Flywire Co. (NASDAQ:FLYW) COO Sells $1,031,200.00 in Stock

Flywire Co. (NASDAQ:FLYW – Get Rating) COO Rob Orgel sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $25.78, for a total transaction of $1,031,200.00. Following the transaction, the chief operating officer now directly owns 157,051 shares in the company, valued at $4,048,774.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Flywire Trading Up 6.1 %

Shares of Flywire stock opened at $26.28 on Friday. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of -55.91 and a beta of 1.02. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.05. Flywire Co. has a 12-month low of $14.56 and a 12-month high of $32.88. The firm’s 50-day moving average price is $22.77 and its two-hundred day moving average price is $22.98.

Flywire (NASDAQ:FLYW – Get Rating) last posted its quarterly earnings results on Tuesday, November 8th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10). Flywire had a negative net margin of 18.85% and a negative return on equity of 10.43%. The company had revenue of $88.90 million during the quarter, compared to analyst estimates of $86.94 million. On average, analysts forecast that Flywire Co. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on FLYW. Raymond James raised their price target on shares of Flywire from $28.00 to $33.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 4th. Wolfe Research raised their price target on shares of Flywire from $28.00 to $29.00 in a research report on Thursday, January 5th. Truist Financial raised their price target on shares of Flywire from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday. The Goldman Sachs Group lowered their price target on shares of Flywire from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, November 9th. Finally, Stephens reduced their price objective on shares of Flywire from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 9th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $32.22.

Institutional Investors Weigh In On Flywire

Hedge funds have recently made changes to their positions in the stock. Keebeck Alpha LP acquired a new stake in shares of Flywire in the 2nd quarter valued at approximately $221,000. Strs Ohio boosted its stake in shares of Flywire by 1,586.4% in the 2nd quarter. Strs Ohio now owns 37,100 shares of the company’s stock valued at $654,000 after purchasing an additional 34,900 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Flywire in the 2nd quarter valued at approximately $24,759,000. Cubist Systematic Strategies LLC boosted its stake in shares of Flywire by 201.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 111,550 shares of the company’s stock valued at $2,561,000 after purchasing an additional 74,497 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Flywire in the 1st quarter valued at approximately $5,373,000. 79.06% of the stock is currently owned by institutional investors and hedge funds.

Flywire Company Profile

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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.