Key Points
- Waystar CTO Christopher Schremser sold 8,623 shares on December 10 at an average price of $30.41 for $262,225.43, leaving him with 422,371 shares (a 2.00% reduction in his position).
- Wall Street consensus is a "Buy" on Waystar with an average target of $48.08, though recent analyst notes are mixed (ratings and targets range roughly from "Hold" to $54).
- Institutional interest is rising—JPMorgan raised its stake by 152.6% to 2,489,572 shares (about $94.4M)—and Waystar has a market cap of $6.21 billion with a one‑year trading range of $29.40–$48.11.
Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CTO Christopher Schremser sold 8,623 shares of the company's stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $30.41, for a total value of $262,225.43. Following the sale, the chief technology officer directly owned 422,371 shares in the company, valued at $12,844,302.11. This represents a 2.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Waystar Price Performance
Shares of NASDAQ WAY opened at $32.46 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.89 and a quick ratio of 3.89. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 52.35, a price-to-earnings-growth ratio of 0.46 and a beta of 0.64. The stock's 50-day moving average is $36.31 and its two-hundred day moving average is $37.23. Waystar Holding Corp. has a 1-year low of $29.40 and a 1-year high of $48.11.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on WAY. Wall Street Zen cut shares of Waystar from a "buy" rating to a "hold" rating in a report on Saturday, November 29th. Citizens Jmp initiated coverage on shares of Waystar in a research report on Thursday, September 18th. They set a "mkt outperform" rating and a $48.00 price objective for the company. Canaccord Genuity Group set a $54.00 price target on Waystar in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Waystar in a research report on Wednesday, October 8th. Finally, Robert W. Baird initiated coverage on Waystar in a research report on Friday, September 5th. They set an "outperform" rating and a $44.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $48.08.
Read Our Latest Stock Analysis on Waystar
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of Waystar by 152.6% during the third quarter. JPMorgan Chase & Co. now owns 2,489,572 shares of the company's stock worth $94,405,000 after purchasing an additional 1,504,026 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in Waystar in the 3rd quarter valued at $442,000. Maven Securities LTD raised its position in Waystar by 110.8% during the 3rd quarter. Maven Securities LTD now owns 52,700 shares of the company's stock worth $1,998,000 after buying an additional 27,700 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Waystar by 25.0% in the 3rd quarter. Captrust Financial Advisors now owns 150,279 shares of the company's stock worth $5,699,000 after acquiring an additional 30,020 shares during the period. Finally, Oberweis Asset Management Inc. lifted its stake in shares of Waystar by 12.3% in the 3rd quarter. Oberweis Asset Management Inc. now owns 836,550 shares of the company's stock worth $31,722,000 after acquiring an additional 91,570 shares during the period.
Waystar Company Profile
(
Get Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
Further Reading
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