Flywire (NASDAQ:FLYW) Insider Mohit Kansal Sells 54,543 Shares

Flywire Corporation (NASDAQ:FLYW) insider Mohit Kansal sold 54,543 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $15.15, for a total transaction of $826,326.45. Following the sale, the insider directly owned 504,320 shares in the company, valued at $7,640,448. This trade represents a 9.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Mohit Kansal also recently made the following trade(s):

• On Wednesday, May 6th, Mohit Kansal sold 16,101 shares of Flywire stock. The stock was sold at an average price of $15.90, for a total transaction of $256,005.90.

Flywire Trading Down 2.8%

Flywire stock opened at $15.42 on Thursday. The firm’s 50 day simple moving average is $14.71 and its 200 day simple moving average is $13.60. The firm has a market capitalization of $1.90 billion, a PE ratio of 67.04, a price-to-earnings-growth ratio of 1.62 and a beta of 1.34. Flywire Corporation has a 1-year low of $10.10 and a 1-year high of $18.05.

Flywire (NASDAQ:FLYW) last posted its earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.07. The business had revenue of $184.00 million for the quarter, compared to analyst estimates of $170.24 million. Flywire had a net margin of 4.45% and a return on equity of 3.78%. Flywire’s revenue was up 40.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.03) EPS. Research analysts forecast that Flywire Corporation will post 0.28 earnings per share for the current year.

Hedge Funds Weigh In On Flywire

A number of institutional investors have recently made changes to their positions in the stock. Essential Partners LLC grew its holdings in shares of Flywire by 219.1% during the 1st quarter. Essential Partners LLC now owns 2,288 shares of the company’s stock valued at $27,000 after purchasing an additional 1,571 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Flywire during the 4th quarter valued at $32,000. KBC Group NV bought a new position in shares of Flywire during the 1st quarter valued at $38,000. Leonteq Securities AG grew its holdings in shares of Flywire by 267.6% during the 1st quarter. Leonteq Securities AG now owns 3,540 shares of the company’s stock valued at $41,000 after purchasing an additional 2,577 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Flywire by 78.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock valued at $66,000 after purchasing an additional 2,497 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

FLYW has been the topic of a number of research analyst reports. BTIG Research increased their price target on shares of Flywire from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft raised shares of Flywire to an “outperform” rating in a report on Wednesday, May 27th. JPMorgan Chase & Co. raised shares of Flywire from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $14.00 to $16.00 in a report on Thursday, May 21st. Wall Street Zen raised shares of Flywire from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Finally, New Street Research set a $16.00 price target on shares of Flywire in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Flywire has a consensus rating of “Moderate Buy” and an average target price of $18.07.

Flywire Company Profile

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.