Aubrey Capital Management Ltd grew its stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 11.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,000 shares of the company's stock after acquiring an additional 10,000 shares during the period. Waystar accounts for 1.4% of Aubrey Capital Management Ltd's holdings, making the stock its 19th largest position. Aubrey Capital Management Ltd owned about 0.06% of Waystar worth $3,549,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in Waystar during the fourth quarter worth approximately $25,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Waystar during the fourth quarter worth approximately $48,000. Gen Wealth Partners Inc acquired a new stake in Waystar during the fourth quarter worth approximately $92,000. RiverPark Advisors LLC lifted its position in Waystar by 25.5% during the fourth quarter. RiverPark Advisors LLC now owns 3,498 shares of the company's stock worth $128,000 after acquiring an additional 710 shares during the last quarter. Finally, Pictet Asset Management Holding SA acquired a new stake in Waystar during the fourth quarter worth approximately $237,000.
Waystar Price Performance
Shares of NASDAQ WAY traded down $0.19 during midday trading on Monday, reaching $38.74. 1,310,743 shares of the company were exchanged, compared to its average volume of 1,360,886. The stock's 50-day moving average price is $38.68 and its 200-day moving average price is $38.30. The stock has a market cap of $6.70 billion and a P/E ratio of 430.44. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40.
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 analysts' consensus estimates of $0.32. The company had revenue of $256.44 million for the quarter, compared to the consensus estimate 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.
Analysts Set New Price Targets
A number of research firms have recently weighed in on WAY. Truist Financial set a $50.00 price target on shares of Waystar and gave the company a "buy" rating in a research report on Wednesday, May 7th. Barclays dropped their price target on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Canaccord Genuity Group dropped their price target on shares of Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. TD Cowen upgraded shares of Waystar to a "strong-buy" rating in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group lifted their price target on shares of Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Twelve investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $40.50.
Read Our Latest Research Report on WAY
Insider Buying and Selling
In related news, CEO Matthew J. Hawkins sold 2,153 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $39.15, for a total value of $84,289.95. Following the sale, the chief executive officer now owns 76,413 shares of the company's stock, valued at $2,991,568.95. The trade was a 2.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $39.19, for a total transaction of $133,246.00. Following the sale, the chief marketing officer now directly owns 198,556 shares in the company, valued at $7,781,409.64. This trade represents a 1.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,664,620 shares of company stock valued at $324,520,903 over the last 90 days. 4.10% of the stock is owned by insiders.
Waystar Company Profile
(
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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