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

Point72 Asset Management L.P. increased its stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 154.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,053 shares of the company's stock after acquiring an additional 58,253 shares during the period. Point72 Asset Management L.P. owned approximately 0.06% of Waystar worth $2,679,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cerity Partners LLC raised its position in Waystar by 1.5% in the 3rd quarter. Cerity Partners LLC now owns 46,699 shares of the company's stock valued at $1,302,000 after purchasing an additional 699 shares in the last quarter. Amalgamated Bank acquired a new stake in Waystar in the third quarter valued at approximately $41,000. Smithfield Trust Co purchased a new position in Waystar in the third quarter worth approximately $68,000. RiverPark Advisors LLC acquired a new position in Waystar during the 3rd quarter worth approximately $78,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Waystar in the 2nd quarter valued at approximately $145,000.

Waystar Trading Up 5.6 %

Waystar stock traded up $1.75 during midday trading on Tuesday, hitting $33.12. 511,440 shares of the company's stock were exchanged, compared to its average volume of 909,717. The business has a 50 day moving average price of $29.21. Waystar Holding Corp. has a 12-month low of $20.26 and a 12-month high of $33.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29.

Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The company had revenue of $240.10 million for the quarter, compared to analysts' expectations of $223.82 million. Waystar's quarterly revenue was up 21.7% compared to the same quarter last year. Analysts forecast that Waystar Holding Corp. will post 0.03 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on WAY shares. The Goldman Sachs Group increased their target price on Waystar from $34.00 to $39.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their target price on Waystar from $27.00 to $31.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upped their price target on Waystar from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Monday, August 19th. Bank of America raised their price objective on shares of Waystar from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Finally, Royal Bank of Canada upped their target price on shares of Waystar from $31.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $32.90.

About Waystar

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