Steven M. Oreskovich Sells 16,666 Shares of Waystar Holding Corp. (NASDAQ:WAY) Stock

Waystar Holding Corp. (NASDAQ:WAY) 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 value of $564,810.74. Following the transaction, the chief financial officer now directly owns 173,642 shares in the company, valued at approximately $5,884,727.38. The trade was a 8.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Waystar Price Performance

NASDAQ WAY opened at $35.49 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29. Waystar Holding Corp. has a 52-week low of $20.26 and a 52-week high of $35.98. The business’s 50-day moving average price is $30.08.

Waystar (NASDAQ:WAY) last issued its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $223.82 million. Waystar’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, analysts predict that Waystar Holding Corp. will post 0.03 EPS for the current year.

Institutional Investors Weigh In On Waystar

Several institutional investors have recently made changes to their positions in WAY. Canada Pension Plan Investment Board purchased a new stake in shares of Waystar during the 2nd quarter worth approximately $800,003,000. Deerfield Management Company L.P. Series C purchased a new stake in Waystar during the second quarter worth $106,468,000. TPG GP A LLC acquired a new stake in Waystar in the second quarter valued at $85,910,000. ArrowMark Colorado Holdings LLC increased its position in shares of Waystar by 36.5% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,402,294 shares of the company’s stock valued at $94,890,000 after buying an additional 909,715 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Waystar during the 2nd quarter worth $28,357,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WAY shares. Royal Bank of Canada raised their price target on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Bank of America raised their target price on shares of Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Raymond James upgraded shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target for the company in a research report on Friday, November 22nd. The Goldman Sachs Group raised their price objective on shares of Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Canaccord Genuity Group upped their target price on shares of Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $32.90.

About Waystar

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