Flywire Co. (NASDAQ:FLYW) Director Jo Natauri Sells 86,068 Shares of Stock

Flywire Co. (NASDAQ:FLYWGet Rating) Director Jo Natauri sold 86,068 shares of the company’s stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $15.30, for a total transaction of $1,316,840.40. Following the completion of the transaction, the director now owns 2,240,454 shares of the company’s stock, valued at approximately $34,278,946.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jo Natauri also recently made the following trade(s):

  • On Monday, June 6th, Jo Natauri sold 41,300 shares of Flywire stock. The stock was sold at an average price of $19.23, for a total transaction of $794,199.00.
  • On Thursday, June 2nd, Jo Natauri sold 451,401 shares of Flywire stock. The stock was sold at an average price of $20.48, for a total transaction of $9,244,692.48.
  • On Tuesday, May 31st, Jo Natauri sold 76,517 shares of Flywire stock. The stock was sold at an average price of $19.34, for a total transaction of $1,479,838.78.
  • On Monday, May 23rd, Jo Natauri sold 13,818 shares of Flywire stock. The stock was sold at an average price of $19.18, for a total transaction of $265,029.24.
  • On Thursday, May 19th, Jo Natauri sold 123,843 shares of Flywire stock. The stock was sold at an average price of $19.16, for a total transaction of $2,372,831.88.
  • On Tuesday, May 17th, Jo Natauri sold 90,427 shares of Flywire stock. The stock was sold at an average price of $19.16, for a total transaction of $1,732,581.32.

NASDAQ:FLYW opened at $15.24 on Friday. The company’s 50-day moving average is $23.39 and its two-hundred day moving average is $28.33. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 0.05. Flywire Co. has a 1-year low of $14.56 and a 1-year high of $57.41.

Flywire (NASDAQ:FLYWGet Rating) last released its earnings results on Tuesday, May 10th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). The business had revenue of $64.55 million for the quarter, compared to analyst estimates of $56.83 million. Flywire had a negative return on equity of 4.11% and a negative net margin of 13.72%. Flywire’s quarterly revenue was up 43.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.41) earnings per share. Equities research analysts predict that Flywire Co. will post -0.28 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in FLYW. Morgan Stanley acquired a new stake in Flywire during the 2nd quarter worth approximately $858,000. Bank of America Corp DE purchased a new stake in shares of Flywire in the 2nd quarter valued at approximately $280,000. Citigroup Inc. purchased a new stake in shares of Flywire in the 3rd quarter valued at approximately $60,000. Geode Capital Management LLC increased its position in shares of Flywire by 269.4% in the 3rd quarter. Geode Capital Management LLC now owns 256,049 shares of the company’s stock valued at $11,225,000 after purchasing an additional 186,732 shares during the last quarter. Finally, Invesco Ltd. purchased a new stake in shares of Flywire in the 3rd quarter valued at approximately $35,664,000. Institutional investors own 76.06% of the company’s stock.

A number of analysts have recently commented on FLYW shares. Royal Bank of Canada cut their target price on shares of Flywire from $51.00 to $44.00 and set an “outperform” rating for the company in a research note on Thursday, March 3rd. The Goldman Sachs Group cut their target price on shares of Flywire from $44.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, April 8th. Sumitomo Mitsui Financial Group started coverage on shares of Flywire in a research note on Wednesday, April 13th. They set an “outperform” rating and a $40.00 target price for the company. Stephens started coverage on shares of Flywire in a research note on Thursday, June 9th. They set an “overweight” rating and a $24.00 target price for the company. Finally, Wells Fargo & Company cut their target price on shares of Flywire from $41.00 to $36.00 in a research note on Wednesday, May 11th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $39.50.

About Flywire (Get Rating)

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.

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