Christopher L. Schremser Sells 8,623 Shares of Waystar Holding Corp. (NASDAQ:WAY) Stock

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CTO Christopher L. Schremser sold 8,623 shares of the company's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $37.63, for a total transaction of $324,483.49. Following the completion of the sale, the chief technology officer directly owned 438,044 shares of the company's stock, valued at $16,483,595.72. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Waystar Trading Down 0.6%

NASDAQ:WAY traded down $0.23 on Friday, hitting $37.41. The stock had a trading volume of 1,003,455 shares, compared to its average volume of 1,405,108. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.39. The stock has a market cap of $6.47 billion and a price-to-earnings ratio of 415.71. The company has a fifty day moving average price of $39.27 and a two-hundred day moving average price of $38.90. Waystar Holding Corp. has a 1-year low of $20.74 and a 1-year high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $256.44 million for 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 firm's revenue was up 14.1% compared to the same quarter last year. Equities research analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Waystar

Large investors have recently added to or reduced their stakes in the business. Deutsche Bank AG increased its position in shares of Waystar by 64.9% in the 4th quarter. Deutsche Bank AG now owns 34,847 shares of the company's stock valued at $1,279,000 after purchasing an additional 13,715 shares during the last quarter. KBC Group NV acquired a new position in shares of Waystar in the 1st quarter valued at $109,000. Amalgamated Bank boosted its holdings in shares of Waystar by 84.1% in the 1st quarter. Amalgamated Bank now owns 2,716 shares of the company's stock valued at $101,000 after buying an additional 1,241 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Waystar in the 4th quarter valued at $1,504,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Waystar in the 1st quarter valued at $378,000.

Analysts Set New Price Targets

A number of analysts recently commented on WAY shares. TD Cowen upgraded shares of Waystar to a "strong-buy" rating in a research note on Thursday, June 5th. Citigroup initiated coverage on shares of Waystar in a report on Wednesday, June 25th. They issued a "buy" rating and a $45.00 price target on the stock. Mizuho initiated coverage on shares of Waystar in a report on Monday, June 30th. They issued an "outperform" rating and a $48.00 price target on the stock. 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 set a $50.00 target price on shares of Waystar and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Twelve analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Waystar currently has a consensus rating of "Buy" and a consensus price target of $42.23.

Waystar Company Profile

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