Flywire Co. (NASDAQ:FLYW) Director Gretchen Howard Acquires 8,889 Shares

Flywire Co. (NASDAQ:FLYW - Get Free Report) Director Gretchen Howard acquired 8,889 shares of the stock in a transaction dated Thursday, February 27th. The stock was bought at an average cost of $10.94 per share, with a total value of $97,245.66. Following the completion of the purchase, the director now owns 30,770 shares of the company's stock, valued at approximately $336,623.80. The trade was a 40.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Flywire Trading Up 2.0 %

Shares of FLYW stock traded up $0.20 on Friday, hitting $10.26. 4,353,355 shares of the stock were exchanged, compared to its average volume of 2,477,715. The firm's 50 day moving average is $18.27 and its two-hundred day moving average is $18.63. Flywire Co. has a one year low of $8.62 and a one year high of $27.06. The firm has a market capitalization of $1.28 billion, a PE ratio of 68.40, a P/E/G ratio of 1.41 and a beta of 1.17.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.11). Flywire had a return on equity of 2.49% and a net margin of 4.23%. The business had revenue of $112.80 million for the quarter, compared to the consensus estimate of $118.85 million. On average, sell-side analysts expect that Flywire Co. will post 0.14 earnings per share for the current year.

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Institutional Investors Weigh In On Flywire

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning grew its position in shares of Flywire by 36.5% in the third quarter. Creative Planning now owns 29,685 shares of the company's stock valued at $487,000 after purchasing an additional 7,940 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Flywire by 87.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 223,244 shares of the company's stock worth $3,659,000 after purchasing an additional 104,336 shares during the period. Olympiad Research LP purchased a new position in Flywire during the 3rd quarter valued at about $206,000. Curi RMB Capital LLC bought a new stake in shares of Flywire during the third quarter valued at about $1,143,000. Finally, Quest Partners LLC lifted its holdings in shares of Flywire by 575.1% in the third quarter. Quest Partners LLC now owns 14,622 shares of the company's stock worth $240,000 after buying an additional 12,456 shares in the last quarter. Institutional investors own 95.90% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on FLYW. The Goldman Sachs Group lowered Flywire from a "buy" rating to a "neutral" rating and lowered their price target for the company from $26.00 to $15.00 in a research report on Wednesday, February 26th. Wells Fargo & Company lowered their target price on shares of Flywire from $20.00 to $16.00 and set an "equal weight" rating for the company in a report on Wednesday, February 26th. Royal Bank of Canada cut their price target on shares of Flywire from $25.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. UBS Group lowered shares of Flywire from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $25.00 to $15.00 in a research note on Wednesday, February 26th. Finally, Morgan Stanley cut their target price on Flywire from $21.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $19.23.

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.