Goldentree Asset Management LP Sells 556,194 Shares of Waystar Holding Corp. (NASDAQ:WAY)

Goldentree Asset Management LP decreased its position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 54.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 473,045 shares of the company's stock after selling 556,194 shares during the period. Waystar makes up approximately 1.1% of Goldentree Asset Management LP's holdings, making the stock its 25th biggest position. Goldentree Asset Management LP owned 0.27% of Waystar worth $13,193,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Amalgamated Bank bought a new stake in shares of Waystar during the third quarter valued at about $41,000. Smithfield Trust Co acquired a new position in Waystar during the 3rd quarter valued at about $68,000. RiverPark Advisors LLC bought a new stake in shares of Waystar during the 3rd quarter worth about $78,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Waystar in the 2nd quarter worth approximately $145,000. Finally, Scientech Research LLC bought a new position in shares of Waystar in the second quarter valued at approximately $289,000.

Analyst Ratings Changes

A number of research analysts recently issued reports on WAY shares. Canaccord Genuity Group lifted their target price on Waystar from $30.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Waystar from $27.00 to $31.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Bank of America increased their target price on shares of Waystar from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Monday, October 14th. Royal Bank of Canada lifted their price target on shares of Waystar from $31.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, Raymond James upgraded Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 price objective for the company in a research report on Friday, November 22nd. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $32.90.

Waystar Stock Up 0.9 %

Shares of Waystar stock traded up $0.29 during trading on Friday, hitting $30.88. 809,058 shares of the stock traded hands, compared to its average volume of 1,146,754. The business's fifty day moving average is $28.86. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $33.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29.

Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The business had revenue of $240.10 million during the quarter, compared to the consensus estimate of $223.82 million. The company's revenue was up 21.7% compared to the same quarter last year. On average, equities research analysts expect that Waystar Holding Corp. will post 0.03 earnings per share for the current fiscal year.

Waystar Company Profile

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