11 Oversold Tech Stocks to Buy According to Hedge Funds

8. Flywire Corporation (NASDAQ:FLYW)

RSI: 39.36

Number of Hedge Fund Holders: 34

​Flywire Corporation (NASDAQ:FLYW) is a global payments enablement and software company. It offers a proprietary payments platform and a global payment network, facilitating cross-border transactions in over 140 currencies across more than 240 countries. FLYW’s core clients are in sectors such as education, healthcare, travel, and B2B.

Flywire Corporation (NASDAQ:FLYW) achieved 24% revenue growth in 2024 and improved adjusted EBITDA margins by 540 basis points, despite facing significant headwinds from student visa policy changes. The company added over 800 new clients in 2024, surpassing 2023’s additions, bringing their total client base to approximately 4,500 globally. The travel vertical emerged as their second-largest revenue segment, showing particularly strong growth in EMEA and APAC regions. However, the company faced significant challenges in its education business, with double-digit declines in student visa issuance across their big 4 geographic markets, particularly severe impacts in Canada and Australia, where they expect revenue declines of approximately 30% in 2025.

In response to these challenges, Flywire Corporation (NASDAQ:FLYW) announced several strategic initiatives, including the acquisition of Sertifi to strengthen its travel vertical, which helps over 20,000 hotel locations globally automate key workflows. The company is also undertaking a comprehensive business portfolio review focusing on core strengths such as complex large value payment processing, global payment network, and verticalized software. Additionally, it announced a restructuring affecting approximately 10% of its workforce as part of its operational efficiency initiatives. Despite these challenges, management remains confident in its ability to adapt, projecting 10% to 14% FX-neutral growth for full year 2025, which makes FLYW one of the best oversold stocks on our list.