Waystar Holding Corp. (NASDAQ:WAY) CTO Christopher L. Schremser Sells 8,623 Shares of Stock

Waystar Holding Corp. (NASDAQ:WAY) CTO Christopher L. Schremser sold 8,623 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $40.58, for a total value of $349,921.34. Following the completion of the sale, the chief technology officer now owns 438,044 shares of the company’s stock, valued at $17,775,825.52. The trade was a 1.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Waystar Price Performance

WAY stock opened at $40.51 on Thursday. The stock has a market cap of $7.01 billion and a price-to-earnings ratio of 450.11. Waystar Holding Corp. has a fifty-two week low of $20.26 and a fifty-two week high of $48.11. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average price of $38.46 and a 200 day moving average price of $38.03.

Waystar (NASDAQ:WAY) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. The business had revenue of $256.44 million for the quarter, compared to analyst estimates of $248.47 million. The company’s quarterly revenue was up 14.1% on a year-over-year basis. Equities research analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WAY has been the subject of several research reports. Barclays decreased their price target on shares of Waystar from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group increased their target price on shares of Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Canaccord Genuity Group dropped their target price on shares of Waystar from $50.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Truist Financial set a $50.00 price target on Waystar and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Finally, TD Cowen raised shares of Waystar to a “strong-buy” rating in a research note on Thursday, June 5th. Twelve equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $40.50.

Hedge Funds Weigh In On Waystar

Several hedge funds have recently bought and sold shares of WAY. Rhumbline Advisers raised its holdings in Waystar by 88.1% in the 1st quarter. Rhumbline Advisers now owns 113,177 shares of the company’s stock valued at $4,228,000 after acquiring an additional 53,021 shares during the last quarter. Strs Ohio acquired a new position in shares of Waystar during the first quarter worth $1,564,000. Intech Investment Management LLC increased its position in shares of Waystar by 94.9% during the first quarter. Intech Investment Management LLC now owns 36,622 shares of the company’s stock worth $1,368,000 after acquiring an additional 17,830 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Waystar by 380.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 171,338 shares of the company’s stock valued at $6,401,000 after buying an additional 135,661 shares during the last quarter. Finally, Zimmer Partners LP bought a new position in shares of Waystar during the first quarter worth about $11,208,000.

About Waystar

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