Eric (Ric) Sinclair III Sells 9,701 Shares of Waystar (NASDAQ:WAY) Stock

Waystar Holding Corp. (NASDAQ:WAY) insider Eric (Ric) Sinclair III sold 9,701 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $36.94, for a total transaction of $358,354.94. Following the sale, the insider directly owned 474,826 shares of the company’s stock, valued at approximately $17,540,072.44. The trade was a 2.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Waystar Price Performance

Waystar stock opened at $37.69 on Thursday. Waystar Holding Corp. has a 52 week low of $27.05 and a 52 week high of $48.11. The firm has a market cap of $6.57 billion, a P/E ratio of 78.52, a P/E/G ratio of 0.68 and a beta of 0.69. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.43 and a current ratio of 3.43. The business’s fifty day moving average is $37.46 and its two-hundred day moving average is $37.75.

Waystar (NASDAQ:WAY) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Waystar had a net margin of 8.50% and a return on equity of 5.65%. The business had revenue of $270.65 million for the quarter, compared to the consensus estimate of $255.26 million. During the same quarter in the prior year, the company earned $0.04 EPS. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. Equities research analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Waystar

Several institutional investors and hedge funds have recently bought and sold shares of WAY. Salomon & Ludwin LLC bought a new position in shares of Waystar in the third quarter valued at about $25,000. Central Pacific Bank Trust Division acquired a new position in Waystar in the 2nd quarter valued at $33,000. Nisa Investment Advisors LLC raised its stake in Waystar by 50.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock valued at $44,000 after purchasing an additional 358 shares in the last quarter. State of Wyoming bought a new stake in shares of Waystar during the 1st quarter worth approximately $54,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Waystar by 3,219.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after purchasing an additional 1,352 shares during the last quarter.

Analyst Ratings Changes

WAY has been the subject of a number of research reports. Baird R W upgraded Waystar to a “strong-buy” rating in a research report on Friday, September 5th. Mizuho initiated coverage on Waystar in a report on Monday, June 30th. They set an “outperform” rating and a $48.00 target price on the stock. Truist Financial upped their price target on Waystar from $50.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Citigroup assumed coverage on Waystar in a research note on Thursday, September 18th. They set an “outperform” rating on the stock. Finally, Citizens Jmp assumed coverage on shares of Waystar in a report on Thursday, September 18th. They set a “mkt outperform” rating and a $48.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $45.50.

Waystar Company Profile

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