MetLife Investment Management LLC acquired a new stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 24,815 shares of the company's stock, valued at approximately $692,000.
Several other institutional investors have also added to or reduced their stakes in the business. Amalgamated Bank bought a new position in Waystar in the 3rd quarter valued at $41,000. Smithfield Trust Co bought a new stake in Waystar during the third quarter valued at $68,000. RiverPark Advisors LLC bought a new position in Waystar in the 3rd quarter worth about $78,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Waystar in the 2nd quarter valued at about $145,000. Finally, Scientech Research LLC bought a new stake in shares of Waystar during the 2nd quarter valued at about $289,000.
Waystar Stock Performance
Waystar stock traded up $0.67 during trading hours on Friday, hitting $30.92. 1,188,515 shares of the stock traded hands, compared to its average volume of 1,057,745. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $33.25. The business's 50-day moving average price is $29.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29.
Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $240.10 million during the quarter, compared to analysts' expectations of $223.82 million. The firm's revenue for the quarter was up 21.7% compared to the same quarter last year. As a group, analysts expect that Waystar Holding Corp. will post 0.03 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. Bank of America upped their price objective on shares of Waystar from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. The Goldman Sachs Group increased their target price on Waystar from $34.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Evercore ISI lifted their price target on Waystar from $32.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Royal Bank of Canada increased their price target on shares of Waystar from $31.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Waystar from $24.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, August 19th. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Waystar has an average rating of "Buy" and an average price target of $32.90.
Read Our Latest Analysis on Waystar
Waystar 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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