Waystar Holding Corp. (NASDAQ:WAY) Receives $40.36 Average PT from Analysts

Waystar Holding Corp. (NASDAQ:WAY) has received an average rating of “Buy” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $40.75.

A number of equities analysts have recently commented on the stock. Bank of America lifted their price target on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Canaccord Genuity Group upped their price target on Waystar from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Jefferies Financial Group initiated coverage on Waystar in a research report on Tuesday, February 11th. They set a “buy” rating and a $51.00 price objective for the company. The Goldman Sachs Group increased their target price on shares of Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Finally, 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 note on Friday, November 22nd.

Waystar Stock Performance

Shares of WAY stock opened at $36.47 on Friday. Waystar has a twelve month low of $20.26 and a twelve month high of $48.11. The stock’s fifty day simple moving average is $40.13 and its 200 day simple moving average is $33.57. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.11. The firm had revenue of $244.10 million for the quarter, compared to the consensus estimate of $232.29 million. On average, sell-side analysts predict that Waystar will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $42.15, for a total transaction of $143,310.00. Following the transaction, the chief marketing officer now owns 43,478 shares of the company’s stock, valued at $1,832,597.70. The trade was a 7.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider T. Craig Bridge sold 182,914 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $42.15, for a total value of $7,709,825.10. Following the completion of the sale, the insider now directly owns 519,658 shares of the company’s stock, valued at $21,903,584.70. The trade was a 26.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,356,171 shares of company stock worth $526,733,651 over the last three months.

Institutional Investors Weigh In On Waystar

A number of institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Waystar during the 4th quarter worth $1,309,000. Squarepoint Ops LLC raised its position in Waystar by 0.8% in the fourth quarter. Squarepoint Ops LLC now owns 201,548 shares of the company’s stock worth $7,397,000 after acquiring an additional 1,548 shares during the period. Two Sigma Advisers LP purchased a new position in Waystar in the fourth quarter valued at about $517,000. Two Sigma Investments LP grew its position in shares of Waystar by 652.1% during the 4th quarter. Two Sigma Investments LP now owns 150,186 shares of the company’s stock valued at $5,512,000 after acquiring an additional 130,218 shares during the period. Finally, Sig Brokerage LP purchased a new stake in shares of Waystar during the 4th quarter worth approximately $1,015,000.

About Waystar

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