Peter Butterfield Sells 12,156 Shares of Flywire (NASDAQ:FLYW) Stock

Flywire Corporation (NASDAQ:FLYW) General Counsel Peter Butterfield sold 12,156 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $17.99, for a total transaction of $218,686.44. Following the transaction, the general counsel directly owned 601,022 shares of the company’s stock, valued at approximately $10,812,385.78. This represents a 1.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 15th, Peter Butterfield sold 6,528 shares of Flywire stock. The stock was sold at an average price of $15.08, for a total transaction of $98,442.24.

Flywire Price Performance

Shares of NASDAQ:FLYW opened at $17.87 on Friday. The company’s fifty day moving average price is $17.93 and its 200-day moving average price is $15.50. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 68.73, a PEG ratio of 1.14 and a beta of 1.30. Flywire Corporation has a one year low of $10.55 and a one year high of $19.73.

Flywire (NASDAQ:FLYW) last released its earnings results on Tuesday, August 4th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). Flywire had a net margin of 4.77% and a return on equity of 4.08%. The firm had revenue of $163.80 million during the quarter, compared to the consensus estimate of $156.47 million. During the same period in the prior year, the company earned ($0.10) EPS. The firm’s revenue was up 27.2% compared to the same quarter last year. As a group, equities research analysts expect that Flywire Corporation will post 0.4 EPS for the current year.

Analyst Ratings Changes

FLYW has been the subject of several recent research reports. Zacks Research downgraded shares of Flywire from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. B. Riley Financial raised their target price on shares of Flywire from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Flywire to an “outperform” rating in a report on Wednesday, May 27th. Royal Bank Of Canada increased their price target on shares of Flywire from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $22.00 price target on shares of Flywire in a report on Wednesday, August 5th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.23.

Institutional Trading of Flywire

Hedge funds and other institutional investors have recently modified their holdings of the business. Nykredit A S purchased a new position in Flywire during the 2nd quarter valued at about $29,000. Global Retirement Partners LLC purchased a new position in shares of Flywire during the fourth quarter valued at approximately $32,000. Essential Partners LLC boosted its position in shares of Flywire by 219.1% in the 1st quarter. Essential Partners LLC now owns 2,288 shares of the company’s stock worth $27,000 after purchasing an additional 1,571 shares in the last quarter. KBC Group NV bought a new stake in shares of Flywire in the 1st quarter worth approximately $38,000. Finally, Leonteq Securities AG grew its stake in shares of Flywire by 267.6% in the 1st quarter. Leonteq Securities AG now owns 3,540 shares of the company’s stock worth $41,000 after buying an additional 2,577 shares during the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Flywire Company Profile

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.