Flywire Co. (NASDAQ:FLYW – Get Free Report) CTO David R. King sold 3,353 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total transaction of $60,488.12. Following the completion of the sale, the chief technology officer now owns 620,184 shares of the company’s stock, valued at $11,188,119.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Flywire Price Performance
Shares of Flywire stock opened at $17.54 on Friday. The firm has a fifty day moving average price of $17.57 and a 200 day moving average price of $19.76. Flywire Co. has a 1 year low of $15.19 and a 1 year high of $33.65. The stock has a market cap of $2.18 billion, a PE ratio of -159.45, a price-to-earnings-growth ratio of 6.69 and a beta of 0.98.
Flywire (NASDAQ:FLYW – Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01). Flywire had a negative return on equity of 1.03% and a negative net margin of 1.85%. The business had revenue of $103.68 million for the quarter, compared to analysts’ expectations of $100.30 million. During the same period last year, the business earned ($0.15) EPS. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. As a group, equities analysts expect that Flywire Co. will post 0.05 EPS for the current year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Flywire from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group lowered their target price on shares of Flywire from $32.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Flywire from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada lowered their target price on shares of Flywire from $34.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Wedbush restated a “neutral” rating and issued a $18.00 target price on shares of Flywire in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $25.92.
Get Our Latest Stock Report on FLYW
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.
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