Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) CEO Matthew Hawkins sold 82,500 shares of the stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $28.75, for a total transaction of $2,371,875.00. Following the sale, the chief executive officer directly owned 1,804,794 shares in the company, valued at $51,887,827.50. This trade represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Waystar Stock Performance
Shares of NASDAQ:WAY traded up $0.12 during trading on Tuesday, reaching $29.30. 1,213,316 shares of the company’s stock traded hands, compared to its average volume of 2,530,254. The company has a 50 day moving average of $26.60 and a 200-day moving average of $23.94. The stock has a market capitalization of $5.64 billion, a P/E ratio of 42.46, a price-to-earnings-growth ratio of 1.20 and a beta of 0.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.10 and a quick ratio of 1.85. Waystar Holding Corp. has a 12 month low of $17.26 and a 12 month high of $37.51.
Waystar (NASDAQ:WAY – Get Free Report) last released its earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $325.62 million during the quarter, compared to analyst estimates of $323.43 million. Waystar had a net margin of 10.70% and a return on equity of 6.91%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 earnings per share. On average, equities analysts expect that Waystar Holding Corp. will post 1.43 EPS for the current year.
Institutional Trading of Waystar
A number of hedge funds have recently modified their holdings of WAY. Voya Investment Management LLC raised its stake in shares of Waystar by 8.7% during the 3rd quarter. Voya Investment Management LLC now owns 55,412 shares of the company’s stock worth $1,404,000 after purchasing an additional 4,458 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of Waystar by 116.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 854,971 shares of the company’s stock valued at $22,409,000 after buying an additional 459,573 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Waystar in the 3rd quarter valued at approximately $11,733,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of Waystar by 2.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 28,697 shares of the company’s stock valued at $728,000 after buying an additional 750 shares in the last quarter. Finally, Drive Wealth Management LLC increased its holdings in Waystar by 33.5% in the third quarter. Drive Wealth Management LLC now owns 55,409 shares of the company’s stock worth $1,404,000 after buying an additional 13,902 shares during the last quarter.
Wall Street Analysts Forecast Growth
WAY has been the topic of a number of recent research reports. TD Cowen decreased their target price on Waystar from $42.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, November 3rd. Wolfe Research raised Waystar to an “outperform” rating in a research note on Thursday, August 13th. Morgan Stanley restated an “equal weight” rating and set a $28.00 price objective on shares of Waystar in a report on Wednesday, September 16th. KeyCorp upped their price objective on shares of Waystar from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, October 16th. Finally, Barclays cut shares of Waystar from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $27.00 to $30.00 in a report on Tuesday, September 15th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Waystar presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.23.
Read Our Latest Analysis on Waystar
About Waystar
Waystar provides cloud-based healthcare payment and revenue cycle management software. Its platform helps healthcare organizations manage administrative and financial processes, including claims submission, payment processing, patient billing, and revenue collection. The company’s products support providers in identifying and addressing claim denials, checking patient eligibility, estimating costs, collecting payments, and analyzing revenue cycle performance. Waystar serves a range of healthcare organizations, including hospitals, health systems, physician groups, and other medical providers, primarily in the United States.
Featured Stories
- Five stocks we like better than Waystar
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
- Don’t Let Their Low Yields Fool You: 3 Dividend Stocks Worth Watching
- A $4 Billion Jolt: NRG Energy Powers Data Center Ambitions
Receive News & Ratings for Waystar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waystar and related companies with MarketBeat.com's FREE daily email newsletter.
