Seven Grand Managers LLC Sells 18,902 Shares of Waystar Holding Corp. (NASDAQ:WAY)

Seven Grand Managers LLC trimmed its holdings in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 11.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 150,000 shares of the company's stock after selling 18,902 shares during the quarter. Seven Grand Managers LLC owned about 0.09% of Waystar worth $4,184,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WAY. SG Americas Securities LLC purchased a new stake in Waystar in the third quarter worth approximately $717,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Waystar in the 2nd quarter worth $27,950,000. Cubist Systematic Strategies LLC bought a new stake in shares of Waystar in the second quarter worth $145,000. Ghisallo Capital Management LLC bought a new stake in shares of Waystar in the second quarter worth $12,900,000. Finally, Point72 Asset Management L.P. purchased a new stake in Waystar during the second quarter valued at $813,000.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WAY shares. Raymond James assumed coverage on Waystar in a research note on Tuesday, July 2nd. They set an "outperform" rating and a $30.00 price target for the company. William Blair assumed coverage on shares of Waystar in a report on Tuesday, July 2nd. They set an "outperform" rating for the company. JPMorgan Chase & Co. lifted their price target on shares of Waystar from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday, August 19th. The Goldman Sachs Group assumed coverage on Waystar in a research note on Tuesday, July 2nd. They issued a "buy" rating and a $32.00 price objective for the company. Finally, Bank of America lifted their target price on Waystar from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Monday. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $29.90.

Waystar Price Performance

NASDAQ:WAY traded down $0.16 on Thursday, reaching $27.59. 466,794 shares of the company's stock traded hands, compared to its average volume of 858,968. The stock's 50-day moving average is $26.80. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $28.57. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.46.

Waystar (NASDAQ:WAY - Get Free Report) last issued its 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 business had revenue of $234.50 million for the quarter, compared to the consensus estimate of $216.25 million. During the same period last year, the business posted ($0.07) EPS. The firm's revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, analysts forecast that Waystar Holding Corp. will post -0.08 EPS 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.