Waystar Holding Corp. (NASDAQ:WAY) Shares Acquired by Avenir Corp

Posted by Alphonse Anthony on Apr 17th, 2025

Avenir Corp boosted its stake in shares of Waystar Holding Corp. (NASDAQ:WAY – Free Report) by 205.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 590,244 shares of the company’s stock after buying an additional 396,911 shares during the period. Waystar comprises 2.2% of Avenir Corp’s investment portfolio, making the stock its 13th largest holding. Avenir Corp’s holdings in Waystar were worth $21,662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Stifel Financial Corp purchased a new stake in Waystar in the 3rd quarter worth approximately $204,000. State Street Corp acquired a new position in shares of Waystar in the third quarter worth $16,816,000. Jane Street Group LLC purchased a new stake in shares of Waystar during the third quarter worth $539,000. Y Intercept Hong Kong Ltd acquired a new stake in Waystar during the third quarter valued at $222,000. Finally, Barclays PLC grew its stake in Waystar by 701.7% in the third quarter. Barclays PLC now owns 64,934 shares of the company’s stock valued at $1,811,000 after purchasing an additional 56,834 shares in the last quarter.

Insider Buying and Selling at Waystar

In other news, insider T. Craig Bridge sold 182,914 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $42.15, for a total transaction of $7,709,825.10. Following the sale, the insider now directly owns 519,658 shares in the company, valued at approximately $21,903,584.70. The trade was a 26.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $40.00, for a total value of $300,686,720.00. Following the completion of the transaction, the insider now directly owns 29,692,286 shares of the company’s stock, valued at approximately $1,187,691,440. This trade represents a 20.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,411,461 shares of company stock valued at $528,743,995 in the last ninety days.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays cut their price target on Waystar from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday. Bank of America boosted their target price on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Canaccord Genuity Group upped their price objective on shares of Waystar from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Jefferies Financial Group initiated coverage on Waystar in a report on Tuesday, February 11th. They set a “buy” rating and a $51.00 target price on the stock. Finally, The Goldman Sachs Group boosted their price target on Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $40.33.

Check Out Our Latest Analysis on WAY

Waystar Stock Performance

NASDAQ WAY opened at $36.71 on Thursday. The stock has a 50-day simple moving average of $39.24 and a 200 day simple moving average of $35.22. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $48.11. 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 (NASDAQ:WAY – Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.11. The business had revenue of $244.10 million for the quarter, compared to analyst estimates of $232.29 million. On average, research analysts forecast that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.