Waystar (NASDAQ:WAY) CTO Sells $349,145.27 in Stock

Key Points

• Waystar CTO Christopher Schremser sold 8,623 shares of the company's stock for a total of $349,145.27, reducing his ownership by 2.00% to 422,371 shares.
• Waystar's stock is currently rated "Buy" by analysts, with an average price target of $44.67, following several upgrades and ratings changes from brokerages.
• The company reported a quarterly earnings per share of $0.36, beating estimates and showing a 15.4% increase in revenue compared to the previous year.

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CTO Christopher Schremser sold 8,623 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $40.49, for a total transaction of $349,145.27. Following the sale, the chief technology officer directly owned 422,371 shares of the company's stock, valued at approximately $17,101,801.79. This represents a 2.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Waystar Price Performance

NASDAQ WAY traded down $2.19 during trading hours on Thursday, hitting $38.31. 6,680,295 shares of the company's stock traded hands, compared to its average volume of 1,880,576. Waystar Holding Corp. has a 52-week low of $26.15 and a 52-week high of $48.11. The company has a market capitalization of $6.67 billion, a PE ratio of 79.82, a PEG ratio of 0.75 and a beta of 0.78. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.43 and a quick ratio of 3.43. The firm's 50-day moving average is $36.83 and its 200-day moving average is $37.99.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on WAY. Baird R W raised shares of Waystar to a "strong-buy" rating in a research note on Friday, September 5th. Mizuho assumed coverage on shares of Waystar in a research note on Monday, June 30th. They issued an "outperform" rating and a $48.00 price target for the company. Truist Financial increased their price target on shares of Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Citigroup assumed coverage on shares of Waystar in a research note on Wednesday, June 25th. They issued a "buy" rating and a $45.00 price target for the company. Finally, TD Cowen raised shares of Waystar to a "strong-buy" rating in a research note on Thursday, June 5th. Three analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $44.67.

Hedge Funds Weigh In On Waystar

A number of hedge funds have recently made changes to their positions in WAY. Central Pacific Bank Trust Division purchased a new position in shares of Waystar during the 2nd quarter worth approximately $33,000. Nisa Investment Advisors LLC boosted its position in shares of Waystar by 50.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company's stock worth $44,000 after purchasing an additional 358 shares during the period. State of Wyoming purchased a new position in shares of Waystar during the 1st quarter worth approximately $54,000. EverSource Wealth Advisors LLC lifted its holdings in Waystar by 3,219.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company's stock worth $57,000 after buying an additional 1,352 shares in the last quarter. Finally, Quarry LP acquired a new stake in Waystar during the 1st quarter worth approximately $60,000.

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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