Eric (Ric) Sinclair III Sells 40,225 Shares of Waystar (NASDAQ:WAY) Stock

Waystar Holding Corp. (NASDAQ:WAY) insider Eric (Ric) Sinclair III sold 40,225 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $30.08, for a total transaction of $1,209,968.00. Following the completion of the sale, the insider directly owned 474,826 shares in the company, valued at $14,282,766.08. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Waystar Stock Down 0.2%

NASDAQ WAY traded down $0.05 during trading on Thursday, hitting $29.51. The stock had a trading volume of 1,430,981 shares, compared to its average volume of 2,041,025. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.89 and a current ratio of 3.89. Waystar Holding Corp. has a 12 month low of $28.71 and a 12 month high of $48.11. The company has a market capitalization of $5.65 billion, a PE ratio of 47.60, a P/E/G ratio of 0.37 and a beta of 0.76. The company’s 50-day moving average price is $33.28 and its two-hundred day moving average price is $35.77.

Wall Street Analyst Weigh In

Several research firms have issued reports on WAY. Mizuho upped their price target on shares of Waystar from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Citigroup lowered their target price on shares of Waystar from $49.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, January 9th. UBS Group assumed coverage on shares of Waystar in a research note on Monday, December 15th. They set a “buy” rating and a $41.00 price objective on the stock. Needham & Company LLC started coverage on Waystar in a research report on Tuesday, November 11th. They set a “buy” rating and a $46.00 price objective for the company. Finally, Wall Street Zen downgraded shares of Waystar from a “buy” rating to a “hold” rating in a report on Saturday, November 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $46.64.

Institutional Trading of Waystar

Several large investors have recently made changes to their positions in the company. Salomon & Ludwin LLC bought a new stake in Waystar during the 3rd quarter valued at $25,000. ANTIPODES PARTNERS Ltd raised its position in Waystar by 120.1% in the third quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock worth $31,000 after acquiring an additional 449 shares during the period. First Horizon Corp bought a new position in Waystar during the third quarter valued at $38,000. Nisa Investment Advisors LLC increased its holdings in Waystar by 50.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock worth $44,000 after acquiring an additional 358 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Waystar by 3,219.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $57,000 after purchasing an additional 1,352 shares during the period.

Waystar Company Profile

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.