Waystar (NASDAQ:WAY) Insider Eric (Ric) Sinclair III Sells 9,701 Shares of Stock

Waystar Holding Corp. (NASDAQ:WAY) insider Eric (Ric) Sinclair III sold 9,701 shares of Waystar stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $36.94, for a total transaction of $358,354.94. Following the transaction, the insider directly owned 474,826 shares in the company, valued at $17,540,072.44. This trade represents a 2.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Waystar Stock Up 1.5%

Shares of NASDAQ WAY opened at $37.52 on Wednesday. The company has a market capitalization of $6.54 billion, a P/E ratio of 78.17, a P/E/G ratio of 0.67 and a beta of 0.69. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.43 and a quick ratio of 3.43. The company has a 50 day simple moving average of $37.41 and a 200-day simple moving average of $37.76. Waystar Holding Corp. has a 1 year low of $26.95 and a 1 year high of $48.11.

Waystar (NASDAQ:WAY) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. Waystar had a return on equity of 5.65% and a net margin of 8.50%.The company had revenue of $270.65 million during the quarter, compared to analyst estimates of $255.26 million. During the same period in the prior year, the business posted $0.04 earnings per share. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. On average, equities research analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Salomon & Ludwin LLC acquired a new position in shares of Waystar in the third quarter worth $25,000. Central Pacific Bank Trust Division acquired a new stake in shares of Waystar in the second quarter valued at $33,000. Nisa Investment Advisors LLC boosted its holdings in Waystar by 50.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock valued at $44,000 after purchasing an additional 358 shares during the period. EverSource Wealth Advisors LLC grew its stake in Waystar by 3,219.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after purchasing an additional 1,352 shares in the last quarter. Finally, State of Wyoming acquired a new position in Waystar during the 1st quarter worth $54,000.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Robert W. Baird started coverage on shares of Waystar in a research note on Friday, September 5th. They set an “outperform” rating and a $44.00 target price for the company. Citigroup started coverage on shares of Waystar in a report on Thursday, September 18th. They issued an “outperform” rating on the stock. Baird R W upgraded shares of Waystar to a “strong-buy” rating in a report on Friday, September 5th. Barclays began coverage on Waystar in a research report on Tuesday, October 14th. They issued an “overweight” rating and a $50.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Waystar in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $45.50.

About Waystar

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