Christopher L. Schremser Sells 8,623 Shares of Waystar Holding Corp. (NASDAQ:WAY) Stock

Waystar Holding Corp. (NASDAQ:WAY) CTO Christopher L. Schremser sold 8,623 shares of the stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $36.36, for a total value of $313,532.28. Following the completion of the transaction, the chief technology officer now directly owns 438,044 shares in the company, valued at approximately $15,927,279.84. This represents a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Waystar Stock Down 1.9 %

Shares of NASDAQ WAY opened at $36.58 on Tuesday. The firm has a fifty day simple moving average of $39.40 and a two-hundred day simple moving average of $35.20. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $48.11. 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 issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.15 by $0.11. The company had revenue of $244.10 million during the quarter, compared to analysts’ expectations of $232.29 million. Equities research analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current year.

Institutional Investors Weigh In On Waystar

Hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in Waystar in the fourth quarter worth $25,000. RiverPark Advisors LLC increased its stake in shares of Waystar by 25.5% in the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company’s stock worth $128,000 after acquiring an additional 710 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Waystar by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company’s stock valued at $901,000 after acquiring an additional 960 shares during the period. Russell Investments Group Ltd. boosted its stake in Waystar by 1.8% during the fourth quarter. Russell Investments Group Ltd. now owns 54,096 shares of the company’s stock worth $1,985,000 after acquiring an additional 964 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in Waystar in the fourth quarter worth about $48,000.

Wall Street Analysts Forecast Growth

WAY has been the topic of several recent research reports. Canaccord Genuity Group increased their price objective on Waystar from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, February 24th. The Goldman Sachs Group increased their price target 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. Truist Financial began coverage on shares of Waystar in a report on Friday, March 14th. They issued a “buy” rating and a $45.00 price objective for the company. Bank of America increased their target price on shares of Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Barclays cut their price target on shares of Waystar from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $40.33.

About Waystar

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