Sunday, June 26, 2022

Director GOLDMAN SACHS GROUP INC sale 79,485 shares of Flywire Corporation [FLYW]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Flywire Corporation shares valued at $1,269,375 were sold by GOLDMAN SACHS GROUP INC on Jun 15. At $15.97 per share, GOLDMAN SACHS GROUP INC sold 79,485 shares. The insider’s holdings dropped to 2,269,526 shares worth approximately $40.85 million following the completion of this transaction.

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Also, Natauri Jo sold 79,485 shares, netting a total of over 1,269,375 in proceeds. Following the sale of shares at $15.97 each, the insider now holds 2,269,526 shares.

Before that, GOLDMAN SACHS GROUP INC had sold 86,068 shares from its account. In a trade valued at $1,316,840, the Director traded Flywire Corporation shares for $15.30 each. Upon closing the transaction, the insider’s holdings decreased to 86,068 shares, worth approximately $40.33 million.

As published in their initiating research note from Stephens on June 10, 2022, Flywire Corporation [FLYW] has been an Overweight and the price target has been revised to $24. This represents a 25.0% premium over Wednesday’s closing price. Analysts at SMBC Nikko started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid April. As of April 05, 2022, Wells Fargo has initiated its “an Overweight” rating for FLYW. Earlier on February 01, 2022, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for FLYW stock which previously was a “an Outperform”.

Analyzing FLYW’s Price Performance

On Wednesday, Flywire Corporation [NASDAQ: FLYW] rose 4.96% to $18.00. The stock’s lowest price that day was $16.54, but it reached a high of $18.13 in the same session. During the last five days, there has been a surge of approximately 15.98%. Over the course of the year, Flywire Corporation shares have dropped approximately -52.71%. Shares of the company reached a 52-week high of $39.31 on 01/04/22 and a 52-week low of $14.56 on 06/16/22. A 50-day SMA is recorded $22.85, while a 200-day SMA reached $33.33. Nevertheless, trading volume fell to 1.05 million shares from 1.4 million shares the previous day.

Support And Resistance Levels for Flywire Corporation (FLYW)

According to the 24-hour chart, there is a support level at 16.98, which, if violated, would cause prices to drop to 15.97. In the upper region, resistance lies at 18.57. The next price resistance is at 19.15. RSI (Relative Strength Index) is 45.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.48, which suggests the price will decrease in the coming days. Percent R is at 45.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Which companies own the most shares of Flywire Corporation (FLYW)?

According to Temasek Holdings Pte Ltd. filings, the company currently owns 10,635,573 shares, which is about 10.52% of the total FLYW shares outstanding. The investor’s shares have plunged by 0 from its previous 13-F filing of 10635573.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $95,533,020. Fidelity Management & Research Co acquire a 61.12% interest valued at $67.14 million while Goldman Sachs & Co. LLC sold a -2,296,336 stake. A total of -177,435 shares of Flywire Corporation were sold by Whale Rock Capital Management LLC during the quarter, and -275,200 were sold by BlackRock Fund Advisors. In its current portfolio, AllianceBernstein LP holds 2,327,995 shares valued at $44.95 million.

In terms of Flywire Corporation share price expectations, FactSet research, analysts set an average price target of $30.10 in the next 12 months, up nearly 72.01% from the previous closing price of $17.15. Analysts anticipate Flywire Corporation stock to reach $36.00 by 2022, with the lowest price target being $24.00. In spite of this, 11 analysts ranked Flywire Corporation stock as a Buy at the end of 2022. On December 10, 2021, Goldman assigned a price target of “a Neutral” to the stock and initiated coverage with a $47.

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