FMR LLC acquired a new stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 50,943 shares of the company's stock, valued at approximately $1,421,000.
A number of other institutional investors have also made changes to their positions in the business. Cerity Partners LLC boosted its position in Waystar by 1.5% during the third quarter. Cerity Partners LLC now owns 46,699 shares of the company's stock valued at $1,302,000 after purchasing an additional 699 shares during the last quarter. Amalgamated Bank acquired a new stake in shares of Waystar in the 3rd quarter valued at approximately $41,000. Smithfield Trust Co bought a new position in shares of Waystar in the third quarter valued at $68,000. RiverPark Advisors LLC acquired a new position in Waystar during the third quarter worth $78,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Waystar during the second quarter worth $145,000.
Waystar Stock Performance
NASDAQ:WAY traded up $1.29 during trading hours on Monday, hitting $35.36. The company's stock had a trading volume of 1,968,199 shares, compared to its average volume of 937,105. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $35.42. The stock has a fifty day simple moving average of $29.76.
Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $240.10 million for the quarter, compared to the consensus estimate of $223.82 million. The firm's revenue was up 21.7% compared to the same quarter last year. On average, analysts anticipate that Waystar Holding Corp. will post 0.03 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have issued reports on WAY shares. Raymond James upgraded Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 price objective on the stock in a research note on Friday, November 22nd. Canaccord Genuity Group raised their price target on Waystar from $30.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of Waystar from $34.00 to $39.00 and gave the company a "buy" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on shares of Waystar from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday, August 19th. Finally, Evercore ISI upped their price target on shares of Waystar from $32.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $32.90.
Read Our Latest Analysis on Waystar
Waystar Company Profile
(
Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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