Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 5,760,000 shares, an increase of 25.5% from the December 15th total of 4,590,000 shares. Based on an average daily volume of 1,060,000 shares, the days-to-cover ratio is currently 5.4 days. Approximately 7.4% of the company's shares are short sold.
Insider Activity
In other news, CFO Steven M. Oreskovich sold 16,666 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $33.89, for a total value of $564,810.74. Following the transaction, the chief financial officer now owns 173,642 shares of the company's stock, valued at $5,884,727.38. This represents a 8.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Hedge Funds Weigh In On Waystar
Several hedge funds have recently modified their holdings of the stock. Cerity Partners LLC grew its holdings in shares of 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 acquiring an additional 699 shares in the last quarter. Amalgamated Bank bought a new position in shares of Waystar in the 3rd quarter valued at about $41,000. Smithfield Trust Co bought a new position in shares of Waystar in the 3rd quarter valued at about $68,000. RiverPark Advisors LLC bought a new position in shares of Waystar in the 3rd quarter valued at about $78,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Waystar in the 2nd quarter valued at about $145,000.
Waystar Trading Down 0.9 %
WAY stock traded down $0.33 during trading hours on Thursday, reaching $37.36. 947,415 shares of the stock were exchanged, compared to its average volume of 1,065,611. The firm's 50-day moving average is $33.87 and its 200-day moving average is $28.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29. Waystar has a 12 month low of $20.26 and a 12 month high of $38.35.
Waystar (NASDAQ:WAY - Get Free Report) last released its 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 firm had revenue of $240.10 million for the quarter, compared to the consensus estimate of $223.82 million. The company's revenue was up 21.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Waystar will post 0.03 EPS for the current year.
Analyst Ratings Changes
A number of research firms have recently weighed in on WAY. Canaccord Genuity Group increased their price target on Waystar from $36.00 to $42.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Evercore ISI upped their price objective on shares of Waystar from $32.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their price objective on shares of Waystar from $31.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of Waystar from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Raymond James upgraded shares of Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 price objective for the company in a research report on Friday, November 22nd. Ten 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, Waystar presently has a consensus rating of "Buy" and a consensus target price of $35.10.
Check Out Our Latest Analysis on Waystar
About Waystar
(
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Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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