Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CTO Christopher L. Schremser sold 8,623 shares of the company's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $40.49, for a total value of $349,145.27. Following the completion of the transaction, the chief technology officer directly owned 422,371 shares in the company, valued at $17,101,801.79. This trade represents a 2.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Waystar Stock Up 0.6%
Shares of WAY stock traded up $0.24 during mid-day trading on Tuesday, hitting $38.25. The stock had a trading volume of 3,861,637 shares, compared to its average volume of 1,930,723. Waystar Holding Corp. has a 12-month low of $26.26 and a 12-month high of $48.11. 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 $36.76 and its two-hundred day moving average is $37.84. The firm has a market capitalization of $6.66 billion, a P/E ratio of 79.69, a price-to-earnings-growth ratio of 0.68 and a beta of 0.78.
Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. Waystar had a return on equity of 5.65% and a net margin of 8.50%.The business had revenue of $270.65 million for the quarter, compared to the consensus estimate of $255.26 million. During the same quarter in the prior year, the company earned $0.04 EPS. The business'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. On average, analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. grew its stake in Waystar by 3,883.4% during the 2nd quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company's stock valued at $133,601,000 after purchasing an additional 3,186,869 shares during the last quarter. Vanguard Group Inc. boosted its position in Waystar by 62.1% in the first quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company's stock valued at $302,263,000 after buying an additional 3,099,211 shares during the last quarter. Invesco Ltd. increased its holdings in Waystar by 9,107.1% in the 1st quarter. Invesco Ltd. now owns 2,040,285 shares of the company's stock worth $76,225,000 after buying an additional 2,018,125 shares during the period. Norges Bank acquired a new position in Waystar in the 2nd quarter worth approximately $46,577,000. Finally, Ameriprise Financial Inc. increased its holdings in Waystar by 721.4% in the 1st quarter. Ameriprise Financial Inc. now owns 1,202,340 shares of the company's stock worth $44,919,000 after buying an additional 1,055,965 shares during the period.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on WAY shares. TD Cowen upgraded shares of Waystar to a "strong-buy" rating in a research note on Thursday, June 5th. Mizuho initiated coverage on Waystar in a report on Monday, June 30th. They set an "outperform" rating and a $48.00 target price for the company. Baird R W upgraded Waystar to a "strong-buy" rating in a report on Friday, September 5th. Robert W. Baird initiated coverage on Waystar in a research report on Friday, September 5th. They issued an "outperform" rating and a $44.00 price target for the company. Finally, Truist Financial lifted their target price on Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Three equities research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $44.67.
Read Our Latest Analysis on Waystar
About Waystar
(
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Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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