Point72 DIFC Ltd Makes New Investment in Waystar Holding Corp. (NASDAQ:WAY)

Point72 DIFC Ltd acquired a new stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 183,032 shares of the company's stock, valued at approximately $3,935,000. Point72 DIFC Ltd owned about 0.11% of Waystar at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in WAY. Federated Hermes Inc. bought a new position in shares of Waystar in the 2nd quarter valued at about $430,000. Sei Investments Co. acquired a new position in shares of Waystar in the second quarter valued at approximately $1,435,000. TD Asset Management Inc bought a new position in shares of Waystar during the second quarter worth approximately $1,633,000. Magnetar Financial LLC acquired a new stake in Waystar during the 2nd quarter worth approximately $2,495,000. Finally, Davidson Kempner Capital Management LP bought a new stake in Waystar in the 2nd quarter valued at $4,300,000.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Canaccord Genuity Group started coverage on Waystar in a research report on Tuesday, July 2nd. They set a "buy" rating and a $30.00 price objective on the stock. Raymond James initiated coverage on shares of Waystar in a research report on Tuesday, July 2nd. They set an "outperform" rating and a $30.00 price target on the stock. Royal Bank of Canada boosted their price objective on shares of Waystar from $27.00 to $31.00 and gave the company an "outperform" rating in a report on Friday, September 6th. Bank of America assumed coverage on shares of Waystar in a research report on Tuesday, July 2nd. They issued a "buy" rating and a $27.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Waystar from $27.00 to $31.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $28.90.

Waystar Price Performance

Waystar stock traded down $0.25 during mid-day trading on Tuesday, reaching $27.08. The company had a trading volume of 872,153 shares, compared to its average volume of 918,531. The company has a fifty day moving average of $25.10. Waystar Holding Corp. 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 announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.05. The firm had revenue of $234.50 million for the quarter, compared to analyst estimates of $216.25 million. The business's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.07) earnings per share. On average, analysts expect that Waystar Holding Corp. will post -0.08 earnings per share for the current year.

Waystar Company Profile

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