Waystar Holding Corp. (NASDAQ:WAY) Given Consensus Rating of “Buy” by Brokerages

Shares of Waystar Holding Corp. (NASDAQ:WAY) have been assigned a consensus rating of “Buy” from the seventeen ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, twelve have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $48.0714.

Several equities research analysts have weighed in on WAY shares. JMP Securities assumed coverage on Waystar in a research note on Thursday, September 18th. They set a “market outperform” rating and a $48.00 target price for the company. Citizens Jmp started coverage on Waystar in a research report on Thursday, September 18th. They set a “mkt outperform” rating and a $48.00 price objective for the company. Zacks Research raised Waystar from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Citigroup boosted their target price on Waystar from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Mizuho increased their target price on shares of Waystar from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th.

Waystar Stock Performance

Shares of Waystar stock opened at $34.79 on Friday. The company has a 50 day moving average of $37.18 and a 200-day moving average of $37.74. The company has a market cap of $6.66 billion, a PE ratio of 56.11, a price-to-earnings-growth ratio of 0.53 and a beta of 0.64. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 0.38. Waystar has a 1-year low of $29.29 and a 1-year high of $48.11.

Insiders Place Their Bets

In other news, insider T. Craig Bridge sold 85,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $40.06, for a total value of $3,405,100.00. Following the completion of the transaction, the insider directly owned 583,355 shares in the company, valued at approximately $23,369,201.30. This represents a 12.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew J. Hawkins sold 12,800 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $38.08, for a total value of $487,424.00. Following the sale, the chief executive officer owned 717,474 shares in the company, valued at $27,321,409.92. This represents a 1.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,489,880 shares of company stock worth $176,043,133 over the last 90 days. Insiders own 4.10% of the company’s stock.

Institutional Trading of Waystar

A number of hedge funds have recently made changes to their positions in the company. Maven Securities LTD grew its holdings in shares of Waystar by 110.8% during the third quarter. Maven Securities LTD now owns 52,700 shares of the company’s stock worth $1,998,000 after purchasing an additional 27,700 shares during the last quarter. Captrust Financial Advisors grew its holdings in Waystar by 25.0% during 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 last quarter. Oberweis Asset Management Inc. grew its holdings in Waystar by 12.3% during 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 last quarter. Woodline Partners LP acquired a new position in Waystar in the 3rd quarter valued at approximately $10,452,000. Finally, Alyeska Investment Group L.P. raised its stake in shares of Waystar by 4,717.4% during the third quarter. Alyeska Investment Group L.P. now owns 1,814,648 shares of the company’s stock valued at $68,811,000 after acquiring an additional 1,776,979 shares during the last quarter.

Waystar Company Profile

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.