Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) insider T. Craig Bridge sold 85,000 shares of the company's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $37.09, for a total value of $3,152,650.00. Following the transaction, the insider directly owned 682,843 shares of the company's stock, valued at $25,326,646.87. This trade represents a 11.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Waystar Stock Down 3.1%
Shares of WAY traded down $1.15 during mid-day trading on Friday, reaching $35.83. The company's stock had a trading volume of 1,417,167 shares, compared to its average volume of 1,546,063. The business has a fifty day moving average of $38.68 and a 200 day moving average of $38.90. The company has a market cap of $6.24 billion and a price-to-earnings ratio of 398.16. Waystar Holding Corp. has a 1 year low of $20.74 and a 1 year high of $48.11. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.39.
Waystar (NASDAQ:WAY - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.32. The company had revenue of $256.44 million during the quarter, compared to analyst estimates of $248.47 million. Waystar had a return on equity of 3.10% and a net margin of 2.67%. The company's revenue was up 14.1% compared to the same quarter last year. As a group, analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on WAY shares. Barclays decreased their price objective on Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Truist Financial increased their price objective on Waystar from $50.00 to $51.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Mizuho started coverage on Waystar in a report on Monday, June 30th. They issued an "outperform" rating and a $48.00 price objective for the company. Canaccord Genuity Group decreased their price objective on Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, TD Cowen upgraded Waystar to a "strong-buy" rating in a research report on Thursday, June 5th. Twelve equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $42.31.
Read Our Latest Stock Analysis on WAY
Hedge Funds Weigh In On Waystar
Hedge funds have recently bought and sold shares of the business. Central Pacific Bank Trust Division bought a new stake in Waystar during the 2nd quarter valued at approximately $33,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Waystar during the fourth quarter worth about $48,000. State of Wyoming acquired a new stake in Waystar during the first quarter worth about $54,000. Quarry LP acquired a new stake in Waystar during the first quarter worth about $60,000. Finally, Gen Wealth Partners Inc bought a new position in Waystar during the fourth quarter worth about $92,000.
Waystar Company Profile
(
Get Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
Featured Articles
Before you consider Waystar, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waystar wasn't on the list.
While Waystar currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access