Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) insider T. Craig Bridge sold 85,000 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $37.09, for a total value of $3,152,650.00. Following the completion of the sale, the insider directly owned 682,843 shares of the company's stock, valued at $25,326,646.87. This represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Waystar Stock Down 2.7%
NASDAQ:WAY traded down $0.98 during trading hours on Friday, reaching $36.00. The company's stock had a trading volume of 643,875 shares, compared to its average volume of 1,853,344. The stock has a 50 day moving average price of $38.75 and a two-hundred day moving average price of $38.90. The company has a market capitalization of $6.27 billion and a P/E ratio of 400.10. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.12 and a current ratio of 3.12. Waystar Holding Corp. has a 12 month low of $20.74 and a 12 month high of $48.11.
Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, meeting 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 for the quarter, compared to analyst estimates of $248.47 million. Waystar's revenue was up 14.1% on a year-over-year basis. Equities analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have weighed in on WAY. Canaccord Genuity Group reduced their target price on Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Truist Financial boosted their price target on Waystar from $50.00 to $51.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Mizuho initiated coverage on Waystar in a research note on Monday, June 30th. They set an "outperform" rating and a $48.00 target price on the stock. TD Cowen upgraded Waystar to a "strong-buy" rating in a research note on Thursday, June 5th. Finally, Barclays dropped their price target on Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Twelve analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $42.31.
Check Out Our Latest Analysis on Waystar
Hedge Funds Weigh In On Waystar
Hedge funds have recently made changes to their positions in the stock. Teacher Retirement System of Texas grew its position in Waystar by 107.9% during the first quarter. Teacher Retirement System of Texas now owns 40,042 shares of the company's stock worth $1,496,000 after buying an additional 20,780 shares during the period. Amalgamated Bank lifted its holdings in shares of Waystar by 84.1% in the first quarter. Amalgamated Bank now owns 2,716 shares of the company's stock valued at $101,000 after purchasing an additional 1,241 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Waystar in the first quarter valued at about $212,000. Deutsche Bank AG lifted its holdings in shares of Waystar by 64.9% in the fourth 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 in the last quarter. Finally, KBC Group NV purchased a new position in shares of Waystar during the first quarter valued at approximately $109,000.
About Waystar
(
Get Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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