EntryPoint Capital LLC Invests $544,000 in Waystar Holding Corp. $WAY

Key Points

• EntryPoint Capital LLC invested approximately $544,000 in Waystar Holding Corp., acquiring 14,552 shares in the first quarter.
• Waystar received several analysts' ratings upgrades, with a consensus rating of "Buy" and a price target of $44.73.
• Insider transactions included significant stock sales by CEO Matthew J. Hawkins and insider T. Craig Bridge, indicating a 20.57% and 11.07% decrease in their respective ownership stakes.

EntryPoint Capital LLC bought a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 14,552 shares of the company's stock, valued at approximately $544,000.

Several other large investors have also made changes to their positions in WAY. Gen Wealth Partners Inc acquired a new position in shares of Waystar during the 4th quarter worth approximately $92,000. Amalgamated Bank raised its stake in shares of Waystar by 84.1% during the 1st quarter. Amalgamated Bank now owns 2,716 shares of the company's stock worth $101,000 after buying an additional 1,241 shares during the period. KBC Group NV acquired a new position in shares of Waystar during the 1st quarter worth approximately $109,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Waystar during the 1st quarter worth approximately $127,000. Finally, RiverPark Advisors LLC raised its stake in shares of Waystar by 25.5% during the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company's stock worth $128,000 after buying an additional 710 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Canaccord Genuity Group reduced their price objective on Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. TD Cowen raised Waystar to a "strong-buy" rating in a research note on Thursday, June 5th. Truist Financial increased 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. Mizuho assumed coverage on Waystar in a research note on Monday, June 30th. They issued an "outperform" rating and a $48.00 price objective for the company. Finally, Citigroup assumed coverage on Waystar in a research note on Wednesday, June 25th. They issued a "buy" rating and a $45.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $44.73.

Waystar Stock Down 1.8%

Shares of WAY opened at $35.63 on Wednesday. Waystar Holding Corp. has a 52-week low of $25.76 and a 52-week high of $48.11. The company has a market capitalization of $6.21 billion, a PE ratio of 74.23, a price-to-earnings-growth ratio of 0.66 and a beta of 0.79. The stock has a fifty day simple moving average of $37.25 and a two-hundred day simple moving average of $38.52. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.39.

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

Insiders Place Their Bets

In other news, insider T. Craig Bridge sold 85,000 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $37.09, for a total transaction of $3,152,650.00. Following the completion of the transaction, the insider directly owned 682,843 shares in the company, valued at approximately $25,326,646.87. This represents a 11.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew J. Hawkins sold 197,847 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $38.53, for a total value of $7,623,044.91. Following the transaction, the chief executive officer owned 764,131 shares of the company's stock, valued at approximately $29,441,967.43. This represents a 20.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 573,473 shares of company stock valued at $21,822,153. 4.10% of the stock is owned by company insiders.

Waystar Profile

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

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