Waystar Holding Corp. (NASDAQ:WAY) CMO Melissa F. (Missy) Miller Sells 3,400 Shares

Waystar Holding Corp. (NASDAQ:WAY) CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $42.15, for a total transaction of $143,310.00. Following the sale, the chief marketing officer now owns 43,478 shares of the company’s stock, valued at $1,832,597.70. This represents a 7.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Waystar Stock Performance

Shares of WAY stock opened at $42.35 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29. Waystar Holding Corp. has a 52 week low of $20.26 and a 52 week high of $48.11. The firm has a 50 day moving average of $39.55 and a two-hundred day moving average of $32.43.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.11. The firm had revenue of $244.10 million during the quarter, compared to analyst estimates of $232.29 million. On average, equities analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Waystar

A number of hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Waystar in the 4th quarter valued at $1,309,000. Squarepoint Ops LLC raised its holdings in shares of Waystar by 0.8% in the 4th quarter. Squarepoint Ops LLC now owns 201,548 shares of the company’s stock valued at $7,397,000 after purchasing an additional 1,548 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Waystar in the 4th quarter valued at $517,000. Two Sigma Investments LP raised its holdings in shares of Waystar by 652.1% in the 4th quarter. Two Sigma Investments LP now owns 150,186 shares of the company’s stock valued at $5,512,000 after purchasing an additional 130,218 shares in the last quarter. Finally, Sig Brokerage LP acquired a new stake in shares of Waystar in the 4th quarter valued at $1,015,000.

Analyst Upgrades and Downgrades

WAY has been the subject of a number of research analyst reports. Canaccord Genuity Group increased their price objective on shares of Waystar from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday. Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research report on Friday, November 22nd. Evercore ISI increased their price objective on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Royal Bank of Canada increased their price objective on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Eleven 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 MarketBeat, Waystar presently has a consensus rating of “Buy” and a consensus target price of $40.36.

About Waystar

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