Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CFO Steven M. Oreskovich sold 16,666 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $33.89, for a total value of $564,810.74. Following the completion of the sale, the chief financial officer now owns 173,642 shares in the company, valued at $5,884,727.38. The trade was a 8.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Waystar Price Performance
Shares of NASDAQ:WAY traded up $1.29 on Monday, hitting $35.36. The company had a trading volume of 1,938,877 shares, compared to its average volume of 937,105. The stock's 50 day moving average is $29.76. 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 Holding Corp. has a 1-year low of $20.26 and a 1-year high of $35.42.
Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $240.10 million during the quarter, compared to analyst estimates of $223.82 million. The company's quarterly revenue was up 21.7% on a year-over-year basis. Equities analysts expect that Waystar Holding Corp. will post 0.03 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Raymond James raised Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 target price on the stock in a research report on Friday, November 22nd. The Goldman Sachs Group boosted their price target on Waystar from $34.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Bank of America increased their price objective on Waystar from $27.00 to $32.00 and gave the company a "buy" rating in a report on Monday, October 14th. Evercore ISI boosted their target price on shares of Waystar from $32.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, Canaccord Genuity Group increased their price target on shares of Waystar from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $32.90.
Check Out Our Latest Report on WAY
Hedge Funds Weigh In On Waystar
A number of large investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Waystar by 697.5% in the third quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company's stock valued at $30,724,000 after acquiring an additional 963,316 shares in the last quarter. M&T Bank Corp grew its position in shares of Waystar by 116.6% during the 3rd quarter. M&T Bank Corp now owns 63,746 shares of the company's stock worth $1,778,000 after purchasing an additional 34,316 shares in the last quarter. Barclays PLC increased its holdings in shares of Waystar by 701.7% during the third quarter. Barclays PLC now owns 64,934 shares of the company's stock worth $1,811,000 after purchasing an additional 56,834 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Waystar during the third quarter worth approximately $222,000. Finally, Jane Street Group LLC acquired a new stake in shares of Waystar in the third quarter valued at approximately $539,000.
Waystar Company Profile
(
Get 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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