Key Points
- CEO Matthew Hawkins sold 60,038 Waystar shares at an average price of $25.01, generating approximately $1.50 million. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his stake by 3.17% to 1,835,081 shares.
- Waystar exceeded quarterly expectations, reporting EPS of $0.43 versus the $0.40 consensus and revenue of $319.67 million, up 18.1% year over year.
- Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $35.00, compared with the stock’s recent price near $25.
Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CEO Matthew Hawkins sold 22,462 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $25.04, for a total value of $562,448.48. Following the sale, the chief executive officer directly owned 1,835,081 shares of the company's stock, valued at approximately $45,950,428.24. This trade represents a 1.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Waystar Trading Up 2.2%
NASDAQ:WAY opened at $25.08 on Friday. The company has a 50-day moving average price of $21.52 and a 200-day moving average price of $22.76. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 35.83, a P/E/G ratio of 0.96 and a beta of 0.06. Waystar Holding Corp. has a 12 month low of $17.26 and a 12 month high of $41.47.
Waystar (NASDAQ:WAY - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. Waystar had a net margin of 11.18% and a return on equity of 7.03%. The firm had revenue of $319.67 million for the quarter, compared to the consensus estimate of $316.21 million. During the same period in the prior year, the firm earned $0.36 EPS. The company's revenue was up 18.1% compared to the same quarter last year. Equities analysts predict that Waystar Holding Corp. will post 1.47 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on WAY shares. Wells Fargo & Company dropped their price objective on shares of Waystar from $36.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. UBS Group decreased their target price on shares of Waystar from $37.00 to $33.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Truist Financial dropped their price target on shares of Waystar from $38.00 to $33.00 and set a "buy" rating for the company in a research report on Thursday. Wolfe Research upgraded shares of Waystar to an "outperform" rating in a research report on Thursday. Finally, Wall Street Zen lowered shares of Waystar from a "buy" rating to a "hold" rating in a report on Sunday, May 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.
Check Out Our Latest Stock Analysis on Waystar
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Waystar in the 2nd quarter valued at $357,950,000. Vanguard Group Inc. lifted its position in shares of Waystar by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 12,330,872 shares of the company's stock worth $403,836,000 after purchasing an additional 41,062 shares during the last quarter. Advent International L.P. bought a new stake in shares of Waystar during the fourth quarter worth $362,212,000. William Blair Investment Management LLC boosted its stake in shares of Waystar by 0.4% during the fourth quarter. William Blair Investment Management LLC now owns 5,282,220 shares of the company's stock valued at $172,993,000 after purchasing an additional 19,033 shares during the period. Finally, State Street Corp grew its holdings in shares of Waystar by 4.0% in the fourth quarter. State Street Corp now owns 4,134,052 shares of the company's stock worth $135,390,000 after purchasing an additional 159,183 shares during the last quarter.
About Waystar
(
Get Free Report)
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.
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