SG Americas Securities LLC Takes Position in Waystar Holding Corp. (NASDAQ:WAY)

SG Americas Securities LLC acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 25,715 shares of the company's stock, valued at approximately $717,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in shares of Waystar during the second quarter worth $145,000. Scientech Research LLC acquired a new position in Waystar during the 2nd quarter worth about $289,000. Federated Hermes Inc. bought a new stake in shares of Waystar in the 2nd quarter valued at about $430,000. Sculptor Capital LP acquired a new stake in shares of Waystar in the second quarter valued at about $791,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Waystar during the second quarter worth about $813,000.

Waystar Price Performance

NASDAQ:WAY traded down $0.14 during trading hours on Monday, hitting $27.74. 397,284 shares of the company traded hands, compared to its average volume of 866,557. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $28.57. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. The business's 50-day simple moving average is $26.37.

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, topping analysts' consensus estimates of ($0.01) by $0.05. The business had revenue of $234.50 million during the quarter, compared to analysts' expectations of $216.25 million. During the same quarter in the previous year, the firm earned ($0.07) EPS. Waystar's quarterly revenue was up 19.6% on a year-over-year basis. As a group, analysts forecast that Waystar Holding Corp. will post -0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on WAY shares. Canaccord Genuity Group began coverage on shares of Waystar in a research report on Tuesday, July 2nd. They set a "buy" rating and a $30.00 target price for the company. Canaccord Genuity Group began coverage on shares of Waystar in a research note on Tuesday, July 2nd. They set a "buy" rating and a $30.00 target price for the company. 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 research report on Wednesday, August 14th. Raymond James assumed coverage on Waystar in a research report on Tuesday, July 2nd. They issued an "outperform" rating and a $30.00 price objective for the company. Finally, The Goldman Sachs Group assumed coverage on Waystar in a report on Tuesday, July 2nd. They issued a "buy" rating and a $32.00 target price for the company. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $29.90.

Waystar Company Profile

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