Fred Alger Management LLC acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 77,787 shares of the company's stock, valued at approximately $1,672,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new stake in Waystar during the 2nd quarter valued at $145,000. Federated Hermes Inc. purchased a new position in shares of Waystar in the second quarter valued at about $430,000. Sandia Investment Management LP bought a new position in shares of Waystar during the second quarter valued at about $860,000. Sei Investments Co. purchased a new stake in shares of Waystar during the second quarter worth about $1,435,000. Finally, TD Asset Management Inc bought a new stake in shares of Waystar in the second quarter worth about $1,633,000.
Analyst Upgrades and Downgrades
WAY has been the subject of a number of recent analyst reports. Bank of America assumed coverage on Waystar in a research report on Tuesday, July 2nd. They set a "buy" rating and a $27.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted 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. The Goldman Sachs Group began coverage on shares of Waystar in a research report on Tuesday, July 2nd. They issued a "buy" rating and a $32.00 target price for the company. William Blair started coverage on shares of Waystar in a research report on Tuesday, July 2nd. They set an "outperform" rating on the stock. Finally, Evercore ISI increased their price target on shares of Waystar from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Thursday, August 8th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $28.90.
Get Our Latest Analysis on Waystar
Waystar Price Performance
NASDAQ WAY traded down $0.15 during trading hours on Friday, reaching $27.78. 792,783 shares of the company's stock traded hands, compared to its average volume of 912,853. Waystar Holding Corp. has a 52-week low of $20.26 and a 52-week high of $28.57. The business's 50-day simple moving average is $25.51.
Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, topping 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 period in the prior year, the firm earned ($0.07) earnings per share. The business's revenue for the quarter was up 19.6% compared to the same quarter last year. Research analysts expect that Waystar Holding Corp. will post -0.08 earnings per share for the current fiscal year.
About Waystar
(
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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