Waystar Holding Corp.’s (NASDAQ:WAY) Lock-Up Period To Expire on December 4th

Waystar’s (NASDAQ:WAY) lock-up period will expire on Wednesday, December 4th. Waystar had issued 45,000,000 shares in its public offering on June 7th. The total size of the offering was $967,500,000 based on an initial share price of $21.50. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analysts Set New Price Targets

WAY has been the subject of several analyst reports. Raymond James upgraded shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target for the company in a report on Friday, November 22nd. Canaccord Genuity Group increased their price objective on Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Waystar from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, August 19th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Waystar has a consensus rating of “Buy” and a consensus target price of $32.90.

Waystar Price Performance

WAY stock opened at $30.59 on Friday. The company has a 50 day moving average price of $28.79. Waystar has a twelve month low of $20.26 and a twelve month high of $33.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29.

Waystar (NASDAQ:WAY) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $223.82 million. The company’s quarterly revenue was up 21.7% on a year-over-year basis. On average, equities analysts anticipate that Waystar will post 0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Waystar

Several institutional investors have recently bought and sold shares of WAY. Canada Pension Plan Investment Board acquired a new stake in shares of Waystar in the 2nd quarter worth approximately $800,003,000. Deerfield Management Company L.P. Series C purchased a new position in shares of Waystar in the 2nd quarter worth about $106,468,000. TPG GP A LLC purchased a new stake in Waystar during the second quarter worth approximately $85,910,000. ArrowMark Colorado Holdings LLC raised its position in Waystar by 36.5% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,402,294 shares of the company’s stock valued at $94,890,000 after purchasing an additional 909,715 shares during the period. Finally, American Century Companies Inc. acquired a new position in Waystar during the 2nd quarter worth approximately $28,357,000.

Waystar Company Profile

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