Waystar (NASDAQ:WAY) CEO Matthew Hawkins Sells 82,500 Shares

Waystar Holding Corp. (NASDAQ:WAY) CEO Matthew Hawkins sold 82,500 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $25.97, for a total value of $2,142,525.00. Following the completion of the transaction, the chief executive officer owned 1,804,794 shares in the company, valued at $46,870,500.18. This represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Waystar Trading Up 1.4%

NASDAQ WAY opened at $26.08 on Friday. Waystar Holding Corp. has a 12 month low of $17.26 and a 12 month high of $41.47. The stock has a 50-day simple moving average of $23.47 and a 200 day simple moving average of $22.77. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36. The company 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.

Waystar (NASDAQ:WAY) last posted its earnings results on Wednesday, July 29th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $319.67 million during the quarter, compared to analyst estimates of $316.21 million. Waystar had a return on equity of 7.03% and a net margin of 11.18%.The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 EPS. Research analysts forecast that Waystar Holding Corp. will post 1.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WAY shares. Citigroup reaffirmed a “buy” rating on shares of Waystar in a research note on Monday, July 20th. KeyCorp reissued an “overweight” rating on shares of Waystar in a research report on Friday, July 31st. Needham & Company LLC restated a “buy” rating and set a $33.00 target price on shares of Waystar in a report on Wednesday, August 26th. Wells Fargo & Company decreased their target price on shares of Waystar from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Finally, UBS Group lowered their price target on shares of Waystar from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.52.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC raised its holdings in Waystar by 6,475.0% in 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 during the period. Smartleaf Asset Management LLC grew its position in shares of Waystar by 6,005.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock valued at $38,000 after purchasing an additional 1,141 shares during the last quarter. EverSource Wealth Advisors LLC grew 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 last quarter. Essential Partners LLC increased its stake in shares of Waystar by 1,432.7% during the first quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock worth $37,000 after purchasing an additional 1,447 shares during the period. Finally, Danske Bank A S bought a new position in shares of Waystar during the fourth quarter worth approximately $52,000.

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.