Waystar (NASDAQ:WAY) CEO Matthew Hawkins Sells 82,500 Shares of Company Stock

Waystar Holding Corp. (NASDAQ:WAY) CEO Matthew Hawkins sold 82,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $28.75, for a total value of $2,371,875.00. Following the completion of the sale, the chief executive officer owned 1,804,794 shares of the company’s stock, valued at approximately $51,887,827.50. This trade represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Waystar Price Performance

Waystar stock opened at $29.30 on Wednesday. The stock’s fifty day moving average price is $26.66 and its two-hundred day moving average price is $23.94. Waystar Holding Corp. has a one year low of $17.26 and a one year high of $37.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market cap of $5.64 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 1.21 and a beta of 0.11.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $325.62 million during the quarter, compared to analysts’ expectations of $323.43 million. Waystar had a return on equity of 6.91% and a net margin of 10.70%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 EPS. As a group, research analysts expect that Waystar Holding Corp. will post 1.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WAY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $39.00 price target on shares of Waystar in a research note on Friday, July 31st. Truist Financial upped their price objective on shares of Waystar from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. UBS Group reduced their price objective on shares of Waystar from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Weiss Ratings raised shares of Waystar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Finally, Wells Fargo & Company decreased their target price on shares of Waystar from $36.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Waystar currently has an average rating of “Moderate Buy” and a consensus price target of $35.23.

Institutional Investors Weigh In On Waystar

Several hedge funds and other institutional investors have recently made changes to their positions in WAY. Salomon & Ludwin LLC lifted its stake in Waystar by 310.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,010 shares of the company’s stock valued at $26,000 after purchasing an additional 764 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Waystar during the third quarter worth $36,000. Essential Partners LLC grew its stake in shares of Waystar by 1,432.7% during the first quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock worth $37,000 after buying an additional 1,447 shares during the last quarter. Silver Grove Financial Group Inc. increased its holdings in shares of Waystar by 48.4% during the third quarter. Silver Grove Financial Group Inc. now owns 1,589 shares of the company’s stock worth $40,000 after buying an additional 518 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Waystar by 20.9% during the third quarter. GAMMA Investing LLC now owns 2,692 shares of the company’s stock worth $68,000 after buying an additional 465 shares in the last quarter.

Waystar Company Profile

Waystar provides cloud-based healthcare payment and revenue cycle management software. Its platform helps healthcare organizations manage administrative and financial processes, including claims submission, payment processing, patient billing, and revenue collection. The company’s products support providers in identifying and addressing claim denials, checking patient eligibility, estimating costs, collecting payments, and analyzing revenue cycle performance. Waystar serves a range of healthcare organizations, including hospitals, health systems, physician groups, and other medical providers, primarily in the United States.