Waystar Holding Corp. (NASDAQ:WAY) Short Interest Update

Waystar Holding Corp. (NASDAQ:WAY) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 5,760,000 shares, an increase of 25.5% from the December 31st total of 4,590,000 shares. Approximately 7.4% of the company’s stock are short sold. Based on an average daily volume of 1,060,000 shares, the short-interest ratio is currently 5.4 days.

Waystar Stock Down 0.0 %

WAY stock opened at $40.69 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29. Waystar has a 52-week low of $20.26 and a 52-week high of $41.19. The company’s 50-day simple moving average is $35.19 and its 200-day simple moving average is $29.61.

Waystar (NASDAQ:WAY) last announced its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $223.82 million. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. As a group, equities analysts predict that Waystar will post 0.03 earnings per share for the current year.

Insider Activity

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of Waystar stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $33.89, for a total value of $564,810.74. Following the transaction, the chief financial officer now directly owns 173,642 shares of the company’s stock, valued at approximately $5,884,727.38. The trade was a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of Waystar

A number of institutional investors and hedge funds have recently modified their holdings of WAY. Amalgamated Bank acquired a new stake in Waystar in the 3rd quarter worth about $41,000. Smithfield Trust Co purchased a new position in shares of Waystar in the third quarter valued at approximately $68,000. RiverPark Advisors LLC acquired a new stake in shares of Waystar in the third quarter worth approximately $78,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Waystar during the second quarter worth approximately $145,000. Finally, Dakota Wealth Management acquired a new position in Waystar in the 4th quarter valued at $264,000.

Analyst Upgrades and Downgrades

WAY has been the subject of several research reports. The Goldman Sachs Group lifted their price objective on shares of Waystar from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Evercore ISI boosted their price target on Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Royal Bank of Canada increased their price target on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Canaccord Genuity Group raised their price target on shares of Waystar from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, Bank of America upped their price objective on shares of Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a report on Monday, January 6th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Waystar has a consensus rating of “Buy” and a consensus price target of $35.10.

Waystar Company Profile

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