Waystar Holding Corp. (NASDAQ:WAY) Short Interest Up 36.6% in November

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 4,400,000 shares, a growth of 36.6% from the November 15th total of 3,220,000 shares. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is presently 4.4 days. Currently, 5.6% of the shares of the stock are sold short.

Waystar Trading Down 0.4 %

WAY traded down $0.12 on Friday, reaching $34.07. 1,362,747 shares of the company traded hands, compared to its average volume of 929,098. 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 one year low of $20.26 and a one year high of $34.60. The firm has a fifty day moving average price of $29.76.

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

Hedge Funds Weigh In On Waystar

Several institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new position in Waystar during the 2nd quarter worth about $800,003,000. Deerfield Management Company L.P. Series C purchased a new stake in shares of Waystar in the 2nd quarter worth approximately $106,468,000. TPG GP A LLC bought a new position in shares of Waystar during the second quarter valued at approximately $85,910,000. American Century Companies Inc. purchased a new position in Waystar during the second quarter valued at approximately $28,357,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Waystar in the second quarter worth approximately $27,950,000.

Analyst Ratings Changes

Several research firms recently commented on WAY. The Goldman Sachs Group lifted their price target on Waystar from $34.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Raymond James upgraded Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 target price for the company in a report on Friday, November 22nd. JPMorgan Chase & Co. increased 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 target on Waystar from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. Finally, Canaccord Genuity Group increased their target price on shares of Waystar from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $32.90.

Waystar Company Profile

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