Waystar Sees Unusually Large Options Volume (NASDAQ:WAY)

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) was the recipient of unusually large options trading on Friday. Stock investors acquired 11,930 put options on the stock. This is an increase of 1,599% compared to the average volume of 702 put options.

Insiders Place Their Bets

In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction on Friday, February 21st. The stock was sold at an average price of $42.15, for a total transaction of $143,310.00. Following the sale, the chief marketing officer now owns 43,478 shares of the company's stock, valued at $1,832,597.70. The trade was a 7.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the chief financial officer now directly owns 173,642 shares of the company's stock, valued at approximately $5,884,727.38. The trade was a 8.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,372,837 shares of company stock valued at $527,298,461 over the last three months.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WAY. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Waystar in the 4th quarter valued at approximately $1,309,000. Squarepoint Ops LLC lifted its holdings in shares of Waystar by 0.8% in the fourth quarter. Squarepoint Ops LLC now owns 201,548 shares of the company's stock valued at $7,397,000 after purchasing an additional 1,548 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Waystar in the fourth quarter worth $517,000. Two Sigma Investments LP boosted its position in shares of Waystar by 652.1% in the fourth quarter. Two Sigma Investments LP now owns 150,186 shares of the company's stock worth $5,512,000 after buying an additional 130,218 shares during the period. Finally, Sig Brokerage LP purchased a new position in shares of Waystar during the fourth quarter valued at $1,015,000.

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Analysts Set New Price Targets

Several equities research analysts recently weighed in on WAY shares. The Goldman Sachs Group upped their price objective on shares of Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Canaccord Genuity Group upped their price target on shares of Waystar from $42.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Barclays raised their price objective on shares of Waystar from $42.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Bank of America boosted their target price on Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Finally, Jefferies Financial Group began coverage on Waystar in a research note on Tuesday, February 11th. They set a "buy" rating and a $51.00 price target for the company. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Waystar has an average rating of "Buy" and an average price target of $40.36.

Waystar Trading Down 8.0 %

Shares of NASDAQ:WAY traded down $3.25 on Friday, reaching $37.42. 5,473,682 shares of the company traded hands, compared to its average volume of 1,283,694. 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 company's 50 day moving average is $40.18 and its 200-day moving average is $33.23. Waystar has a fifty-two week low of $20.26 and a fifty-two week high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.15 by $0.11. The company had revenue of $244.10 million for the quarter, compared to analysts' expectations of $232.29 million. On average, sell-side analysts anticipate that Waystar will post 0.39 EPS for the current year.

About Waystar

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