GAMMA Investing LLC increased its stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 6,320.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,668 shares of the company's stock after purchasing an additional 8,533 shares during the quarter. GAMMA Investing LLC's holdings in Waystar were worth $324,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Global Retirement Partners LLC purchased a new stake in shares of Waystar during the 4th quarter worth $25,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Waystar in the fourth quarter valued at $48,000. Gen Wealth Partners Inc purchased a new stake in Waystar during the 4th quarter worth about $92,000. RiverPark Advisors LLC boosted its position 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 acquiring an additional 710 shares in the last quarter. Finally, Pictet Asset Management Holding SA acquired a new position in shares of Waystar during the 4th quarter worth about $237,000.
Waystar Stock Performance
NASDAQ WAY traded up $0.96 during trading on Tuesday, reaching $38.71. The company's stock had a trading volume of 1,346,968 shares, compared to its average volume of 1,368,616. The business's fifty day moving average price is $38.78 and its 200-day moving average price is $38.57. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $48.11. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.12 and a current ratio of 3.12. The firm has a market cap of $6.70 billion and a price-to-earnings ratio of 430.16.
Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. Waystar had a return on equity of 3.10% and a net margin of 2.67%. The firm had revenue of $256.44 million for the quarter, compared to analysts' expectations of $248.47 million. The company's revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CEO Matthew J. Hawkins sold 2,153 shares of Waystar stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $39.15, for a total value of $84,289.95. Following the sale, the chief executive officer now directly owns 76,413 shares in the company, valued at $2,991,568.95. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Canada Pension Plan Investment sold 4,111,357 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $37.39, for a total value of $153,723,638.23. Following the completion of the transaction, the insider now owns 25,580,929 shares of the company's stock, valued at $956,470,935.31. The trade was a 13.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,674,322 shares of company stock valued at $324,887,541 over the last three months. 4.10% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several research firms recently weighed in on WAY. Truist Financial set a $50.00 target price on Waystar and gave the stock a "buy" rating in a research note on Wednesday, May 7th. TD Cowen upgraded shares of Waystar to a "strong-buy" rating in a research report on Thursday, June 5th. Canaccord Genuity Group lowered their target price on shares of Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Barclays cut their price target on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Twelve analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Waystar presently has a consensus rating of "Buy" and an average price target of $40.50.
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Waystar Profile
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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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