Waystar (NASDAQ:WAY) CFO Sells $674,806.34 in Stock

Waystar Holding Corp. (NASDAQ:WAY) CFO Steven Oreskovich sold 16,666 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $40.49, for a total value of $674,806.34. Following the transaction, the chief financial officer directly owned 354,512 shares of the company’s stock, valued at $14,354,190.88. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Waystar Price Performance

Shares of WAY opened at $37.36 on Friday. Waystar Holding Corp. has a 12-month low of $26.26 and a 12-month high of $48.11. The business has a 50-day simple moving average of $36.78 and a two-hundred day simple moving average of $37.91. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.39. The stock has a market cap of $6.51 billion, a PE ratio of 77.83, a PEG ratio of 0.70 and a beta of 0.78.

Waystar (NASDAQ:WAY) last issued its earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Waystar had a return on equity of 5.65% and a net margin of 8.50%.The business had revenue of $270.65 million during the quarter, compared to analysts’ expectations of $255.26 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. Analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Waystar

Several institutional investors and hedge funds have recently made changes to their positions in WAY. Alliancebernstein L.P. boosted its position in shares of Waystar by 3,883.4% during the 2nd quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock valued at $133,601,000 after purchasing an additional 3,186,869 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Waystar by 62.1% during the 1st quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company’s stock valued at $302,263,000 after purchasing an additional 3,099,211 shares in the last quarter. Invesco Ltd. boosted its position in shares of Waystar by 9,107.1% during the 1st quarter. Invesco Ltd. now owns 2,040,285 shares of the company’s stock valued at $76,225,000 after purchasing an additional 2,018,125 shares in the last quarter. Norges Bank bought a new stake in shares of Waystar during the 2nd quarter valued at about $46,577,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Waystar by 721.4% during the 1st quarter. Ameriprise Financial Inc. now owns 1,202,340 shares of the company’s stock valued at $44,919,000 after purchasing an additional 1,055,965 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Baird R W raised Waystar to a “strong-buy” rating in a report on Friday, September 5th. Citigroup initiated coverage on Waystar in a report on Wednesday, June 25th. They issued a “buy” rating and a $45.00 target price for the company. TD Cowen raised Waystar to a “strong-buy” rating in a research note on Thursday, June 5th. Truist Financial increased their price target on Waystar from $50.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Finally, Robert W. Baird initiated coverage on Waystar in a research note on Friday, September 5th. They issued an “outperform” rating and a $44.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $44.67.

About Waystar

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