Waystar (NASDAQ:WAY) Insider Eric L. (Ric) Sinclair III Sells 19,404 Shares

Key Points

• Waystar insider Eric (Ric) Sinclair III sold 19,404 shares at an average price of $40.03, totaling $776,742.12, reducing his ownership by 3.93%.
• The company's quarterly earnings showed an EPS of $0.36, surpassing estimates of $0.33, with a revenue of $270.65 million, reflecting a 15.4% increase year-over-year.
• Waystar has a consensus rating of "Buy" from analysts, with an average price target of $44.67 per share, as several brokerages have recently upgraded their ratings.

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) insider Eric L. (Ric) Sinclair III sold 19,404 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $40.03, for a total value of $776,742.12. Following the completion of the sale, the insider owned 474,826 shares of the company's stock, valued at $19,007,284.78. This trade represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Waystar Trading Up 1.7%

Shares of Waystar stock traded up $0.65 during trading hours on Monday, hitting $38.01. The company's stock had a trading volume of 3,984,781 shares, compared to its average volume of 1,919,674. Waystar Holding Corp. has a 12 month low of $26.26 and a 12 month high of $48.11. The stock has a 50 day moving average of $36.78 and a 200 day moving average of $37.88. The company has a market capitalization of $6.62 billion, a PE ratio of 79.19, a price-to-earnings-growth ratio of 0.68 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.

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

Institutional Trading of Waystar

Hedge funds and other institutional investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division bought a new stake in shares of Waystar during the 2nd quarter worth about $33,000. Nisa Investment Advisors LLC boosted its holdings 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 buying an additional 358 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 during the period. State of Wyoming bought a new stake in shares of Waystar during the 1st quarter worth about $54,000. Finally, Quarry LP bought a new stake in shares of Waystar during the 1st quarter worth about $60,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WAY. Robert W. Baird began coverage on Waystar in a report on Friday, September 5th. They issued an "outperform" rating and a $44.00 price objective for the company. TD Cowen upgraded Waystar to a "strong-buy" rating in a report on Thursday, June 5th. Truist Financial raised their price objective on Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Baird R W raised shares of Waystar to a "strong-buy" rating in a report on Friday, September 5th. Finally, Citigroup began coverage on shares of Waystar in a report on Wednesday, June 25th. They issued a "buy" rating and a $45.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $44.67.

Waystar Company Profile

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