Waystar Holding Corp. (NASDAQ:WAY) CMO Melissa F. (Missy) Miller Sells 3,400 Shares

Waystar Holding Corp. (NASDAQ:WAY) CMO Melissa F. (Missy) Miller sold 3,400 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $42.15, for a total transaction of $143,310.00. Following the completion of the transaction, the chief marketing officer now owns 43,478 shares in the company, valued at $1,832,597.70. The trade was a 7.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Waystar Trading Down 0.7 %

NASDAQ:WAY opened at $41.77 on Wednesday. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29. The company’s 50-day simple moving average is $39.40 and its 200 day simple moving average is $32.36.

Waystar (NASDAQ:WAY) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.15 by $0.11. The business had revenue of $244.10 million for the quarter, compared to the consensus estimate of $232.29 million. As a group, equities analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in Waystar in the fourth quarter worth about $25,000. Mark Sheptoff Financial Planning LLC purchased a new position in Waystar in the fourth quarter worth about $48,000. Amalgamated Bank purchased a new position in Waystar in the third quarter worth about $41,000. Smithfield Trust Co purchased a new position in Waystar in the third quarter worth about $68,000. Finally, Gen Wealth Partners Inc purchased a new position in Waystar in the fourth quarter worth about $92,000.

Wall Street Analysts Forecast Growth

WAY has been the topic of a number of research reports. Canaccord Genuity Group lifted their target price on shares of Waystar from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada lifted their target price on shares of Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Bank of America lifted their target price on shares of Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Jefferies Financial Group initiated coverage on shares of Waystar in a research note on Tuesday, February 11th. They set a “buy” rating and a $51.00 target price on the stock. Finally, The Goldman Sachs Group lifted their target price on shares of Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $40.36.

Waystar Company Profile

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