Waystar Holding Corp. (NASDAQ:WAY) CFO Sells $564,810.74 in Stock

Waystar Holding Corp. (NASDAQ:WAY) CFO Steven M. Oreskovich sold 16,666 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $33.89, for a total value of $564,810.74. Following the sale, the chief financial officer now owns 173,642 shares of the company’s stock, valued at $5,884,727.38. This represents a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Waystar Stock Down 2.2 %

Waystar stock opened at $34.70 on Thursday. Waystar Holding Corp. has a fifty-two week low of $20.26 and a fifty-two week high of $36.63. The firm’s 50 day moving average price is $30.21. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $240.10 million for the quarter, compared to the consensus estimate of $223.82 million. The business’s revenue was up 21.7% compared to the same quarter last year. Sell-side analysts forecast that Waystar Holding Corp. will post 0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WAY shares. The Goldman Sachs Group boosted their price objective on Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Canaccord Genuity Group upped their price target on shares of Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Bank of America raised their price target on shares of Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research note on Friday, November 22nd. Finally, Royal Bank of Canada raised their target price on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $32.90.

Institutional Trading of Waystar

A number of hedge funds and other institutional investors have recently modified their holdings of WAY. Amalgamated Bank bought a new stake in Waystar during the third quarter worth about $41,000. Smithfield Trust Co purchased a new position in shares of Waystar during the third quarter valued at approximately $68,000. RiverPark Advisors LLC bought a new stake in shares of Waystar in the 3rd quarter worth approximately $78,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Waystar in the 2nd quarter worth approximately $145,000. Finally, Stifel Financial Corp bought a new position in Waystar during the 3rd quarter valued at approximately $204,000.

Waystar Company Profile

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