Christopher Schremser Sells 8,623 Shares of Waystar (NASDAQ:WAY) Stock

Key Points

• Christopher Schremser, CTO of Waystar, sold 8,623 shares at an average price of $36.21, totaling $312,238.83, reducing his ownership by 2%.
• Waystar reported a quarterly EPS of $0.36, exceeding expectations, with revenues of $270.65 million, marking a 15.4% increase year-over-year.
• Analysts have generally given Waystar a favorable outlook, with an average rating of "Buy" and a price target of $45.50.

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CTO Christopher Schremser sold 8,623 shares of the firm's stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $36.21, for a total value of $312,238.83. Following the completion of the transaction, the chief technology officer directly owned 422,371 shares in the company, valued at $15,294,053.91. This trade represents a 2.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Waystar Stock Performance

Shares of NASDAQ WAY traded up $0.23 during trading on Tuesday, hitting $36.40. The company had a trading volume of 662,933 shares, compared to its average volume of 2,111,690. The stock has a 50 day simple moving average of $37.11 and a 200 day simple moving average of $37.75. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.43 and a current ratio of 3.43. Waystar Holding Corp. has a 12 month low of $26.95 and a 12 month high of $48.11. The firm has a market capitalization of $6.34 billion, a P/E ratio of 75.92, a price-to-earnings-growth ratio of 0.65 and a beta of 0.69.

Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Waystar had a return on equity of 5.65% and a net margin of 8.50%.The firm had revenue of $270.65 million for the quarter, compared to the consensus estimate of $255.26 million. During the same quarter last year, the company earned $0.04 earnings per share. The business's revenue for the quarter was up 15.4% compared to the same quarter last year. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. As a group, analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on WAY. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Waystar in a research note on Wednesday, October 8th. Robert W. Baird began coverage on Waystar in a research note on Friday, September 5th. They issued an "outperform" rating and a $44.00 price objective on the stock. Wall Street Zen raised Waystar from a "hold" rating to a "buy" rating in a research note on Saturday. Truist Financial lifted their target price on Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, Citigroup initiated coverage on Waystar in a research note on Thursday, September 18th. They set an "outperform" rating on the stock. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Waystar has an average rating of "Buy" and an average price target of $45.50.

Hedge Funds Weigh In On Waystar

Several institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC grew its holdings in Waystar by 143.2% during the 3rd quarter. Voya Investment Management LLC now owns 1,426,330 shares of the company's stock valued at $54,086,000 after buying an additional 839,759 shares in the last quarter. Harbour Capital Advisors LLC grew its holdings in Waystar by 80.5% during the 3rd quarter. Harbour Capital Advisors LLC now owns 14,130 shares of the company's stock valued at $536,000 after buying an additional 6,300 shares in the last quarter. Corient Private Wealth LLC purchased a new position in Waystar during the 2nd quarter valued at approximately $408,000. Squarepoint Ops LLC grew its holdings in Waystar by 473.9% during the 2nd quarter. Squarepoint Ops LLC now owns 54,891 shares of the company's stock valued at $2,243,000 after buying an additional 45,326 shares in the last quarter. Finally, Munro Partners purchased a new position in Waystar during the 2nd quarter valued at approximately $3,523,000.

About Waystar

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

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