Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CFO Steven M. Oreskovich sold 16,666 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $33.89, for a total transaction of $564,810.74. Following the completion of the sale, the chief financial officer now owns 173,642 shares of the company's stock, valued at $5,884,727.38. This trade represents a 8.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Waystar Stock Performance
Shares of Waystar stock opened at $35.36 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $35.42. The company's fifty day moving average price is $29.91.
Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $240.10 million during the quarter, compared to analysts' expectations of $223.82 million. The firm's revenue was up 21.7% on a year-over-year basis. On average, equities research analysts forecast that Waystar Holding Corp. will post 0.03 earnings per share for the current year.
Analyst Ratings Changes
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A number of analysts recently weighed in on the stock. Raymond James raised shares of Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 price objective on the stock in a research report on Friday, November 22nd. Canaccord Genuity Group boosted their price objective on Waystar from $30.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on Waystar from $34.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Bank of America lifted their target price on Waystar from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Waystar from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, August 19th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $32.90.
Check Out Our Latest Stock Report on WAY
Institutional Trading of Waystar
Several hedge funds and other institutional investors have recently bought and sold shares of WAY. Geode Capital Management LLC raised its position in shares of Waystar by 697.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company's stock worth $30,724,000 after acquiring an additional 963,316 shares in the last quarter. M&T Bank Corp raised its holdings in Waystar by 116.6% in the third quarter. M&T Bank Corp now owns 63,746 shares of the company's stock worth $1,778,000 after purchasing an additional 34,316 shares in the last quarter. Barclays PLC lifted its position in shares of Waystar by 701.7% during the third quarter. Barclays PLC now owns 64,934 shares of the company's stock valued at $1,811,000 after buying an additional 56,834 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Waystar in the 3rd quarter valued at about $222,000. Finally, Jane Street Group LLC purchased a new position in shares of Waystar in the 3rd quarter worth approximately $539,000.
About Waystar
(
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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