Oberweis Asset Management Inc. bought a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 231,300 shares of the company's stock, valued at approximately $8,489,000. Oberweis Asset Management Inc. owned 0.13% of Waystar at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Waystar in the fourth quarter worth $119,387,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Waystar during the 4th quarter valued at $56,804,000. Vanguard Group Inc. grew its stake in shares of Waystar by 26.8% in the fourth quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company's stock worth $183,182,000 after purchasing an additional 1,054,180 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Waystar by 697.5% during the third quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company's stock valued at $30,724,000 after buying an additional 963,316 shares during the period. Finally, Burkehill Global Management LP bought a new position in Waystar in the 4th quarter worth $23,855,000.
Analysts Set New Price Targets
WAY has been the topic of a number of recent research reports. The Goldman Sachs Group upped their target price on shares of Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Canaccord Genuity Group raised their price target on shares of Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a report on Monday, February 24th. Barclays dropped their target price on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Bank of America boosted their target price on shares of Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Finally, Jefferies Financial Group started coverage on Waystar in a report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price objective for the company. Twelve equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Waystar presently has an average rating of "Buy" and a consensus price target of $40.33.
Check Out Our Latest Stock Analysis on WAY
Insider Transactions at Waystar
In related news, CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $36.36, for a total value of $313,532.28. Following the sale, the chief technology officer now directly owns 438,044 shares in the company, valued at $15,927,279.84. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the business's 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 in the company, valued at $1,832,597.70. The trade was a 7.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,411,461 shares of company stock worth $528,743,995.
Waystar Stock Up 1.2 %
Shares of NASDAQ:WAY traded up $0.46 during mid-day trading on Tuesday, reaching $37.10. 667,756 shares of the company were exchanged, compared to its average volume of 1,375,552. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $48.11. The firm's 50-day simple moving average is $38.02 and its 200 day simple moving average is $35.83.
Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, topping 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, equities analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.
About Waystar
(
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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