Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) insider Eric L. (Ric) Sinclair III sold 9,702 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $37.79, for a total value of $366,638.58. Following the transaction, the insider now directly owns 490,870 shares in the company, valued at approximately $18,549,977.30. This represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Waystar Stock Up 0.2%
Shares of NASDAQ:WAY traded up $0.06 during trading on Monday, reaching $37.75. The stock had a trading volume of 1,117,195 shares, compared to its average volume of 1,368,702. The firm's 50-day simple moving average is $38.75 and its 200 day simple moving average is $38.52. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.39. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11. The company has a market capitalization of $6.53 billion and a P/E ratio of 419.49.
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, hitting analysts' consensus estimates of $0.32. Waystar had a return on equity of 3.10% and a net margin of 2.67%. The business had revenue of $256.44 million for the quarter, compared to the consensus estimate of $248.47 million. Waystar's revenue was up 14.1% on a year-over-year basis. As a group, research analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have commented on WAY. TD Cowen raised Waystar to a "strong-buy" rating in a research report on Thursday, June 5th. Canaccord Genuity Group cut their price target on shares of Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Truist Financial set a $50.00 price objective on shares of Waystar and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Barclays reduced their target price on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report 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. According to data from MarketBeat, Waystar has a consensus rating of "Buy" and an average price target of $40.50.
Read Our Latest Stock Analysis on WAY
Institutional Investors Weigh In On Waystar
Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Waystar by 62.1% during the 1st quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company's stock valued at $302,263,000 after purchasing an additional 3,099,211 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its position in shares of Waystar by 2.3% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 3,482,238 shares of the company's stock valued at $127,798,000 after acquiring an additional 79,944 shares during the period. Norges Bank purchased a new position in Waystar in the 4th quarter worth $119,387,000. Invesco Ltd. lifted its position in Waystar by 9,107.1% during the 1st quarter. Invesco Ltd. now owns 2,040,285 shares of the company's stock worth $76,225,000 after acquiring an additional 2,018,125 shares during the period. Finally, Fuller & Thaler Asset Management Inc. grew its stake in Waystar by 27.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,975,142 shares of the company's stock valued at $73,791,000 after purchasing an additional 427,337 shares during the last quarter.
Waystar Company Profile
(
Get 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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