Other research analysts have also recently issued reports about the stock. Wells Fargo & Company lifted their price objective on shares of Flywire from $29.00 to $30.00 and gave the company an overweight rating in a report on Thursday, September 8th. Stephens initiated coverage on shares of Flywire in a report on Thursday, June 9th. They set an overweight rating and a $24.00 price objective for the company. Finally, The Goldman Sachs Group lifted their price objective on shares of Flywire to $32.00 in a report on Monday, August 15th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Buy and an average price target of $36.86.
Flywire Trading Down 0.7 %
NASDAQ:FLYW opened at $23.91 on Thursday. The company has a current ratio of 3.92, a quick ratio of 3.92 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of -68.31 and a beta of 1.68. The firm has a fifty day simple moving average of $24.55 and a two-hundred day simple moving average of $24.00. Flywire has a 12 month low of $14.56 and a 12 month high of $57.41.
Insider Activity at Flywire
In related news, CEO Michael Massaro sold 4,830 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $24.25, for a total transaction of $117,127.50. Following the transaction, the chief executive officer now directly owns 1,119,690 shares of the company’s stock, valued at $27,152,482.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Flywire news, major shareholder Bain Capital Venture Investors sold 1,653,986 shares of Flywire stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $25.35, for a total value of $41,928,545.10. Following the sale, the insider now owns 13,645,388 shares of the company’s stock, valued at $345,910,585.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Massaro sold 4,830 shares of Flywire stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $24.25, for a total transaction of $117,127.50. Following the completion of the sale, the chief executive officer now directly owns 1,119,690 shares in the company, valued at approximately $27,152,482.50. The disclosure for this sale can be found here. Insiders have sold 2,609,623 shares of company stock valued at $67,158,579 over the last ninety days. Corporate insiders own 37.50% of the company’s stock.
Institutional Trading of Flywire
Several hedge funds have recently added to or reduced their stakes in FLYW. Nisa Investment Advisors LLC raised its position in Flywire by 226.6% in the second quarter. Nisa Investment Advisors LLC now owns 2,090 shares of the company’s stock worth $37,000 after acquiring an additional 1,450 shares during the period. Premier Fund Managers Ltd raised its position in Flywire by 141.1% in the second quarter. Premier Fund Managers Ltd now owns 115,781 shares of the company’s stock worth $42,000 after acquiring an additional 67,760 shares during the period. FourThought Financial LLC raised its position in Flywire by 123.3% in the first quarter. FourThought Financial LLC now owns 2,563 shares of the company’s stock worth $78,000 after acquiring an additional 1,415 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Flywire in the second quarter valued at approximately $79,000. Finally, UBS Group AG raised its position in shares of Flywire by 433.1% in the first quarter. UBS Group AG now owns 3,300 shares of the company’s stock valued at $101,000 after purchasing an additional 2,681 shares during the period. Institutional investors own 73.30% of the company’s stock.
Flywire Company Profile
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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