Waystar Holding Corp. (NASDAQ:WAY) Receives $40.33 Average PT from Analysts

Waystar Holding Corp. (NASDAQ:WAY) has been assigned a consensus rating of “Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Twelve equities research 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 issued a report on the stock in the last year is $40.33.

A number of research analysts recently commented on the company. Jefferies Financial Group began coverage on Waystar in a research note on Tuesday, February 11th. They issued a “buy” rating and a $51.00 target price for the company. The Goldman Sachs Group lifted their price objective on Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Canaccord Genuity Group lifted their price objective on Waystar from $42.00 to $50.00 and gave the company a “buy” rating in a report on Monday, February 24th. Barclays cut their price objective on Waystar from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, Bank of America lifted their price objective on Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a report on Monday, January 6th.

Insiders Place Their Bets

In other news, CEO Matthew J. Hawkins sold 46,667 shares of the business’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $36.36, for a total transaction of $1,696,812.12. Following the completion of the transaction, the chief executive officer now directly owns 500,000 shares in the company, valued at approximately $18,180,000. The trade was a 8.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $42.15, for a total value 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 disclosure for this sale can be found here. In the last three months, insiders sold 13,411,461 shares of company stock valued at $528,743,995.

Hedge Funds Weigh In On Waystar

Institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC acquired a new position in shares of Waystar during the 4th quarter worth about $25,000. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Waystar in the 4th quarter valued at approximately $48,000. Gen Wealth Partners Inc acquired a new position in shares of Waystar in the 4th quarter valued at approximately $92,000. Amalgamated Bank grew its position in shares of Waystar by 84.1% in the 1st quarter. Amalgamated Bank now owns 2,716 shares of the company’s stock valued at $101,000 after purchasing an additional 1,241 shares during the period. Finally, KBC Group NV acquired a new position in shares of Waystar in the 1st quarter valued at approximately $109,000.

Waystar Trading Up 0.4 %

Shares of WAY opened at $37.17 on Monday. 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 has a one year low of $20.26 and a one year high of $48.11. The company’s fifty day moving average price is $37.84 and its 200 day moving average price is $35.85.

Waystar (NASDAQ:WAY) last released its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.11. The company had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. Equities research analysts anticipate that Waystar will post 0.39 earnings per share for the current year.

About Waystar

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