Waystar (NASDAQ:WAY) CFO Steven Oreskovich Sells 16,666 Shares

Key Points

• Waystar CFO Steven Oreskovich sold 16,666 shares at an average price of $40.49, totaling approximately $674,806, reducing his ownership stake by 4.49% to 354,512 shares.
• Waystar's stock has fallen 5.4% following the CFO's sale, falling to $38.31, with the company trading at a market cap of $6.67 billion.
• Research analysts have generally rated Waystar favorably, with a consensus "Buy" rating and a price target averaging $44.67, following recent positive earnings reports that exceeded expectations.

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CFO Steven Oreskovich sold 16,666 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $40.49, for a total value of $674,806.34. Following the completion of the transaction, the chief financial officer directly owned 354,512 shares in the company, valued at $14,354,190.88. The trade was a 4.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Waystar Trading Down 5.4%

NASDAQ:WAY traded down $2.19 during mid-day trading on Thursday, hitting $38.31. The company had a trading volume of 6,680,295 shares, compared to its average volume of 1,880,576. Waystar Holding Corp. has a fifty-two week low of $26.15 and a fifty-two week high of $48.11. The business's fifty day moving average is $36.83 and its two-hundred day moving average is $37.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.43 and a current ratio of 3.43. The firm has a market cap of $6.67 billion, a P/E ratio of 79.82, a P/E/G ratio of 0.75 and a beta of 0.78.

Waystar (NASDAQ:WAY - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. Waystar had a return on equity of 5.65% and a net margin of 8.50%.The firm had revenue of $270.65 million for the quarter, compared to analyst estimates of $255.26 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The company's quarterly revenue was up 15.4% on a year-over-year basis. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. As a group, research analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

WAY has been the topic of several analyst reports. Citigroup initiated coverage on Waystar in a research note on Wednesday, June 25th. They issued a "buy" rating and a $45.00 target price on the stock. Truist Financial raised 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. TD Cowen raised Waystar to a "strong-buy" rating in a research report on Thursday, June 5th. Robert W. Baird initiated coverage on Waystar in a research report on Friday, September 5th. They set an "outperform" rating and a $44.00 price target on the stock. Finally, Baird R W raised Waystar to a "strong-buy" rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $44.67.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Northern Trust Corp grew its stake in Waystar by 4.9% in the fourth quarter. Northern Trust Corp now owns 376,005 shares of the company's stock valued at $13,799,000 after purchasing an additional 17,398 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Waystar by 76.3% in the fourth quarter. Ameriprise Financial Inc. now owns 146,375 shares of the company's stock valued at $5,372,000 after purchasing an additional 63,326 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Waystar by 22.8% in the fourth quarter. BNP Paribas Financial Markets now owns 44,301 shares of the company's stock valued at $1,626,000 after purchasing an additional 8,231 shares in the last quarter. Bank of America Corp DE grew its stake in Waystar by 263.2% in the fourth quarter. Bank of America Corp DE now owns 1,104,189 shares of the company's stock valued at $40,524,000 after purchasing an additional 800,183 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in 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.

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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