Paul G. Moskowitz Sells 451,837 Shares of Waystar Holding Corp. (NASDAQ:WAY) Stock

Waystar Holding Corp. (NASDAQ:WAYGet Free Report) Director Paul G. Moskowitz sold 451,837 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $37.39, for a total transaction of $16,894,185.43. Following the sale, the director now directly owns 18,055,049 shares of the company’s stock, valued at approximately $675,078,282.11. This represents a 2.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Waystar Stock Up 0.2%

NASDAQ WAY opened at $39.65 on Wednesday. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $48.11. 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 stock has a market cap of $6.86 billion and a PE ratio of 440.56. The stock’s 50 day moving average is $37.78 and its 200 day moving average is $37.09.

Waystar (NASDAQ:WAYGet Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $256.44 million during the quarter, compared to analysts’ expectations of $248.47 million. Waystar’s revenue was up 14.1% compared to the same quarter last year. Research analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on Waystar

Institutional Trading of Waystar

Several hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC grew its position in shares of Waystar by 94.9% during the first quarter. Intech Investment Management LLC now owns 36,622 shares of the company’s stock valued at $1,368,000 after purchasing an additional 17,830 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Waystar by 380.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 171,338 shares of the company’s stock valued at $6,401,000 after buying an additional 135,661 shares during the last quarter. Zimmer Partners LP purchased a new position in Waystar during the 1st quarter valued at approximately $11,208,000. Voleon Capital Management LP grew its holdings in Waystar by 26.9% during the 1st quarter. Voleon Capital Management LP now owns 28,023 shares of the company’s stock valued at $1,047,000 after buying an additional 5,941 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Waystar by 13.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 747,268 shares of the company’s stock worth $27,918,000 after acquiring an additional 88,256 shares during the last quarter.

Waystar Company Profile

(Get Free Report)

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

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Insider Buying and Selling by Quarter for Waystar (NASDAQ:WAY)

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