Flywire (NASDAQ:FLYW) COO Rob Orgel Sells 178,980 Shares of Stock

Flywire Corporation (NASDAQ:FLYW) COO Rob Orgel sold 178,980 shares of Flywire stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $17.00, for a total value of $3,042,660.00. Following the completion of the sale, the chief operating officer directly owned 959,061 shares in the company, valued at approximately $16,304,037. This represents a 15.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flywire Stock Performance

Shares of Flywire stock opened at $14.61 on Thursday. The business’s 50 day simple moving average is $14.13 and its 200 day simple moving average is $13.51. Flywire Corporation has a 52-week low of $9.97 and a 52-week high of $18.05. The firm has a market cap of $1.80 billion, a PE ratio of 63.52, a P/E/G ratio of 1.04 and a beta of 1.34.

Flywire (NASDAQ:FLYW) last announced its earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. Flywire had a return on equity of 3.78% and a net margin of 4.45%.The business had revenue of $184.00 million for the quarter, compared to analyst estimates of $170.24 million. During the same quarter last year, the firm earned ($0.03) EPS. Flywire’s revenue for the quarter was up 40.9% compared to the same quarter last year. As a group, equities research analysts predict that Flywire Corporation will post 0.42 EPS for the current year.

Analyst Upgrades and Downgrades

FLYW has been the subject of a number of analyst reports. Wall Street Zen upgraded Flywire from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Raymond James Financial restated an “outperform” rating and issued a $22.00 price target on shares of Flywire in a research note on Wednesday, May 27th. New Street Research set a $16.00 price target on Flywire in a research note on Thursday, May 21st. Citigroup raised their price target on Flywire from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $17.00 price target on shares of Flywire in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.07.

Institutional Investors Weigh In On Flywire

Institutional investors have recently made changes to their positions in the company. Voss Capital LP boosted its stake in Flywire by 21.5% in the 4th quarter. Voss Capital LP now owns 11,750,000 shares of the company’s stock valued at $166,380,000 after purchasing an additional 2,080,202 shares during the period. Jennison Associates LLC boosted its stake in Flywire by 19.9% in the 1st quarter. Jennison Associates LLC now owns 5,298,881 shares of the company’s stock valued at $61,679,000 after purchasing an additional 878,248 shares during the period. Wellington Management Group LLP boosted its stake in Flywire by 43.8% in the 4th quarter. Wellington Management Group LLP now owns 4,828,197 shares of the company’s stock valued at $68,367,000 after purchasing an additional 1,470,011 shares during the period. Mangrove Partners IM LLC boosted its stake in Flywire by 2.8% in the 4th quarter. Mangrove Partners IM LLC now owns 2,984,076 shares of the company’s stock valued at $42,255,000 after purchasing an additional 82,383 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Flywire by 18.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,886,865 shares of the company’s stock valued at $21,962,000 after purchasing an additional 295,960 shares during the period. Institutional investors own 95.90% of the company’s stock.

About Flywire

Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.