Christopher Schremser Sells 8,623 Shares of Waystar (NASDAQ:WAY) Stock

Waystar Holding Corp. (NASDAQ:WAY) CTO Christopher Schremser sold 8,623 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $36.12, for a total value of $311,462.76. Following the sale, the chief technology officer directly owned 422,371 shares of the company’s stock, valued at approximately $15,256,040.52. This represents a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Waystar Stock Performance

Waystar stock traded up $0.73 during trading hours on Wednesday, reaching $36.76. 631,720 shares of the stock were exchanged, compared to its average volume of 2,139,361. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.89 and a current ratio of 3.89. The firm’s 50 day moving average is $37.70 and its 200 day moving average is $37.88. Waystar Holding Corp. has a 52-week low of $29.29 and a 52-week high of $48.11. The stock has a market cap of $7.03 billion, a P/E ratio of 59.40, a P/E/G ratio of 0.55 and a beta of 0.64.

Waystar (NASDAQ:WAY) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.34 by $0.03. The business had revenue of $268.65 million during the quarter, compared to analysts’ expectations of $256.12 million. Waystar had a return on equity of 6.83% and a net margin of 10.69%.The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. Waystar has set its FY 2025 guidance at 1.460-1.470 EPS. Analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Waystar

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Waystar by 35.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,289,810 shares of the company’s stock valued at $466,030,000 after acquiring an additional 3,219,586 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Waystar by 0.5% in the third quarter. William Blair Investment Management LLC now owns 5,263,187 shares of the company’s stock valued at $199,580,000 after buying an additional 23,822 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Waystar by 3,883.4% during the 2nd quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock worth $133,601,000 after purchasing an additional 3,186,869 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in Waystar in the 3rd quarter valued at $95,497,000. Finally, JPMorgan Chase & Co. raised its position in Waystar by 152.6% in the third quarter. JPMorgan Chase & Co. now owns 2,489,572 shares of the company’s stock worth $94,405,000 after purchasing an additional 1,504,026 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages recently weighed in on WAY. Robert W. Baird initiated coverage on Waystar in a research report on Friday, September 5th. They issued an “outperform” rating and a $44.00 target price on the stock. Citigroup lifted their price objective on Waystar from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Mizuho upped their price target on shares of Waystar from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Barclays began coverage on shares of Waystar in a report on Tuesday, October 14th. They issued an “overweight” rating and a $50.00 price target on the stock. Finally, Needham & Company LLC began coverage on shares of Waystar in a report on Tuesday. They set a “buy” rating and a $46.00 price objective for the company. Four research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $48.15.

Waystar Company Profile

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