37,800 Shares in Waystar Holding Corp. (NASDAQ:WAY) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 37,800 shares of the company's stock, valued at approximately $813,000.

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Other hedge funds and other institutional investors have also modified their holdings of the company. Cubist Systematic Strategies LLC bought a new position in Waystar during the 2nd quarter valued at $145,000. Scientech Research LLC bought a new position in shares of Waystar during the second quarter worth about $289,000. Federated Hermes Inc. bought a new position in shares of Waystar during the second quarter worth about $430,000. Sculptor Capital LP acquired a new position in Waystar in the second quarter worth about $791,000. Finally, Sandia Investment Management LP acquired a new stake in Waystar during the second quarter valued at approximately $860,000.

Analyst Ratings Changes

Several research analysts have recently commented on WAY shares. Evercore ISI lifted their target price on Waystar from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Thursday, August 8th. Barclays assumed coverage on shares of Waystar in a report on Tuesday, July 2nd. They set an "overweight" rating and a $24.00 target price on the stock. Bank of America initiated coverage on shares of Waystar in a report on Tuesday, July 2nd. They issued a "buy" rating and a $27.00 price target for the company. William Blair began coverage on shares of Waystar in a research note on Tuesday, July 2nd. They set an "outperform" rating on the stock. Finally, JPMorgan Chase & Co. lifted their target price on Waystar from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday, August 19th. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $28.90.

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View Our Latest Analysis on WAY

Waystar Price Performance

Shares of NASDAQ:WAY traded up $0.23 during trading hours on Friday, hitting $27.03. The stock had a trading volume of 257,409 shares, compared to its average volume of 895,774. The firm has a fifty day moving average price of $25.89. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. Waystar Holding Corp. has a 1-year low of $20.26 and a 1-year high of $28.57.

Waystar (NASDAQ:WAY - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. The business had revenue of $234.50 million for the quarter, compared to the consensus estimate of $216.25 million. During the same period in the previous year, the firm earned ($0.07) EPS. The firm's revenue was up 19.6% on a year-over-year basis. Analysts anticipate that Waystar Holding Corp. will post -0.08 earnings per share for the current 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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