Boothbay Fund Management LLC Has $762,000 Holdings in Waystar Holding Corp. (NASDAQ:WAY)

Boothbay Fund Management LLC decreased its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 27.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,754 shares of the company's stock after selling 7,958 shares during the quarter. Boothbay Fund Management LLC's holdings in Waystar were worth $762,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stifel Financial Corp acquired a new position in Waystar during the third quarter worth $204,000. Jane Street Group LLC acquired a new position in shares of Waystar during the 3rd quarter valued at about $539,000. Barclays PLC raised 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 acquiring an additional 56,834 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Waystar by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company's stock worth $37,531,000 after purchasing an additional 96,552 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in Waystar during the fourth quarter worth approximately $1,905,000.

Waystar Trading Up 0.8 %

Shares of NASDAQ WAY traded up $0.33 during mid-day trading on Monday, hitting $41.01. The company's stock had a trading volume of 248,093 shares, compared to its average volume of 1,389,521. The company's fifty day simple moving average is $37.77 and its 200-day simple moving average is $36.14. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11. The stock has a market cap of $7.09 billion and a price-to-earnings ratio of 454.61. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29.

Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, hitting analysts' consensus estimates of $0.32. The company had revenue of $256.44 million for the quarter, compared to analyst estimates of $248.47 million. The firm's revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Insider Activity at Waystar

In related news, CEO Matthew J. Hawkins sold 46,667 shares of the stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $36.36, for a total transaction of $1,696,812.12. Following the completion of the transaction, the chief executive officer now directly owns 500,000 shares in the company, valued at approximately $18,180,000. This trade represents a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the company'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 transaction, the insider now directly owns 29,692,286 shares of the company's stock, valued at approximately $1,187,691,440. This trade represents a 20.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,411,461 shares of company stock worth $528,743,995.

Analysts Set New Price Targets

A number of research firms have recently commented on WAY. Canaccord Genuity Group dropped their price target on shares of Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Thursday. Bank of America lifted their price objective on Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Jefferies Financial Group initiated coverage on Waystar in a research note on Tuesday, February 11th. They set a "buy" rating and a $51.00 target price for the company. Truist Financial started coverage on Waystar in a research report on Friday, March 14th. They issued a "buy" rating and a $45.00 price objective for the company. Finally, The Goldman Sachs Group boosted 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. Twelve research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $40.08.

About Waystar

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