Flywire Co. (NASDAQ:FLYW) CFO Michael G. Ellis Sells 6,500 Shares

Flywire Co. (NASDAQ:FLYWGet Free Report) CFO Michael G. Ellis sold 6,500 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $31.30, for a total value of $203,450.00. Following the transaction, the chief financial officer now owns 240,719 shares in the company, valued at $7,534,504.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Flywire Stock Performance

FLYW traded down $0.43 during trading on Tuesday, hitting $30.66. The stock had a trading volume of 694,173 shares, compared to its average volume of 1,029,728. Flywire Co. has a twelve month low of $17.16 and a twelve month high of $35.80. The firm has a market capitalization of $3.44 billion, a P/E ratio of -135.17 and a beta of 1.13. The company’s 50-day moving average price is $32.45 and its 200 day moving average price is $30.46.

Flywire (NASDAQ:FLYWGet Free Report) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.15) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.15). Flywire had a negative return on equity of 5.35% and a negative net margin of 7.45%. The firm had revenue of $84.87 million for the quarter, compared to analyst estimates of $73.53 million. During the same quarter in the prior year, the company posted ($0.22) earnings per share. Flywire’s quarterly revenue was up 50.1% on a year-over-year basis. As a group, equities analysts expect that Flywire Co. will post -0.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FLYW has been the subject of several research reports. B. Riley began coverage on Flywire in a research report on Friday, June 23rd. They issued a “buy” rating and a $38.00 target price for the company. Truist Financial increased their target price on shares of Flywire from $35.00 to $40.00 in a report on Wednesday, July 19th. Citigroup upped their price objective on Flywire from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Stephens lifted their target price on Flywire from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, August 9th. Finally, Royal Bank of Canada upped their price target on Flywire from $34.00 to $43.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from, the company has an average rating of “Buy” and an average target price of $36.69.

Check Out Our Latest Stock Report on Flywire

Institutional Trading of Flywire

Several large investors have recently modified their holdings of FLYW. California State Teachers Retirement System grew its holdings in Flywire by 121.9% in the 2nd quarter. California State Teachers Retirement System now owns 108,103 shares of the company’s stock valued at $3,356,000 after buying an additional 59,378 shares during the period. Legato Capital Management LLC acquired a new position in Flywire during the second quarter worth approximately $565,000. Nuveen Asset Management LLC raised its stake in Flywire by 2.4% during the second quarter. Nuveen Asset Management LLC now owns 1,174,296 shares of the company’s stock worth $36,450,000 after purchasing an additional 27,476 shares during the period. Castleark Management LLC boosted its holdings in shares of Flywire by 2.6% in the 2nd quarter. Castleark Management LLC now owns 227,120 shares of the company’s stock valued at $7,050,000 after purchasing an additional 5,760 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Flywire by 47.1% during the second quarter. Wells Fargo & Company MN now owns 75,654 shares of the company’s stock valued at $2,348,000 after acquiring an additional 24,224 shares during the period. 92.55% of the stock is currently owned by institutional investors and hedge funds.

Flywire Company Profile

(Get Free Report)

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options; and provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.

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Insider Buying and Selling by Quarter for Flywire (NASDAQ:FLYW)

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