Tiptree Advisors LLC Has $4.40 Million Stake in Waystar Holding Corp. $WAY

Key Points

• Tiptree Advisors LLC increased its stake in Waystar Holding Corp. by 38.0% during the second quarter, now owning 107,630 shares valued at approximately $4.40 million.
• Waystar reported an earnings per share (EPS) of $0.36 for the last quarter, exceeding analysts' expectations of $0.33, along with a 15.4% year-over-year revenue growth.
• Analysts have given Waystar consistent ratings, with a consensus rating of "Buy" and a target price of around $45.50, reflecting positive market sentiments.

Tiptree Advisors LLC lifted its position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 38.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,630 shares of the company's stock after acquiring an additional 29,630 shares during the quarter. Waystar makes up approximately 3.4% of Tiptree Advisors LLC's portfolio, making the stock its 14th biggest position. Tiptree Advisors LLC owned 0.06% of Waystar worth $4,399,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Central Pacific Bank Trust Division acquired a new stake in shares of Waystar during the 2nd quarter valued at $33,000. State of Wyoming acquired a new stake in shares of Waystar during the 1st quarter valued at $54,000. Quarry LP acquired a new stake in shares of Waystar during the 1st quarter valued at $60,000. Amalgamated Bank raised its position in Waystar by 84.1% during the 1st quarter. Amalgamated Bank now owns 2,716 shares of the company's stock worth $101,000 after purchasing an additional 1,241 shares during the last quarter. Finally, KBC Group NV bought a new position in Waystar during the 1st quarter worth $109,000.

Waystar Stock Performance

WAY stock opened at $37.52 on Wednesday. Waystar Holding Corp. has a 1-year low of $26.95 and a 1-year high of $48.11. The firm has a market cap of $6.54 billion, a PE ratio of 78.17, a price-to-earnings-growth ratio of 0.67 and a beta of 0.69. The stock has a 50-day moving average price of $37.41 and a 200-day moving average price of $37.76. 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 (NASDAQ:WAY - Get Free Report) last issued its 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. 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 analyst estimates of $255.26 million. During the same period in the previous year, the company posted $0.04 EPS. The firm's revenue 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, equities research analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

WAY has been the subject of several analyst reports. Citigroup initiated coverage on Waystar in a research report on Thursday, September 18th. They set an "outperform" rating for the company. Barclays initiated coverage on Waystar in a research report on Tuesday, October 14th. They set an "overweight" rating and a $50.00 target price for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Waystar in a research report on Wednesday, October 8th. Truist Financial raised their target price on Waystar from $50.00 to $51.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, JMP Securities initiated coverage on Waystar in a research report on Thursday, September 18th. They issued a "market outperform" rating and a $48.00 price objective for the company. 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $45.50.

Insiders Place Their Bets

In related news, insider Eric L. (Ric) Sinclair III sold 9,701 shares of the business's stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $36.94, for a total value of $358,354.94. Following the completion of the sale, the insider directly owned 474,826 shares of the company's stock, valued at $17,540,072.44. The trade was a 2.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul G. Moskowitz sold 4,295,139 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $39.21, for a total value of $168,412,400.19. Following the completion of the sale, the director directly owned 13,759,910 shares of the company's stock, valued at $539,526,071.10. The trade was a 23.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,546,249 shares of company stock worth $177,987,193 over the last three months. Insiders own 4.10% of the company's stock.

Waystar Profile

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.