Waystar Holding Corp.'s Lock-Up Period Set To Expire on December 4th (NASDAQ:WAY)

Waystar's (NASDAQ:WAY - Get Free Report) lock-up period is set to expire on Wednesday, December 4th. Waystar had issued 45,000,000 shares in its initial public offering on June 7th. The total size of the offering was $967,500,000 based on an initial share price of $21.50. After the end of the company's lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Bank of America boosted their target price on shares of Waystar from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Monday, October 14th. JPMorgan Chase & Co. increased their price objective on Waystar from $24.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, August 19th. The Goldman Sachs Group lifted their target price on Waystar from $34.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Evercore ISI upped their target price on Waystar from $32.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Raymond James raised Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 price target on the stock in a research note on Friday, November 22nd. Ten investment 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, the company currently has a consensus rating of "Buy" and an average price target of $32.90.

Waystar Trading Down 0.2 %

WAY stock traded down $0.07 during trading on Wednesday, hitting $30.80. 456,707 shares of the stock traded hands, compared to its average volume of 887,036. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar has a one year low of $20.26 and a one year high of $33.25. The stock has a 50 day moving average of $28.64.

Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $223.82 million. The firm's revenue for the quarter was up 21.7% on a year-over-year basis. Research analysts forecast that Waystar will post 0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Waystar

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of Waystar by 697.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company's stock worth $30,724,000 after buying an additional 963,316 shares during the period. M&T Bank Corp grew its holdings in Waystar by 116.6% during the 3rd quarter. M&T Bank Corp now owns 63,746 shares of the company's stock worth $1,778,000 after acquiring an additional 34,316 shares during the period. Barclays PLC lifted its stake in shares of Waystar by 701.7% in the 3rd quarter. Barclays PLC now owns 64,934 shares of the company's stock valued at $1,811,000 after purchasing an additional 56,834 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Waystar in the 3rd quarter worth $222,000. Finally, Jane Street Group LLC acquired a new stake in shares of Waystar during the third quarter worth $539,000.

About Waystar

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