Waystar Holding Corp. (NASDAQ:WAY) CMO Melissa F. (Missy) Miller Sells 3,400 Shares

Waystar Holding Corp. (NASDAQ:WAY) CMO Melissa F. (Missy) Miller sold 3,400 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $42.15, for a total transaction of $143,310.00. Following the transaction, the chief marketing officer now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Waystar Price Performance

WAY opened at $41.77 on Wednesday. Waystar Holding Corp. has a 1-year low of $20.26 and a 1-year high of $48.11. The company has a 50 day simple moving average of $39.40 and a two-hundred day simple moving average of $32.36. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40.

Waystar (NASDAQ:WAY) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.11. The firm had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. As a group, equities analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Hedge Funds Weigh In On Waystar

A number of hedge funds have recently modified their holdings of WAY. JPMorgan Chase & Co. boosted its position in shares of Waystar by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company’s stock worth $37,531,000 after acquiring an additional 96,552 shares during the last quarter. M&T Bank Corp boosted its position in shares of Waystar by 116.6% during the third quarter. M&T Bank Corp now owns 63,746 shares of the company’s stock worth $1,778,000 after acquiring an additional 34,316 shares during the last quarter. Barclays PLC boosted 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 worth $1,811,000 after acquiring an additional 56,834 shares during the last quarter. State Street Corp bought a new position in shares of Waystar during the third quarter worth $16,816,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Waystar during the third quarter worth $10,224,000.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Bank of America upped 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. Evercore ISI upped their target price on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Jefferies Financial Group began coverage on shares of Waystar in a report on Tuesday, February 11th. They set a “buy” rating and a $51.00 target price for the company. Finally, Barclays upped their target price on shares of Waystar from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $40.36.

About Waystar

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