Waystar Holding Corp. (NASDAQ:WAY) CMO Sells $133,246.00 in Stock

Waystar Holding Corp. (NASDAQ:WAY) CMO Melissa F. (Missy) Miller sold 3,400 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $39.19, for a total value of $133,246.00. Following the completion of the sale, the chief marketing officer now directly owns 198,556 shares of the company’s stock, valued at approximately $7,781,409.64. This represents a 1.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Waystar Stock Up 0.2%

Shares of Waystar stock opened at $39.34 on Friday. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. The business’s 50 day simple moving average is $37.64 and its 200-day simple moving average is $36.93. The stock has a market capitalization of $6.81 billion and a price-to-earnings ratio of 437.11. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $48.11.

Waystar (NASDAQ:WAY) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. The company had revenue of $256.44 million for the quarter, compared to analyst estimates of $248.47 million. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. Equities research analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Hedge Funds Weigh In On Waystar

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WAY. Barclays PLC grew its holdings in Waystar by 701.7% in the 3rd quarter. Barclays PLC now owns 64,934 shares of the company’s stock worth $1,811,000 after buying an additional 56,834 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in Waystar in the 4th quarter worth approximately $1,905,000. Perpetual Ltd bought a new position in Waystar in the 4th quarter worth approximately $558,000. Dakota Wealth Management bought a new position in Waystar in the 4th quarter worth approximately $264,000. Finally, Entropy Technologies LP bought a new position in Waystar in the 4th quarter worth approximately $289,000.

Analyst Ratings Changes

Several brokerages recently weighed in on WAY. The Goldman Sachs Group boosted their price objective on Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Jefferies Financial Group began coverage on Waystar in a report on Tuesday, February 11th. They issued a “buy” rating and a $51.00 price objective for the company. Canaccord Genuity Group lowered their price objective on Waystar from $50.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Truist Financial set a $50.00 price objective on Waystar and gave the company a “buy” rating in a report on Wednesday, May 7th. Finally, Barclays lowered their price objective on Waystar from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Twelve analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $40.50.

Waystar Company Profile

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