Avenir Corp Has $22.96 Million Holdings in Waystar Holding Corp. $WAY

Key Points

• Avenir Corp has increased its stake in Waystar Holding Corp by acquiring an additional 24,375 shares, bringing its total ownership to 614,619 shares, valued at approximately $22.96 million.
• Waystar's stock is receiving multiple positive ratings from analysts, with a range of target prices set between $45.00 and $51.00, and an average target price of $44.73.
• Recent insider trading includes CEO Matthew J. Hawkins selling 46,667 shares for over $1.6 million, reducing his position by 5.76%, while insider ownership currently stands at 4.10%.

Avenir Corp increased its position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 4.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 614,619 shares of the company's stock after buying an additional 24,375 shares during the period. Waystar comprises about 2.4% of Avenir Corp's portfolio, making the stock its 13th biggest position. Avenir Corp owned 0.36% of Waystar worth $22,962,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of Waystar by 2.1% during the first quarter. PNC Financial Services Group Inc. now owns 14,687 shares of the company's stock worth $549,000 after buying an additional 304 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Waystar by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company's stock worth $901,000 after purchasing an additional 960 shares during the period. Legato Capital Management LLC lifted its holdings in shares of Waystar by 8.4% during the first quarter. Legato Capital Management LLC now owns 12,398 shares of the company's stock worth $463,000 after purchasing an additional 960 shares during the period. Amalgamated Bank lifted its holdings in Waystar by 84.1% in the first quarter. Amalgamated Bank now owns 2,716 shares of the company's stock valued at $101,000 after acquiring an additional 1,241 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in Waystar by 0.8% in the fourth quarter. Squarepoint Ops LLC now owns 201,548 shares of the company's stock valued at $7,397,000 after acquiring an additional 1,548 shares during the period.

Waystar Stock Performance

WAY traded down $0.40 during trading on Monday, reaching $37.88. 2,251,842 shares of the company were exchanged, compared to its average volume of 1,638,315. The stock has a market cap of $6.60 billion, a P/E ratio of 78.92, a PEG ratio of 0.69 and a beta of 0.78. The firm has a 50 day moving average of $36.92 and a 200 day moving average of $38.20. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.39. Waystar Holding Corp. has a 52 week low of $25.76 and a 52 week high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last issued 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 company had revenue of $270.65 million for 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%.The company's quarterly revenue was up 15.4% compared to the same quarter last year. During the same period last year, the company earned $0.04 earnings per share. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. On average, sell-side analysts forecast that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Insider Transactions at Waystar

In related news, insider Eric L. (Ric) Sinclair III sold 9,702 shares of Waystar stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $40.22, for a total transaction of $390,214.44. Following the transaction, the insider directly owned 490,870 shares of the company's stock, valued at $19,742,791.40. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider T. Craig Bridge sold 85,000 shares of Waystar stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $37.09, for a total value of $3,152,650.00. Following the transaction, the insider directly owned 682,843 shares in the company, valued at approximately $25,326,646.87. The trade was a 11.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 246,411 shares of company stock valued at $9,110,688 in the last three months. 4.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WAY. Mizuho started coverage on Waystar in a research report on Monday, June 30th. They issued an "outperform" rating and a $48.00 price target for the company. TD Cowen upgraded Waystar to a "strong-buy" rating in a report on Thursday, June 5th. Citigroup initiated coverage on Waystar in a research note on Wednesday, June 25th. They issued a "buy" rating and a $45.00 price objective on the stock. Finally, Truist Financial lifted their price objective on Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $44.73.

Waystar Company Profile

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