Waystar Holding Corp. (NASDAQ:WAY) Short Interest Down 24.6% in October

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 2,580,000 shares, a drop of 24.6% from the September 30th total of 3,420,000 shares. Based on an average daily volume of 666,900 shares, the days-to-cover ratio is presently 3.9 days. Approximately 3.6% of the company's shares are short sold.

Analyst Ratings Changes

Several equities research analysts have issued reports on WAY shares. Barclays assumed coverage on Waystar in a report on Tuesday, July 2nd. They issued an "overweight" rating and a $24.00 price target for the company. The Goldman Sachs Group began coverage on shares of Waystar in a report on Tuesday, July 2nd. They set a "buy" rating and a $32.00 target price on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Waystar from $27.00 to $31.00 and gave the company a "buy" rating in a report on Wednesday, August 14th. Raymond James initiated coverage on shares of Waystar in a report on Tuesday, July 2nd. They set an "outperform" rating and a $30.00 price objective on the stock. Finally, Bank of America boosted their price objective on shares of Waystar from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Waystar presently has an average rating of "Buy" and an average target price of $29.90.

Waystar Trading Up 1.7 %

Shares of Waystar stock traded up $0.45 during trading hours on Friday, reaching $27.62. 424,633 shares of the company's stock were exchanged, compared to its average volume of 836,403. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.15 and a quick ratio of 2.15. The business's 50 day moving average is $27.12. Waystar has a fifty-two week low of $20.26 and a fifty-two week high of $28.57.

Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.05. The company had revenue of $234.50 million during the quarter, compared to the consensus estimate of $216.25 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. The firm's revenue for the quarter was up 19.6% compared to the same quarter last year. On average, equities analysts expect that Waystar will post -0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Waystar

A number of institutional investors have recently added to or reduced their stakes in WAY. Canada Pension Plan Investment Board bought a new stake in Waystar in the second quarter valued at approximately $800,003,000. Deerfield Management Company L.P. Series C acquired a new stake in shares of Waystar during the 2nd quarter worth about $106,468,000. TPG GP A LLC bought a new stake in shares of Waystar during the 2nd quarter worth about $85,910,000. American Century Companies Inc. acquired a new stake in Waystar during the second quarter worth approximately $28,357,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Waystar during the second quarter worth approximately $27,950,000.

Waystar Company Profile

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