Flywire Corp (NASDAQ:FLYW) shares traded -1.27% lower at $10.91 on Wall Street last session.
FLYW stock price is now -43.47% away from the 50-day moving average and -40.40% away from the 200-day moving average. The market capitalization of the company currently stands at $1.36B.
With the price target reduced from $25 to $15, UBS Downgraded its rating from Buy to Neutral for Flywire Corp (NASDAQ: FLYW). On February 26, 2025, Stephens Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $26 to quote $15, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, Butterfield Peter, General Counsel and CCO sold 4,760 shares of the company’s stock on Dec 10 ’24. The stock was sold for $98,449 at an average price of $20.68. Upon completion of the transaction, the General Counsel and CCO now directly owns 259,585 shares in the company, valued at $2.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 10 ’24, Officer Peter Butterfield bought 4,760 shares of the business’s stock. A total of $99,294 was incurred on buying the stock at an average price of $20.86. A total of 5.49% of the company’s stock is owned by insiders.
During the past 12 months, Flywire Corp has had a low of $8.62 and a high of $31.54. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.63, and a quick ratio of 2.63.
The net profit margin was 0.59% and return on equity was 0.36% for FLYW. The company reported revenue of $117.55 million for the quarter, compared to $100.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.91 percent.
