Waystar (NASDAQ:WAY) CEO Matthew Hawkins Sells 60,038 Shares of Stock

Waystar Holding Corp. (NASDAQ:WAY) CEO Matthew Hawkins sold 60,038 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $25.01, for a total transaction of $1,501,550.38. Following the transaction, the chief executive officer directly owned 1,835,081 shares in the company, valued at approximately $45,895,375.81. The trade was a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Waystar Price Performance

WAY opened at $25.08 on Friday. Waystar Holding Corp. has a twelve month low of $17.26 and a twelve month high of $41.47. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 35.83, a PEG ratio of 0.96 and a beta of 0.06. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $21.52 and a 200 day simple moving average of $22.76.

Waystar (NASDAQ:WAY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Waystar had a net margin of 11.18% and a return on equity of 7.03%. The company had revenue of $319.67 million during the quarter, compared to analysts’ expectations of $316.21 million. During the same period in the prior year, the company posted $0.36 EPS. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Equities research analysts expect that Waystar Holding Corp. will post 1.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Waystar

A number of hedge funds have recently added to or reduced their stakes in WAY. BlackRock Inc. acquired a new stake in shares of Waystar during the second quarter worth $357,950,000. Advent International L.P. bought a new position in shares of Waystar in the 4th quarter worth about $362,212,000. Alliancebernstein L.P. boosted its holdings in shares of Waystar by 3,883.4% in the 2nd quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock valued at $133,601,000 after buying an additional 3,186,869 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Waystar in the 2nd quarter valued at about $43,314,000. Finally, Alyeska Investment Group L.P. grew its position in shares of Waystar by 4,717.4% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,814,648 shares of the company’s stock valued at $68,811,000 after buying an additional 1,776,979 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WAY shares. Raymond James Financial reiterated a “strong-buy” rating and set a $32.00 target price on shares of Waystar in a research note on Thursday, April 30th. UBS Group cut their price target on shares of Waystar from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Citigroup reiterated a “buy” rating on shares of Waystar in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $39.00 price objective on shares of Waystar in a report on Friday, July 31st. Finally, Wells Fargo & Company dropped their target price on shares of Waystar from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Waystar Company Profile

Waystar (NASDAQ:WAY) is a leading provider of cloud-based revenue cycle management and payment solutions for healthcare organizations. The company’s unified platform streamlines the entire financial continuum of patient care, from eligibility verification and claim submission to payment reconciliation and patient billing. By automating key processes and improving claim accuracy, Waystar helps providers reduce administrative overhead, accelerate cash flow and enhance overall revenue performance.

At the core of Waystar’s offering is a SaaS-based architecture that integrates seamlessly with existing electronic health record (EHR) systems and payer networks.