Matthew Hawkins Sells 22,462 Shares of Waystar (NASDAQ:WAY) Stock

Waystar Holding Corp. (NASDAQ:WAY) CEO Matthew Hawkins sold 22,462 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $25.04, for a total transaction of $562,448.48. Following the sale, the chief executive officer owned 1,835,081 shares of the company’s stock, valued at approximately $45,950,428.24. This represents a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Waystar Stock Performance

Shares of WAY stock opened at $24.78 on Friday. Waystar Holding Corp. has a 52 week low of $17.26 and a 52 week high of $41.47. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 0.98 and a beta of 0.06. The company has a 50-day simple moving average of $21.62 and a 200 day simple moving average of $22.78. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.85 and a current ratio of 1.85.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in WAY. Kennedy Capital Management LLC raised its position in shares of Waystar by 0.5% in the fourth quarter. Kennedy Capital Management LLC now owns 106,207 shares of the company’s stock valued at $3,478,000 after buying an additional 559 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Waystar by 22.1% in the fourth quarter. Pacer Advisors Inc. now owns 3,144 shares of the company’s stock valued at $103,000 after buying an additional 569 shares during the period. State of Wyoming grew its position in Waystar by 45.1% during the second quarter. State of Wyoming now owns 2,098 shares of the company’s stock worth $86,000 after buying an additional 652 shares in the last quarter. ProShare Advisors LLC grew its position in Waystar by 3.7% during the fourth quarter. ProShare Advisors LLC now owns 21,474 shares of the company’s stock worth $703,000 after buying an additional 764 shares in the last quarter. Finally, Vinva Investment Management Ltd grew its position in Waystar by 9.3% during the fourth quarter. Vinva Investment Management Ltd now owns 9,202 shares of the company’s stock worth $301,000 after buying an additional 786 shares in the last quarter.

Analyst Ratings Changes

WAY has been the topic of a number of recent research reports. Wolfe Research upgraded Waystar to an “outperform” rating in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Waystar in a report on Thursday, July 30th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $32.00 price objective on shares of Waystar in a report on Thursday, April 30th. Truist Financial lowered their price objective on Waystar from $38.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, UBS Group dropped their target price on Waystar from $37.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.