Squarepoint Ops LLC Makes New Investment in Waystar Holding Corp. (NASDAQ:WAY)

Squarepoint Ops LLC bought a new stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the company's stock, valued at approximately $4,300,000. Squarepoint Ops LLC owned about 0.12% of Waystar at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new stake in Waystar during the 2nd quarter worth about $800,003,000. American Century Companies Inc. acquired a new position in shares of Waystar during the second quarter worth approximately $28,357,000. Peregrine Capital Management LLC acquired a new position in shares of Waystar during the second quarter worth approximately $9,010,000. Marshall Wace LLP bought a new stake in shares of Waystar during the second quarter valued at approximately $6,259,000. Finally, Davidson Kempner Capital Management LP acquired a new stake in shares of Waystar in the second quarter valued at approximately $4,300,000.

Analyst Ratings Changes

A number of brokerages have commented on WAY. Canaccord Genuity Group initiated coverage on Waystar in a research report on Tuesday, July 2nd. They issued a "buy" rating and a $30.00 price objective on the stock. Canaccord Genuity Group started coverage on Waystar in a report on Tuesday, July 2nd. They issued a "buy" rating and a $30.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on Waystar from $27.00 to $31.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Raymond James assumed coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued an "outperform" rating and a $30.00 target price on the stock. Finally, Evercore ISI boosted 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 has an average rating of "Buy" and an average target price of $28.90.

Waystar Stock Performance

NASDAQ WAY traded down $0.86 during trading on Tuesday, reaching $27.03. 1,088,772 shares of the stock traded hands, compared to its average volume of 915,762. The firm's 50-day moving average is $25.61. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The firm had revenue of $234.50 million during the quarter, compared to analyst estimates of $216.25 million. Waystar's quarterly revenue was up 19.6% on a year-over-year basis. During the same period last year, the firm earned ($0.07) EPS. Analysts predict that Waystar Holding Corp. will post -0.08 earnings per share for the current fiscal year.

Waystar Profile

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