguard Group Inc. increased its stake in Flywire by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,038,684 shares of the company’s stock worth $154,082,000 after purchasing an additional 37,622 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Flywire during the first quarter worth about $3,147,000. Hedge funds and other institutional investors own 79.06% 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.
- Get a free copy of the StockNews.com research report on Flywire (FLYW)
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