Waystar (NASDAQ:WAY) Stock: Insider Matthew Hawkins Sells 82,500 Shares

Key Points

• CEO Matthew Hawkins sold 82,500 shares for about $2.37 million at an average price of $28.75 under a pre-arranged Rule 10b5-1 plan. He retained 1,804,794 shares after the sale.
• Waystar beat quarterly expectations, reporting EPS of $0.44 versus $0.41 forecast and revenue of $325.62 million; revenue rose 21.2% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $35.23. Shares rose 0.4% to $29.30 on Tuesday.

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CEO Matthew Hawkins sold 82,500 shares of the business's stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $28.75, for a total value of $2,371,875.00. Following the completion of the transaction, the chief executive officer owned 1,804,794 shares in the company, valued at approximately $51,887,827.50. This trade represents a 4.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Waystar Stock Up 0.4%

WAY traded up $0.12 on Tuesday, reaching $29.30. The company's stock had a trading volume of 1,213,316 shares, compared to its average volume of 2,530,254. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 42.46, a price-to-earnings-growth ratio of 1.20 and a beta of 0.11. Waystar Holding Corp. has a 1 year low of $17.26 and a 1 year high of $37.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.10 and a quick ratio of 1.85. The business's 50 day moving average is $26.60 and its 200 day moving average is $23.94.

Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. Waystar had a return on equity of 6.91% and a net margin of 10.70%. The firm had revenue of $325.62 million during the quarter, compared to analyst estimates of $323.43 million. During the same quarter last year, the firm earned $0.37 EPS. Waystar's quarterly revenue was up 21.2% on a year-over-year basis. As a group, research analysts forecast that Waystar Holding Corp. will post 1.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WAY. Canada Pension Plan Investment Board acquired a new position in shares of Waystar in the 2nd quarter worth approximately $390,593,000. BlackRock Inc. acquired a new stake in shares of Waystar during the 2nd quarter valued at approximately $357,950,000. Advent International L.P. acquired a new stake in shares of Waystar during the 2nd quarter valued at approximately $227,060,000. Jupiter Topco LLC bought a new position in Waystar during the second quarter worth $58,960,000. Finally, Bank of America Corp DE bought a new position in Waystar during the second quarter worth $53,031,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WAY. Canaccord Genuity Group lifted their price target on shares of Waystar from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, November 3rd. KeyCorp increased their price objective on shares of Waystar from $30.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, October 16th. Citigroup reiterated a "buy" rating on shares of Waystar in a research note on Monday, July 20th. Truist Financial raised their price objective on shares of Waystar from $33.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, November 4th. Finally, Wolfe Research raised shares of Waystar to an "outperform" rating in a research report on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.23.

About Waystar

Waystar provides cloud-based healthcare payment and revenue cycle management software. Its platform helps healthcare organizations manage administrative and financial processes, including claims submission, payment processing, patient billing, and revenue collection. The company's products support providers in identifying and addressing claim denials, checking patient eligibility, estimating costs, collecting payments, and analyzing revenue cycle performance. Waystar serves a range of healthcare organizations, including hospitals, health systems, physician groups, and other medical providers, primarily in the United States.

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