Waystar Target of Unusually High Options Trading (NASDAQ:WAY)

Posted by Terry King on Mar 7th, 2025

Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) was the target of some unusual options trading on Friday. Investors bought 11,930 put options on the stock. This is an increase of 1,599% compared to the typical volume of 702 put options.

Waystar Price Performance

Shares of NASDAQ WAY traded down $4.80 during mid-day trading on Friday, hitting $35.87. 1,704,529 shares of the stock traded hands, compared to its average volume of 1,265,922. The firm has a 50 day simple moving average of $40.19 and a two-hundred day simple moving average of $33.11. Waystar has a twelve month low of $20.26 and a twelve month high of $48.11. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40.

Waystar (NASDAQ:WAY – Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.11. The business had revenue of $244.10 million for the quarter, compared to analyst estimates of $232.29 million. Research analysts anticipate that Waystar will post 0.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Canaccord Genuity Group upped their price target on shares of Waystar from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Evercore ISI raised their price target on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays raised their target price on shares of Waystar from $42.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group assumed coverage on Waystar in a research note on Tuesday, February 11th. They set a “buy” rating and a $51.00 price objective for the company. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $40.36.

View Our Latest Stock Analysis on WAY

Insider Activity

In related news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $42.15, for a total transaction of $143,310.00. Following the transaction, the chief marketing officer now owns 43,478 shares of the company’s stock, valued at approximately $1,832,597.70. This trade represents a 7.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven M. Oreskovich sold 16,666 shares of the firm’s 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 transaction, the chief financial officer now owns 173,642 shares in the company, valued at approximately $5,884,727.38. This trade represents a 8.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,372,837 shares of company stock valued at $527,298,461 over the last three months.

Institutional Investors Weigh In On Waystar

A number of institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Waystar in the 4th quarter worth about $1,309,000. Squarepoint Ops LLC increased its stake in shares of Waystar by 0.8% in the 4th quarter. Squarepoint Ops LLC now owns 201,548 shares of the company’s stock valued at $7,397,000 after acquiring an additional 1,548 shares in the last quarter. Two Sigma Advisers LP bought a new position in Waystar during the fourth quarter worth $517,000. Two Sigma Investments LP raised its holdings in shares of Waystar by 652.1% during the fourth quarter. Two Sigma Investments LP now owns 150,186 shares of the company’s stock valued at $5,512,000 after purchasing an additional 130,218 shares during the period. Finally, Sig Brokerage LP acquired a new stake in Waystar in the fourth quarter valued at approximately $1,015,000.