Matthew Hawkins Sells 12,200 Shares of Waystar (NASDAQ:WAY) Stock

Key Points

• CEO Matthew Hawkins of Waystar sold 12,200 shares at an average price of $38.08, totaling $464,576, resulting in a 1.67% decrease in his ownership stake.
• Waystar's recent quarterly earnings showed a net margin of 8.50% and revenue of $270.65 million, exceeding analyst estimates and demonstrating a 15.4% year-over-year increase.
• Analysts maintain an average rating of “Buy” for Waystar, with a consensus price target of $45.14, and some predict earnings per share of 0.39 for the current fiscal year.

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CEO Matthew Hawkins sold 12,200 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $38.08, for a total transaction of $464,576.00. Following the transaction, the chief executive officer directly owned 717,474 shares of the company's stock, valued at approximately $27,321,409.92. This represents a 1.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Waystar Trading Down 2.3%

Shares of WAY traded down $0.87 during mid-day trading on Wednesday, reaching $36.90. The company's stock had a trading volume of 674,661 shares, compared to its average volume of 2,071,457. The company's fifty day moving average price is $36.79 and its two-hundred day moving average price is $37.73. Waystar Holding Corp. has a 52 week low of $26.56 and a 52 week high of $48.11. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.39. The stock has a market cap of $6.43 billion, a PE ratio of 76.86, a P/E/G ratio of 0.69 and a beta of 0.78.

Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Waystar had a net margin of 8.50% and a return on equity of 5.65%. The company had revenue of $270.65 million during the quarter, compared to analyst estimates of $255.26 million. During the same period last year, the business earned $0.04 EPS. Waystar's quarterly 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. On average, analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Robert W. Baird began coverage on shares of Waystar in a research report on Friday, September 5th. They issued an "outperform" rating and a $44.00 price target on the stock. Truist Financial upped their price objective on shares of Waystar from $50.00 to $51.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Wall Street Zen lowered shares of Waystar from a "buy" rating to a "hold" rating in a research report on Saturday. Citizens Jmp began coverage on shares of Waystar in a research report on Thursday, September 18th. They issued a "mkt outperform" rating and a $48.00 price objective for the company. Finally, JMP Securities assumed coverage on shares of Waystar in a report on Thursday, September 18th. They issued a "market outperform" rating and a $48.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $45.14.

Institutional Trading of Waystar

Large investors have recently made changes to their positions in the stock. Central Pacific Bank Trust Division bought a new stake in Waystar during the 2nd quarter worth approximately $33,000. Nisa Investment Advisors LLC raised its stake in Waystar by 50.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company's stock worth $44,000 after buying an additional 358 shares during the period. State of Wyoming acquired a new stake in shares of Waystar in the 1st quarter valued at about $54,000. EverSource Wealth Advisors LLC raised its stake in shares of Waystar by 3,219.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company's stock valued at $57,000 after purchasing an additional 1,352 shares during the period. Finally, Quarry LP acquired a new stake in shares of Waystar in the first quarter valued at about $60,000.

Waystar Company Profile

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

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