Flywire downgraded to Neutral from Buy at BTIG

BTIG downgraded Flywire (FLYW) to Neutral from Buy without a price target Even if the company’s fiscal 2025 guidance “that missed Street estimates by a long shot is baking in a worst-case scenario,” investors will not gain any confidence in Flywire’s sales growth algorithm until it strings together a few quarters of consistency, the analyst tells investors in a research note. BTIG believes the company’s Canada and Australia headwinds are worse than feared, and notes management discussed unfavorable U.S. student visa trends, which is its biggest concern for the year ahead.