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 that occurred on Wednesday, June 25th. The stock was 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 of the company's stock, valued at approximately $19,742,791.40. This trade represents a 1.94% 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 Stock Up 1.2%
Shares of NASDAQ:WAY traded up $0.49 during midday trading on Friday, hitting $39.76. 4,021,749 shares of the company's stock traded hands, compared to its average volume of 1,393,184. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.12 and a current ratio of 3.12. The company has a market cap of $6.88 billion and a PE ratio of 441.83. The firm's fifty day moving average price is $38.98 and its two-hundred day moving average price is $38.67. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $48.11.
Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, meeting analysts' consensus estimates of $0.32. The company had revenue of $256.44 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. On average, equities research analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.
Institutional Investors Weigh In On Waystar
A number of institutional investors have recently modified their holdings of WAY. Voya Investment Management LLC boosted its holdings in Waystar by 64.0% in the first quarter. Voya Investment Management LLC now owns 20,302 shares of the company's stock worth $758,000 after purchasing an additional 7,925 shares during the period. Rhumbline Advisers increased its stake in Waystar by 88.1% during the first quarter. Rhumbline Advisers now owns 113,177 shares of the company's stock valued at $4,228,000 after purchasing an additional 53,021 shares during the last quarter. Strs Ohio bought a new stake in Waystar during the first quarter valued at $1,564,000. Intech Investment Management LLC increased its stake in Waystar by 94.9% during the first quarter. Intech Investment Management LLC now owns 36,622 shares of the company's stock valued at $1,368,000 after purchasing an additional 17,830 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Waystar by 380.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 171,338 shares of the company's stock valued at $6,401,000 after purchasing an additional 135,661 shares during the last quarter.
Wall Street Analyst Weigh In
WAY has been the subject of a number of recent research reports. Citigroup initiated coverage on shares of Waystar in a research note on Wednesday. They set a "buy" rating and a $45.00 price objective for the company. Canaccord Genuity Group lowered their target price 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 shares of Waystar to a "strong-buy" rating in a research note on Thursday, June 5th. Truist Financial set a $50.00 target price on shares of Waystar and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Finally, 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. Thirteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $40.85.
Check Out Our Latest Research Report on WAY
About Waystar
(
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Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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