Flywire Co. (NASDAQ:FLYW) COO Rob Orgel Sells 4,552 Shares

Flywire Co. (NASDAQ:FLYW) COO Rob Orgel sold 4,552 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total value of $82,118.08. Following the sale, the chief operating officer now directly owns 477,472 shares in the company, valued at approximately $8,613,594.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Flywire Trading Up 0.9 %

Shares of FLYW stock opened at $17.54 on Friday. The stock has a 50 day moving average of $17.57 and a 200 day moving average of $19.76. The stock has a market cap of $2.18 billion, a P/E ratio of -159.45, a P/E/G ratio of 6.69 and a beta of 0.98. Flywire Co. has a twelve month low of $15.19 and a twelve month high of $33.65.

Flywire (NASDAQ:FLYW) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.01). Flywire had a negative net margin of 1.85% and a negative return on equity of 1.03%. The company had revenue of $103.68 million for the quarter, compared to analysts’ expectations of $100.30 million. During the same quarter in the prior year, the business posted ($0.15) earnings per share. The firm’s revenue was up 22.2% compared to the same quarter last year. On average, research analysts predict that Flywire Co. will post 0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FLYW. Citigroup dropped their price objective on Flywire from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada dropped their price objective on Flywire from $34.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. The Goldman Sachs Group dropped their price objective on Flywire from $32.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. BTIG Research lowered their price target on Flywire from $27.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Wells Fargo & Company lowered their price target on Flywire from $25.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.92.

Institutional Trading of Flywire

Several institutional investors have recently bought and sold shares of the business. Amalgamated Bank grew its holdings in Flywire by 3.3% in the fourth quarter. Amalgamated Bank now owns 15,267 shares of the company’s stock valued at $353,000 after purchasing an additional 486 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of Flywire by 3.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 19,884 shares of the company’s stock worth $493,000 after acquiring an additional 702 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Flywire by 16.9% in the fourth quarter. Assetmark Inc. now owns 5,061 shares of the company’s stock worth $117,000 after acquiring an additional 733 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Flywire by 3.1% in the second quarter. Arizona State Retirement System now owns 30,475 shares of the company’s stock worth $499,000 after acquiring an additional 908 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Flywire by 45.6% in the first quarter. Advisors Asset Management Inc. now owns 3,044 shares of the company’s stock worth $76,000 after acquiring an additional 954 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Flywire Company Profile

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, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.