Caption Management LLC bought a new stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 31,500 shares of the company's stock, valued at approximately $1,156,000.
Other hedge funds and other institutional investors have also 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. Mark Sheptoff Financial Planning LLC acquired a new stake in Waystar in the 4th quarter valued at $48,000. RiverPark Advisors LLC grew its stake in shares of Waystar by 25.5% during the fourth quarter. RiverPark Advisors LLC now owns 3,498 shares of the company's stock valued at $128,000 after acquiring an additional 710 shares in the last quarter. Pictet Asset Management Holding SA acquired a new position in Waystar in the fourth quarter worth about $237,000. Finally, Dakota Wealth Management bought a new stake in Waystar during the fourth quarter worth approximately $264,000.
Waystar Stock Performance
NASDAQ WAY traded up $0.16 during trading hours on Monday, reaching $40.17. 630,968 shares of the company were exchanged, compared to its average volume of 1,905,187. The stock has a market capitalization of $6.95 billion and a P/E ratio of 446.32. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40. The business's 50 day simple moving average is $37.57 and its 200-day simple moving average is $36.59. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $48.11.
Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $256.44 million during the quarter, compared to analysts' expectations of $248.47 million. The company's revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities research analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current year.
Wall Street Analyst Weigh In
WAY has been the topic of several recent research reports. Canaccord Genuity Group decreased 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, May 1st. Truist Financial set a $50.00 price objective on shares of Waystar and gave the company a "buy" rating in a report on Wednesday. Barclays dropped their price objective 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. Jefferies Financial Group assumed coverage on shares of Waystar in a research report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price objective for the company. Finally, The Goldman Sachs Group raised their target price on shares of Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Twelve investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $40.50.
Read Our Latest Analysis on Waystar
Insider Buying and Selling at Waystar
In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $42.15, for a total transaction of $143,310.00. Following the transaction, the chief marketing officer now owns 43,478 shares in the company, valued at approximately $1,832,597.70. This represents a 7.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul G. Moskowitz sold 5,652,689 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $38.60, for a total transaction of $218,193,795.40. Following the completion of the transaction, the director now owns 22,327,728 shares in the company, valued at $861,850,300.80. This trade represents a 20.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,411,461 shares of company stock worth $528,743,995 over the last three months.
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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