Waystar (NASDAQ:WAY) CEO Matthew Hawkins Sells 22,462 Shares of Stock

Waystar Holding Corp. (NASDAQ:WAY) CEO Matthew Hawkins sold 22,462 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $25.04, for a total transaction of $562,448.48. Following the completion of the transaction, the chief executive officer directly owned 1,835,081 shares of the company’s stock, valued at approximately $45,950,428.24. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Waystar Stock Up 2.2%

Shares of NASDAQ WAY opened at $25.08 on Friday. The firm’s 50-day moving average is $21.52 and its 200-day moving average is $22.76. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36. Waystar Holding Corp. has a 1 year low of $17.26 and a 1 year high of $41.47. The firm has a market capitalization of $4.81 billion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 0.96 and a beta of 0.06.

Waystar (NASDAQ:WAY) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $319.67 million during the quarter, compared to analysts’ expectations of $316.21 million. Waystar had a return on equity of 7.03% and a net margin of 11.18%.Waystar’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 EPS. Equities analysts expect that Waystar Holding Corp. will post 1.47 EPS for the current year.

Hedge Funds Weigh In On Waystar

A number of hedge funds have recently added to or reduced their stakes in WAY. Root Financial Partners LLC boosted its holdings in shares of Waystar by 6,475.0% in the 1st quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock worth $25,000 after buying an additional 1,036 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Waystar by 6,005.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock valued at $38,000 after purchasing an additional 1,141 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Waystar by 3,219.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $57,000 after acquiring an additional 1,352 shares during the period. Essential Partners LLC boosted its holdings in Waystar by 1,432.7% in the 1st quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock valued at $37,000 after purchasing an additional 1,447 shares during the period. Finally, Danske Bank A S purchased a new position in Waystar during the fourth quarter worth about $52,000.

Analysts Set New Price Targets

Several analysts have issued reports on WAY shares. Barclays upped their price target on shares of Waystar from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $39.00 price target on shares of Waystar in a report on Friday, July 31st. Weiss Ratings cut Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. Wall Street Zen downgraded shares of Waystar from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Wolfe Research raised Waystar to an “outperform” rating in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Waystar Company Profile

Waystar (NASDAQ:WAY) is a leading provider of cloud-based revenue cycle management and payment solutions for healthcare organizations. The company’s unified platform streamlines the entire financial continuum of patient care, from eligibility verification and claim submission to payment reconciliation and patient billing. By automating key processes and improving claim accuracy, Waystar helps providers reduce administrative overhead, accelerate cash flow and enhance overall revenue performance.

At the core of Waystar’s offering is a SaaS-based architecture that integrates seamlessly with existing electronic health record (EHR) systems and payer networks.