EAM Investors LLC Sells 33,086 Shares of Waystar Holding Corp. (NASDAQ:WAY)

EAM Investors LLC lessened its position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,223 shares of the company's stock after selling 33,086 shares during the period. EAM Investors LLC owned about 0.05% of Waystar worth $3,458,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WAY. Stifel Financial Corp bought a new stake in Waystar in the 3rd quarter valued at approximately $204,000. State Street Corp bought a new position in Waystar in the third quarter valued at $16,816,000. Jane Street Group LLC acquired a new stake in Waystar in the 3rd quarter valued at $539,000. Y Intercept Hong Kong Ltd bought a new stake in Waystar during the 3rd quarter worth about $222,000. Finally, Barclays PLC boosted its stake in shares of Waystar by 701.7% during the 3rd quarter. Barclays PLC now owns 64,934 shares of the company's stock worth $1,811,000 after buying an additional 56,834 shares during the last quarter.

Insider Transactions at Waystar

In other news, CEO Matthew J. Hawkins sold 46,667 shares of the business's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $36.36, for a total value of $1,696,812.12. Following the transaction, the chief executive officer now directly owns 500,000 shares of the company's stock, valued at $18,180,000. The trade was a 8.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider T. Craig Bridge sold 182,914 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $42.15, for a total transaction of $7,709,825.10. Following the completion of the sale, the insider now owns 519,658 shares of the company's stock, valued at $21,903,584.70. The trade was a 26.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,411,461 shares of company stock worth $528,743,995 over the last ninety days.

Waystar Trading Down 0.7 %

Shares of NASDAQ WAY traded down $0.26 during midday trading on Friday, reaching $36.45. 1,199,645 shares of the company were exchanged, compared to its average volume of 1,384,501. The stock's 50-day moving average price is $39.02 and its 200-day moving average price is $35.35. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.15 by $0.11. The business had revenue of $244.10 million for the quarter, compared to analyst estimates of $232.29 million. As a group, research analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WAY shares. Barclays dropped their target price on Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday. Truist Financial began coverage on shares of Waystar in a report on Friday, March 14th. They set a "buy" rating and a $45.00 target price on the stock. The Goldman Sachs Group lifted their price objective on shares of Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Canaccord Genuity Group upped their target price on shares of Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a report on Monday, February 24th. Finally, Bank of America lifted their price target on Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Twelve analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $40.33.

Waystar Company Profile

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.