Waystar Holding Corp. (NASDAQ:WAY) Insider Sells $390,214.44 in Stock

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) insider Eric L. (Ric) Sinclair III sold 9,702 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $40.22, for a total transaction of $390,214.44. Following the transaction, the insider now directly owns 490,870 shares in the company, valued at $19,742,791.40. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Waystar Stock Performance

NASDAQ:WAY traded up $0.29 on Wednesday, reaching $39.00. 2,218,379 shares of the company's stock were exchanged, compared to its average volume of 1,377,255. The firm has a market cap of $6.75 billion and a price-to-earnings ratio of 80.65. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.12 and a quick ratio of 3.12. The stock has a fifty day simple moving average of $38.81 and a 200-day simple moving average of $38.57. Waystar Holding Corp. has a 52 week low of $20.26 and a 52 week high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. Waystar had a net margin of 2.67% and a return on equity of 3.10%. The company had revenue of $256.44 million during the quarter, compared to the consensus estimate of $248.47 million. The firm's revenue for the quarter was up 14.1% on a year-over-year basis. As a group, sell-side analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Canaccord Genuity Group decreased their price objective on shares of Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. TD Cowen raised Waystar to a "strong-buy" rating in a report on Thursday, June 5th. Citigroup assumed coverage on Waystar in a research report on Wednesday. They set a "buy" rating and a $45.00 price target for the company. Truist Financial set a $50.00 price objective on Waystar and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Barclays decreased their target price on Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Thirteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $40.85.

Hedge Funds Weigh In On Waystar

Several hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new position in Waystar in the 4th quarter worth about $25,000. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Waystar in the fourth quarter worth about $48,000. State of Wyoming bought a new position in shares of Waystar in the first quarter valued at approximately $54,000. Quarry LP bought a new position in shares of Waystar in the first quarter valued at approximately $60,000. Finally, Gen Wealth Partners Inc purchased a new position in Waystar during the fourth quarter valued at approximately $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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