Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) was down 5.4% during mid-day trading on Friday . The stock traded as low as $39.65 and last traded at $38.46. Approximately 253,019 shares changed hands during trading, a decline of 80% from the average daily volume of 1,257,580 shares. The stock had previously closed at $40.67.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on WAY shares. Barclays upped their price target on shares of Waystar from $42.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Canaccord Genuity Group boosted their price objective on Waystar from $42.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Bank of America boosted their price objective on Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a report on Monday, January 6th. The Goldman Sachs Group boosted their price objective on Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Finally, Raymond James raised Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 price objective for the company in a report on Friday, November 22nd. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $40.36.
Read Our Latest Report on WAY
Waystar Price Performance
The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29. The business has a 50 day moving average price of $40.18 and a 200 day moving average price of $33.28.
Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.11. The company had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. As a group, sell-side analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.
Insider Activity at Waystar
In related news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $40.00, for a total value of $300,686,720.00. Following the completion of the transaction, the insider now directly owns 29,692,286 shares in the company, valued at approximately $1,187,691,440. The trade was a 20.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven M. Oreskovich sold 16,666 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $33.89, for a total value of $564,810.74. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,372,837 shares of company stock worth $527,298,461.
Hedge Funds Weigh In On Waystar
A number of large investors have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in Waystar during the 4th quarter worth approximately $25,000. Cerity Partners LLC boosted its position in Waystar by 1.5% during the 3rd quarter. Cerity Partners LLC now owns 46,699 shares of the company's stock worth $1,302,000 after acquiring an additional 699 shares during the last quarter. RiverPark Advisors LLC boosted its position in Waystar by 25.5% during the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company's stock worth $128,000 after acquiring an additional 710 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Waystar by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company's stock worth $901,000 after acquiring an additional 960 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Waystar by 1.8% during the 4th quarter. Russell Investments Group Ltd. now owns 54,096 shares of the company's stock worth $1,985,000 after acquiring an additional 964 shares during the last quarter.
Waystar Company Profile
(
Get Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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