Waystar Holding Corp. (NASDAQ:WAY) Short Interest Down 17.4% in January

Waystar Holding Corp. (NASDAQ:WAY) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 7,514,927 shares, a decline of 17.4% from the December 31st total of 9,093,167 shares. Based on an average daily volume of 2,224,529 shares, the short-interest ratio is currently 3.4 days. Approximately 4.1% of the shares of the stock are sold short. Approximately 4.1% of the shares of the stock are sold short. Based on an average daily volume of 2,224,529 shares, the short-interest ratio is currently 3.4 days.

Waystar Price Performance

Waystar stock opened at $26.56 on Monday. The stock’s 50 day moving average is $32.33 and its 200 day moving average is $35.28. Waystar has a one year low of $26.20 and a one year high of $48.11. The firm has a market cap of $5.08 billion, a P/E ratio of 42.84, a P/E/G ratio of 0.33 and a beta of 0.77. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.89 and a quick ratio of 3.89.

Wall Street Analysts Forecast Growth

WAY has been the subject of several research reports. UBS Group started coverage on shares of Waystar in a research note on Monday, December 15th. They issued a “buy” rating and a $41.00 price objective for the company. BMO Capital Markets initiated coverage on Waystar in a report on Thursday, November 13th. They set an “outperform” rating and a $47.00 price objective on the stock. Barclays dropped their target price on Waystar from $56.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Zacks Research lowered Waystar from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Citigroup dropped their price objective on shares of Waystar from $49.00 to $46.00 and set a “buy” rating for the company in a report on Friday, January 9th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Waystar presently has a consensus rating of “Buy” and a consensus target price of $46.64.

Insiders Place Their Bets

In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $37.00, for a total value of $125,800.00. Following the sale, the chief marketing officer owned 193,261 shares of the company’s stock, valued at approximately $7,150,657. This trade represents a 1.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Christopher L. Schremser sold 8,623 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $30.41, for a total value of $262,225.43. Following the transaction, the chief technology officer directly owned 422,371 shares of the company’s stock, valued at $12,844,302.11. This trade represents a 2.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 80,273 shares of company stock worth $2,569,997 over the last three months. Insiders own 4.10% of the company’s stock.

Institutional Trading of Waystar

Large investors have recently bought and sold shares of the business. Salomon & Ludwin LLC bought a new stake in shares of Waystar during the 3rd quarter valued at about $25,000. ANTIPODES PARTNERS Ltd boosted its holdings in shares of Waystar by 120.1% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock worth $31,000 after buying an additional 449 shares in the last quarter. First Horizon Corp acquired a new stake in shares of Waystar during the 3rd quarter worth approximately $38,000. Nisa Investment Advisors LLC grew its position in shares of Waystar by 50.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock worth $44,000 after buying an additional 358 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Waystar by 3,219.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $57,000 after acquiring an additional 1,352 shares in the last quarter.

About Waystar

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.