Waystar Holding Corp. (NASDAQ:WAY) Receives $40.33 Consensus Target Price from Analysts

Shares of Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) have been assigned a consensus recommendation of "Buy" from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $40.33.

A number of equities analysts have recently weighed in on WAY shares. The Goldman Sachs Group boosted their price target on Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Barclays reduced their target price on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Truist Financial initiated coverage on shares of Waystar in a research note on Friday, March 14th. They set a "buy" rating and a $45.00 price target on the stock. Jefferies Financial Group started coverage on shares of Waystar in a research note on Tuesday, February 11th. They set a "buy" rating and a $51.00 price objective on the stock. Finally, Canaccord Genuity Group lifted their target price on shares of Waystar from $42.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, February 24th.

Waystar Stock Performance

Shares of NASDAQ:WAY traded up $0.14 during midday trading on Monday, hitting $37.17. 1,857,204 shares of the stock were exchanged, compared to its average volume of 1,381,575. Waystar has a twelve month low of $20.26 and a twelve month high of $48.11. The company has a 50 day moving average price of $37.94 and a 200-day moving average price of $35.84. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40.

Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). As a group, equities analysts expect that Waystar will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of Waystar stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $40.00, for a total transaction of $300,686,720.00. Following the sale, the insider now owns 29,692,286 shares in the company, valued at $1,187,691,440. This trade represents a 20.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider T. Craig Bridge sold 182,914 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $42.15, for a total transaction of $7,709,825.10. Following the completion of the transaction, the insider now owns 519,658 shares of the company's stock, valued at $21,903,584.70. This trade represents a 26.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,411,461 shares of company stock valued at $528,743,995.

Institutional Trading of Waystar

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Stifel Financial Corp acquired a new position in shares of Waystar in the 3rd quarter valued at approximately $204,000. Jane Street Group LLC bought a new position in Waystar during the 3rd quarter valued at $539,000. Barclays PLC boosted its stake in Waystar by 701.7% during the 3rd quarter. Barclays PLC now owns 64,934 shares of the company's stock valued at $1,811,000 after acquiring an additional 56,834 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Waystar by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company's stock worth $37,531,000 after purchasing an additional 96,552 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in shares of Waystar in the 4th quarter worth about $1,905,000.

About Waystar

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