SAN DIEGO, Aug. 28, 2025 /PRNewswire/ -- Robbins LLP reminds stockholders that a class action was filed on behalf of investors who purchased or otherwise acquired Flywire Corporation (NASDAQ:FLYW) securities between February 28, 2024 and February 25, 2025. Flywire operates as a payments-enablement and software company in the U.S. and internationally.
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations: Robbins LLP is Investigating Allegations that Flywire Corporation (FLYW) Misled Investors Regarding its Business Prospects
According to the complaint, during the class period, defendants failed to disclose that (i) the strength and sustainability of Flywire's revenue growth was overstated, and (ii) the negative impact that permit- and visa-related restrictions were having and were likely to have on Flywire's business was understated.
On February 25, 2025, Flywire issued a press release announcing disappointing fourth quarter and FY 2024 financial results. The same day, during a conference call, the Company revealed it expected "revenue in both [Canadian and Australian] markets to be down over 30% [Y/Y]" because of "recent policy changes" and "new visa rules [that] are starting to affect demand[,]" while also citing headwinds in the Company's U.S. market on similarly shifting visa trends. On this news, multiple analysts downgraded their recommendation on Flywire and/or cut their price target. Following the disclosures and analyst downgrades and PT cuts, Flywire's voting common stock price fell $6.59 per share, or 37.36%, to close at $11.05 per share on February 26, 2025.
What Now: You may be eligible to participate in the class action against Flywire Corporation. Shareholders who want to serve as lead plaintiff for the class should contact the firm. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.
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