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

Waystar Holding Corp. (NASDAQ:WAY) CEO Matthew Hawkins sold 82,500 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $25.97, for a total transaction of $2,142,525.00. Following the completion of the transaction, the chief executive officer directly owned 1,804,794 shares of the company’s stock, valued at $46,870,500.18. The trade was a 4.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Waystar Stock Performance

Shares of NASDAQ WAY opened at $25.07 on Friday. The company has a market cap of $4.81 billion, a PE ratio of 35.81, a price-to-earnings-growth ratio of 1.02 and a beta of 0.16. Waystar Holding Corp. has a 12 month low of $17.26 and a 12 month high of $41.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.85 and a quick ratio of 1.85. The company has a 50-day simple moving average of $23.57 and a 200-day simple moving average of $22.78.

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

Analyst Upgrades and Downgrades

WAY has been the subject of a number of research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $44.00 price target on shares of Waystar in a research report on Thursday, August 27th. UBS Group reduced their price objective on Waystar from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Truist Financial decreased their target price on Waystar from $38.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Wall Street Zen lowered shares of Waystar from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Weiss Ratings raised shares of Waystar from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Waystar has an average rating of “Moderate Buy” and a consensus price target of $35.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Root Financial Partners LLC increased its holdings in shares of Waystar by 6,475.0% in the 1st quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock worth $25,000 after acquiring an additional 1,036 shares during the period. Essential Partners LLC lifted its holdings in shares of Waystar by 1,432.7% in the first quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock valued at $37,000 after buying an additional 1,447 shares during the period. Smartleaf Asset Management LLC lifted its holdings 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 buying an additional 1,141 shares during the period. Danske Bank A S bought a new position in Waystar during the fourth quarter valued at about $52,000. Finally, EverSource Wealth Advisors LLC grew its holdings 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 acquiring an additional 1,352 shares during the period.

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.