Peter Butterfield Sells 13,327 Shares of Flywire (NASDAQ:FLYW) Stock

Flywire Corporation (NASDAQ:FLYW) General Counsel Peter Butterfield sold 13,327 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $15.01, for a total transaction of $200,038.27. Following the sale, the general counsel owned 374,933 shares in the company, valued at $5,627,744.33. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Peter Butterfield also recently made the following trade(s):

• On Tuesday, December 9th, Peter Butterfield sold 8,120 shares of Flywire stock. The stock was sold at an average price of $13.69, for a total transaction of $111,162.80.
• On Wednesday, November 5th, Peter Butterfield sold 1,000 shares of Flywire stock. The shares were sold at an average price of $15.00, for a total value of $15,000.00.

Flywire Price Performance

Shares of Flywire stock opened at $14.62 on Friday. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of -730.63, a PEG ratio of 1.57 and a beta of 1.28. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $14.02 and its 200-day simple moving average is $13.03. Flywire Corporation has a 52 week low of $8.20 and a 52 week high of $21.31.

Flywire (NASDAQ:FLYW) last issued its earnings results on Tuesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. Flywire had a positive return on equity of 0.80% and a negative net margin of 0.42%.The company had revenue of $194.10 million for the quarter, compared to the consensus estimate of $180.07 million. During the same quarter last year, the company earned $0.30 EPS. The firm’s quarterly revenue was up 27.6% on a year-over-year basis. As a group, analysts expect that Flywire Corporation will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Flywire

Several large investors have recently added to or reduced their stakes in the stock. Voss Capital LP raised its position in Flywire by 176.0% during the second quarter. Voss Capital LP now owns 8,100,000 shares of the company’s stock valued at $94,770,000 after purchasing an additional 5,165,014 shares during the period. Divisadero Street Capital Management LP raised its holdings in Flywire by 178.0% during the 2nd quarter. Divisadero Street Capital Management LP now owns 4,784,654 shares of the company’s stock valued at $55,980,000 after buying an additional 3,063,518 shares during the period. Mangrove Partners IM LLC bought a new stake in Flywire in the third quarter worth $39,289,000. Azora Capital LP purchased a new position in Flywire during the second quarter worth $33,355,000. Finally, Wellington Management Group LLP increased its position in Flywire by 173.3% during the third quarter. Wellington Management Group LLP now owns 3,358,186 shares of the company’s stock valued at $45,470,000 after acquiring an additional 2,129,514 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FLYW has been the subject of a number of research reports. Stephens restated an “equal weight” rating and set a $13.00 target price on shares of Flywire in a research report on Monday, September 22nd. UBS Group raised their price objective on Flywire from $13.50 to $15.50 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. B. Riley boosted their target price on Flywire from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday. Wolfe Research restated an “outperform” rating and set a $19.00 price target on shares of Flywire in a report on Wednesday, November 5th. Finally, Citigroup raised Flywire to a “hold” rating in a research note on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.19.

About Flywire

Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.