Key Points
- CEO Matthew Hawkins sold 82,500 Waystar shares for approximately $2.16 million at an average price of $26.23 under a pre-arranged Rule 10b5-1 trading plan. His remaining stake totaled 1.80 million shares, valued at about $47.34 million.
- Waystar’s stock opened at $25.77, down 2.4%, with a market capitalization of approximately $4.94 billion. The shares have traded between $17.26 and $40.35 over the past year.
- The company exceeded quarterly expectations, reporting $0.43 in earnings per share and $319.67 million in revenue, with revenue increasing 18.1% year over year. Analysts maintain a “Moderate Buy” consensus rating and an average price target of $34.67.
Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) CEO Matthew Hawkins sold 82,500 shares of the business's stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $26.23, for a total value of $2,163,975.00. Following the transaction, the chief executive officer owned 1,804,794 shares in the company, valued at $47,339,746.62. The trade was a 4.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Waystar Stock Down 2.4%
WAY opened at $25.77 on Thursday. 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 12 month low of $17.26 and a 12 month high of $40.35. The stock has a market capitalization of $4.94 billion, a P/E ratio of 36.81, a P/E/G ratio of 1.03 and a beta of 0.18. The business has a 50 day simple moving average of $24.82 and a 200-day simple moving average of $22.78.
Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings data 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 return on equity of 7.03% and a net margin of 11.18%.The firm had revenue of $319.67 million for the quarter, compared to analyst estimates of $316.21 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. Waystar's quarterly revenue was up 18.1% on a year-over-year basis. On average, equities analysts anticipate that Waystar Holding Corp. will post 1.47 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Waystar
Several institutional investors and hedge funds have recently made changes to their positions in WAY. Root Financial Partners LLC increased its holdings in Waystar by 6,475.0% during the 1st quarter. Root Financial Partners LLC now owns 1,052 shares of the company's stock valued at $25,000 after acquiring an additional 1,036 shares in the last quarter. Essential Partners LLC lifted its holdings in shares of Waystar by 1,432.7% in the first quarter. Essential Partners LLC now owns 1,548 shares of the company's stock valued at $37,000 after purchasing an additional 1,447 shares in the last quarter. OP Asset Management Ltd purchased a new stake in shares of Waystar in the first quarter valued at about $58,000. State of Wyoming acquired a new stake in shares of Waystar in the second quarter valued at approximately $74,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Waystar by 149.9% in the first quarter. EverSource Wealth Advisors LLC now owns 5,998 shares of the company's stock valued at $145,000 after purchasing an additional 3,598 shares during the last quarter.
Analysts Set New Price Targets
Several analysts recently commented on the stock. Royal Bank Of Canada reiterated an "outperform" rating on shares of Waystar in a research note on Tuesday, September 15th. Needham & Company LLC restated a "buy" rating and set a $33.00 target price on shares of Waystar in a research report on Wednesday, August 26th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $28.00 target price on shares of Waystar in a report on Wednesday, September 16th. BMO Capital Markets reiterated an "outperform" rating on shares of Waystar in a research report on Thursday, August 27th. Finally, Weiss Ratings raised Waystar from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, Waystar has an average rating of "Moderate Buy" and a consensus price target of $34.67.
Get Our Latest Research Report on WAY
Waystar Company Profile
(
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Waystar Holding Corp. is a healthcare technology company that provides cloud-based software for managing healthcare payments and revenue cycle operations. Its platform connects healthcare providers, payers and patients to help streamline administrative and financial workflows across the healthcare system.
The company's products and services include eligibility and benefits verification, claims management and submission, prior authorization, payment processing, patient billing, denial management and revenue cycle analytics.
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