Eric (Ric) Sinclair III Sells 9,701 Shares of Waystar (NASDAQ:WAY) Stock

Key Points

• Eric (Ric) Sinclair III sold 9,701 shares of Waystar stock at an average price of $37.63, totaling $365,048.63, resulting in a 2.00% decrease in their position.
• Waystar reported a 15.4% increase in revenue year-over-year, with earnings per share of $0.36 for the last quarter, surpassing analysts' expectations.
• Analysts have a consensus "Buy" rating for Waystar, with price targets ranging from $44.00 to $51.00 from various firms.

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) insider Eric (Ric) Sinclair III sold 9,701 shares of the business's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $37.63, for a total value of $365,048.63. Following the completion of the sale, the insider directly owned 474,826 shares of the company's stock, valued at approximately $17,867,702.38. This trade represents a 2.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Waystar Trading Down 2.3%

Shares of NASDAQ WAY traded down $0.87 during midday trading on Wednesday, reaching $36.90. The company had a trading volume of 674,661 shares, compared to its average volume of 2,071,457. Waystar Holding Corp. has a one year low of $26.56 and a one year high of $48.11. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.39. The firm's fifty day moving average price is $36.79 and its 200-day moving average price is $37.73. The stock has a market cap of $6.43 billion, a PE ratio of 76.86, a price-to-earnings-growth ratio of 0.69 and a beta of 0.78.

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

Institutional Investors Weigh In On Waystar

Several hedge funds have recently modified their holdings of WAY. Alliancebernstein L.P. boosted its position in Waystar by 3,883.4% in the 2nd quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company's stock valued at $133,601,000 after buying an additional 3,186,869 shares during the period. Vanguard Group Inc. lifted its position in Waystar by 62.1% in the first quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company's stock valued at $302,263,000 after acquiring an additional 3,099,211 shares during the last quarter. Invesco Ltd. lifted its position in Waystar by 9,107.1% in the first quarter. Invesco Ltd. now owns 2,040,285 shares of the company's stock valued at $76,225,000 after acquiring an additional 2,018,125 shares during the last quarter. Norges Bank acquired a new position in Waystar in the second quarter valued at $46,577,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Waystar by 721.4% during the first quarter. Ameriprise Financial Inc. now owns 1,202,340 shares of the company's stock worth $44,919,000 after acquiring an additional 1,055,965 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WAY shares. Robert W. Baird started coverage on Waystar in a research note on Friday, September 5th. They issued an "outperform" rating and a $44.00 price target on the stock. JMP Securities assumed coverage on Waystar in a research note on Thursday, September 18th. They issued a "market outperform" rating and a $48.00 price target on the stock. Wall Street Zen cut Waystar from a "buy" rating to a "hold" rating in a research report on Saturday. Truist Financial upped their price objective on Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, Citizens Jmp started coverage on Waystar in a research report on Thursday, September 18th. They issued a "mkt outperform" rating and a $48.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. According to data from MarketBeat.com, Waystar has a consensus rating of "Buy" and a consensus target price of $45.14.

Waystar Company Profile

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

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