U.S. stocks steady; Cook’s dismissal, Nvidia earnings in spotlight
Peter Butterfield, the General Counsel and Chief Compliance Officer of Flywire Corp (NASDAQ:FLYW), recently sold 5,523 shares of the company’s voting common stock. The timing of this sale comes as InvestingPro data shows the stock trading significantly below its 52-week high of $26.60, with technical indicators suggesting oversold conditions. The shares were sold at a weighted average price of $10.08 per share, totaling approximately $55,667. The transactions occurred on March 10, 2025, with prices ranging between $9.66 and $10.45 per share. Following the sale, Butterfield retains direct ownership of 247,561 shares in the company. Despite recent price weakness, Flywire maintains strong fundamentals with a current ratio of 2.63 and analysts expect net income growth this year. According to InvestingPro’s Fair Value analysis, the stock appears undervalued at current levels, though investors should note that 5 analysts have recently revised their earnings expectations downward.
In other recent news, Flywire has faced multiple analyst downgrades following its fourth-quarter earnings report, which did not meet market expectations. Goldman Sachs downgraded Flywire’s stock to Neutral, setting a new price target of $15, citing lower-than-expected guidance and challenges in the U.S. and international markets. Similarly, Raymond (NSE:RYMD) James adjusted its rating from ’Strong Buy’ to ’Outperform,’ reducing the price target to $17, due to a 5% miss on revenue and a conservative growth forecast for 2025. JPMorgan also revised its price target to $16, maintaining a Neutral rating, as Flywire struggles with policy changes affecting international education visas.
BTIG followed suit, downgrading Flywire to Neutral, highlighting significant challenges in Canada and Australia, along with concerns about U.S. student visa trends. UBS joined the list of firms downgrading Flywire, cutting its rating to Neutral and reducing the price target to $15, noting the company’s revised 2025 revenue growth forecast falls short of expectations. Flywire’s guidance indicates a decrease in Canadian and Australian revenues by over 30%, impacting its overall growth outlook. In response to these challenges, Flywire has initiated a strategic review and announced a 10% workforce reduction to better align with current market conditions. Despite these headwinds, Flywire’s travel segment remains a strong point, bolstered by its recent acquisition of Sertifi.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.