Key Points
- Waystar CEO Matthew Hawkins sold 82,500 shares at an average price of $25.97, generating approximately $2.14 million. The transaction was made under a pre-arranged Rule 10b5-1 trading plan, leaving him with 1.80 million shares.
- Waystar reported quarterly earnings of $0.43 per share, beating estimates by $0.03, while revenue rose 18.1% year over year to $319.67 million.
- Analyst sentiment remains positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $35.52, above its reported opening price of $26.08.
Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CEO Matthew Hawkins sold 82,500 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $25.97, for a total transaction of $2,142,525.00. Following the transaction, the chief executive officer directly owned 1,804,794 shares in the company, valued at approximately $46,870,500.18. This represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Waystar Price Performance
Shares of NASDAQ WAY opened at $26.08 on Friday. The business has a fifty day moving average price of $23.47 and a two-hundred day moving average price of $22.77. The stock has a market capitalization of $5.00 billion, a PE ratio of 37.26, a P/E/G ratio of 1.00 and a beta of 0.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.85 and a quick ratio of 1.85. Waystar Holding Corp. has a fifty-two week low of $17.26 and a fifty-two week high of $41.47.
Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly 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. The company had revenue of $319.67 million during the quarter, compared to the consensus estimate of $316.21 million. Waystar had a net margin of 11.18% and a return on equity of 7.03%. The firm's quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 EPS. As a group, equities analysts predict that Waystar Holding Corp. will post 1.47 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board bought a new position in Waystar during the second quarter worth $390,593,000. BlackRock Inc. acquired a new position in shares of Waystar during the second quarter valued at about $357,950,000. Vanguard Group Inc. boosted its position in shares of Waystar by 0.3% during the 4th 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 in the last quarter. Advent International L.P. acquired a new stake in shares of Waystar in the 2nd quarter valued at about $227,060,000. Finally, William Blair Investment Management LLC grew its stake in shares of Waystar by 0.4% in the 4th quarter. William Blair Investment Management LLC now owns 5,282,220 shares of the company's stock valued at $172,993,000 after buying an additional 19,033 shares during the period.
Wall Street Analysts Forecast Growth
WAY has been the topic of several research reports. Canaccord Genuity Group boosted their price target on Waystar from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Monday. Wolfe Research upgraded shares of Waystar to an "outperform" rating in a report on Thursday, August 13th. BMO Capital Markets reiterated an "outperform" rating on shares of Waystar in a research report on Thursday, August 27th. KeyCorp reissued an "overweight" rating on shares of Waystar in a report on Friday, July 31st. Finally, UBS Group decreased their price target on shares of Waystar from $37.00 to $33.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $35.52.
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About Waystar
(
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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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