Waystar Holding Corp. (NASDAQ:WAY) CEO Sells $1,617,478.22 in Stock

Key Points

• Waystar Holding Corp. CEO Matthew J. Hawkins sold 46,667 shares of stock for a total of $1,617,478.22, reducing his ownership in the company by 5.76%.
• The company reported quarterly earnings of $0.36 per share, exceeding analysts' expectations of $0.33, with a revenue of $270.65 million, up 15.4% year-over-year.
• Waystar has received favorable ratings from analysts, with a consensus rating of "Buy" and an average price target of $42.31, despite some recent target price adjustments.

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CEO Matthew J. Hawkins sold 46,667 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $34.66, for a total transaction of $1,617,478.22. Following the transaction, the chief executive officer directly owned 764,131 shares of the company's stock, valued at approximately $26,484,780.46. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Waystar Trading Up 0.3%

Shares of NASDAQ:WAY traded up $0.10 during mid-day trading on Tuesday, hitting $34.58. The stock had a trading volume of 1,464,674 shares, compared to its average volume of 1,765,573. Waystar Holding Corp. has a 12-month low of $24.53 and a 12-month high of $48.11. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.43 and a current ratio of 3.43. The company has a market cap of $6.03 billion, a PE ratio of 35.55, a P/E/G ratio of 0.63 and a beta of 0.79. The company's 50 day moving average is $37.82 and its 200-day moving average is $38.71.

Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. Waystar had a net margin of 8.50% and a return on equity of 5.65%. The business had revenue of $270.65 million for the quarter, compared to the consensus estimate of $255.26 million. During the same quarter last year, the firm earned $0.04 EPS. Waystar's revenue for the quarter was up 15.4% on a year-over-year basis. On average, sell-side analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on WAY. Barclays lowered their target price on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Truist Financial boosted their price objective on shares of Waystar from $50.00 to $51.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. TD Cowen upgraded shares of Waystar to a "strong-buy" rating in a research note on Thursday, June 5th. Canaccord Genuity Group dropped their price objective on shares of Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Mizuho assumed coverage on shares of Waystar in a research report on Monday, June 30th. They issued an "outperform" rating and a $48.00 target price for the company. Twelve research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $42.31.

Institutional Trading of Waystar

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Central Pacific Bank Trust Division bought a new position in shares of Waystar during the 2nd quarter worth about $33,000. Nisa Investment Advisors LLC lifted its holdings in Waystar by 50.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company's stock valued at $44,000 after purchasing an additional 358 shares during the last quarter. State of Wyoming acquired a new position in Waystar in the first quarter valued at about $54,000. Quarry LP acquired a new position in Waystar in the first quarter valued at about $60,000. Finally, Gen Wealth Partners Inc acquired a new position in Waystar in the fourth quarter valued at about $92,000.

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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