Flywire (NASDAQ:FLYW) Insider Sells $1,109,266.25 in Stock

Flywire Corporation (NASDAQ:FLYW) insider David King sold 55,325 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $20.05, for a total transaction of $1,109,266.25. Following the completion of the sale, the insider directly owned 147,079 shares of the company’s stock, valued at approximately $2,948,933.95. This represents a 27.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Flywire Trading Up 13.9%

Shares of NASDAQ FLYW traded up $2.66 during midday trading on Wednesday, reaching $21.81. The company’s stock had a trading volume of 6,240,185 shares, compared to its average volume of 1,864,774. Flywire Corporation has a one year low of $10.55 and a one year high of $22.17. The company has a 50 day moving average price of $18.29 and a 200 day moving average price of $15.58. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 83.89, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32.

Flywire (NASDAQ:FLYW) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.26. Flywire had a net margin of 4.77% and a return on equity of 4.08%. The business had revenue of $250.30 million for the quarter, compared to analyst estimates of $233.25 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The firm’s revenue was up 25.1% compared to the same quarter last year. Research analysts anticipate that Flywire Corporation will post 0.40 earnings per share for the current fiscal year.

Key Headlines Impacting Flywire

Here are the key news stories impacting Flywire this week:

• Positive Sentiment: Flywire reported Q3 revenue of $250.3 million, up 25.1% year over year and above analyst expectations of about $233.3 million. Earnings of $0.57 per share also topped the $0.31 consensus estimate. Flywire Q3 financial results
• Positive Sentiment: The company raised its 2026 FX-neutral revenue growth outlook, excluding ancillary services, by two percentage points at the midpoint, and lifted its adjusted EBITDA margin growth outlook by 30 basis points. It also outlined a goal of reaching a 25% adjusted EBITDA margin in 2027. Flywire outlook
• Positive Sentiment: B. Riley reaffirmed its Buy rating and raised its price target from $24 to $25, signaling continued confidence in the company’s prospects. B. Riley price target update
• Neutral Sentiment: JPMorgan raised its target from $20 to $23 but maintained a Neutral rating, indicating a more measured view despite the higher target. JPMorgan analyst rating

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stephens initiated coverage on shares of Flywire in a research report on Friday, October 16th. They set an “equal weight” rating and a $20.00 target price on the stock. B. Riley Financial reiterated a “buy” rating and set a $25.00 price target (up from $24.00) on shares of Flywire in a research note on Wednesday. Raymond James Financial reissued an “outperform” rating and set a $24.00 price objective on shares of Flywire in a report on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 price objective on shares of Flywire in a research note on Wednesday, September 30th. Finally, Seaport Research Partners restated a “buy” rating and issued a $22.00 target price on shares of Flywire in a report on Monday, August 17th. Seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Flywire presently has an average rating of “Hold” and a consensus target price of $21.73.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in Flywire by 110.8% in the first quarter. Renaissance Technologies LLC now owns 887,200 shares of the company’s stock valued at $10,327,000 after acquiring an additional 466,300 shares during the period. North Reef Capital Management LP increased its position in Flywire by 83.3% in the 1st quarter. North Reef Capital Management LP now owns 1,100,000 shares of the company’s stock valued at $12,804,000 after acquiring an additional 499,999 shares in the last quarter. Squarepoint Ops LLC raised its position in Flywire by 158.4% in the 2nd quarter. Squarepoint Ops LLC now owns 539,307 shares of the company’s stock worth $9,476,000 after purchasing an additional 330,622 shares during the last quarter. Roubaix Capital LLC acquired a new position in shares of Flywire during the first quarter valued at $2,685,000. Finally, Jennison Associates LLC grew its position in shares of Flywire by 19.9% during the 1st quarter. Jennison Associates LLC now owns 5,298,881 shares of the company’s stock worth $61,679,000 after buying an additional 878,248 shares during the period. Institutional investors own 95.90% of the company’s stock.

Flywire Company Profile

Flywire Corp. (NASDAQ: FLYW) is a global payments and software company that helps organizations receive and manage payments from customers and clients in multiple countries and currencies. Its platform is designed to simplify complex, cross-border transactions while providing payment tracking, reconciliation and related accounts-receivable capabilities.

The company serves several major verticals, including education, healthcare, travel and business-to-business payments. Its products and services include international and domestic payment processing, digital billing and invoicing, payment plans, embedded payment solutions and tools that help organizations automate reconciliation and improve the payment experience.

Flywire was founded in 2009 as peerTransfer and is headquartered in Boston, Massachusetts.