Jo Natauri Sells 110,584 Shares of Flywire Co. (NASDAQ:FLYW) Stock

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Flywire Co. (NASDAQ:FLYWGet Rating) Director Jo Natauri sold 110,584 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $27.03, for a total value of $2,989,085.52. Following the completion of the sale, the director now owns 1,200,172 shares of the company’s stock, valued at $32,440,649.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Jo Natauri also recently made the following trade(s):

  • On Monday, September 12th, Jo Natauri sold 90,313 shares of Flywire stock. The stock was sold at an average price of $27.39, for a total value of $2,473,673.07.
  • On Friday, September 9th, Jo Natauri sold 83,312 shares of Flywire stock. The stock was sold at an average price of $26.45, for a total value of $2,203,602.40.
  • On Wednesday, September 7th, Jo Natauri sold 87,974 shares of Flywire stock. The stock was sold at an average price of $24.81, for a total value of $2,182,634.94.
  • On Monday, August 29th, Jo Natauri sold 31,735 shares of Flywire stock. The stock was sold at an average price of $25.09, for a total value of $796,231.15.
  • On Friday, August 26th, Jo Natauri sold 40,243 shares of Flywire stock. The shares were sold at an average price of $25.48, for a total value of $1,025,391.64.
  • On Wednesday, August 24th, Jo Natauri sold 51,494 shares of Flywire stock. The shares were sold at an average price of $25.81, for a total value of $1,329,060.14.
  • On Monday, August 22nd, Jo Natauri sold 65,696 shares of Flywire stock. The shares were sold at an average price of $25.10, for a total value of $1,648,969.60.
  • On Friday, August 19th, Jo Natauri sold 56,248 shares of Flywire stock. The shares were sold at an average price of $26.01, for a total value of $1,463,010.48.
  • On Wednesday, August 17th, Jo Natauri sold 89,959 shares of Flywire stock. The shares were sold at an average price of $26.71, for a total value of $2,402,804.89.
  • On Monday, August 15th, Jo Natauri sold 78,131 shares of Flywire stock. The shares were sold at an average price of $27.01, for a total value of $2,110,318.31.

Flywire Price Performance

Flywire stock opened at $24.04 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.92 and a current ratio of 3.92. The firm has a market cap of $2.60 billion, a P/E ratio of -68.68 and a beta of 1.68. The business’s fifty day moving average is $24.34 and its two-hundred day moving average is $24.05. Flywire Co. has a 52 week low of $14.56 and a 52 week high of $57.41.

Flywire (NASDAQ:FLYWGet Rating) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.05). The business had revenue of $56.40 million during the quarter, compared to analyst estimates of $47.61 million. Flywire had a negative return on equity of 7.37% and a negative net margin of 14.98%. Flywire’s revenue for the quarter was up 52.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.16) EPS. Equities research analysts forecast that Flywire Co. will post -0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Flywire

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Flywire by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,038,684 shares of the company’s stock valued at $154,082,000 after acquiring an additional 37,622 shares during the period. Millennium Management LLC lifted its stake in shares of Flywire by 33.3% during the second quarter. Millennium Management LLC now owns 2,308,228 shares of the company’s stock valued at $40,694,000 after acquiring an additional 576,636 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Flywire by 487.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,827,976 shares of the company’s stock valued at $69,573,000 after acquiring an additional 1,516,892 shares during the period. Invesco Ltd. lifted its stake in shares of Flywire by 3.6% during the first quarter. Invesco Ltd. now owns 1,696,679 shares of the company’s stock valued at $51,884,000 after acquiring an additional 58,793 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Flywire by 48.7% during the second quarter. Franklin Resources Inc. now owns 1,681,293 shares of the company’s stock valued at $29,641,000 after acquiring an additional 550,596 shares during the period. Institutional investors and hedge funds own 73.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FLYW shares. Wells Fargo & Company upped their price target on Flywire from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, September 8th. Stephens started coverage on Flywire in a research report on Thursday, June 9th. They issued an “overweight” rating and a $24.00 price target on the stock. Finally, The Goldman Sachs Group upped their price target on Flywire to $32.00 in a research report on Monday, August 15th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Flywire currently has an average rating of “Buy” and an average target price of $36.86.

Flywire Company Profile

(Get Rating)

Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Canada, and the United Kingdom, and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay.

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