Eric L. (Ric) Sinclair III Sells 9,702 Shares of Waystar Holding Corp. (NASDAQ:WAY) Stock

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) insider Eric L. (Ric) Sinclair III sold 9,702 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $37.10, for a total transaction of $359,944.20. Following the completion of the sale, the insider owned 490,870 shares of the company's stock, valued at approximately $18,211,277. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Waystar Price Performance

WAY traded down $1.15 on Friday, reaching $35.83. The company had a trading volume of 1,417,167 shares, compared to its average volume of 1,546,063. The company has a fifty day moving average of $38.68 and a 200-day moving average of $38.90. The company has a market capitalization of $6.24 billion and a P/E ratio of 398.16. 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 $20.74 and a one year high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.32. The firm had revenue of $256.44 million during the quarter, compared to analyst estimates of $248.47 million. Waystar had a net margin of 2.67% and a return on equity of 3.10%. The business's quarterly revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WAY shares. Mizuho started coverage on shares of Waystar in a research report on Monday, June 30th. They set an "outperform" rating and a $48.00 price target on the stock. Citigroup began coverage on shares of Waystar in a research report on Wednesday, June 25th. They set a "buy" rating and a $45.00 target price on the stock. TD Cowen raised shares of Waystar to a "strong-buy" rating in a 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. Finally, Truist Financial upped their price target on shares of Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Twelve analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $42.31.

Hedge Funds Weigh In On Waystar

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its holdings in shares of Waystar by 2.1% in 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. Verdence Capital Advisors LLC boosted its holdings in shares of Waystar by 5.2% in the second quarter. Verdence Capital Advisors LLC now owns 7,076 shares of the company's stock worth $289,000 after buying an additional 348 shares during the period. RiverPark Advisors LLC boosted its holdings in shares of Waystar by 25.5% in the fourth 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. Central Pacific Bank Trust Division acquired a new position in shares of Waystar in the second quarter worth about $33,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Waystar by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company's stock worth $901,000 after buying an additional 960 shares during the period.

About Waystar

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