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

Flywire Co. (NASDAQ:FLYW) Director Gretchen Howard purchased 8,889 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was acquired at an average price 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 $336,623.80. The trade was a 40.62 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Flywire Stock Performance

NASDAQ FLYW traded down $0.64 on Monday, reaching $10.76. The stock had a trading volume of 3,560,443 shares, compared to its average volume of 2,394,273. The stock has a market cap of $1.34 billion, a P/E ratio of 71.73, a price-to-earnings-growth ratio of 1.41 and a beta of 1.08. Flywire Co. has a 12-month low of $8.62 and a 12-month high of $28.24. The business’s 50-day moving average price is $18.85 and its 200 day moving average price is $18.79.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. UBS Group cut Flywire from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $15.00 in a research report on Wednesday, February 26th. Wells Fargo & Company decreased their target price on Flywire from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Citigroup cut their price target on shares of Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada decreased their price objective on shares of Flywire from $25.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, BTIG Research lowered shares of Flywire from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Flywire has a consensus rating of “Hold” and a consensus target price of $19.23.

Institutional Investors Weigh In On Flywire

Hedge funds have recently made changes to their positions in the business. Ascent Group LLC raised its stake in Flywire by 19.7% during the 4th quarter. Ascent Group LLC now owns 33,687 shares of the company’s stock valued at $695,000 after acquiring an additional 5,545 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Flywire by 72.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 142,797 shares of the company’s stock worth $2,944,000 after purchasing an additional 60,210 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Flywire during the fourth quarter worth approximately $2,486,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Flywire by 16.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 711,356 shares of the company’s stock worth $14,668,000 after purchasing an additional 101,431 shares during the period. Finally, Vident Advisory LLC purchased a new position in Flywire in the 4th quarter valued at $235,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

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.