Waystar (NASDAQ:WAY) Now Covered by Citizens Jmp

Citizens Jmp initiated coverage on shares of Waystar (NASDAQ:WAY) in a report released on Thursday morning, Marketbeat.com reports. The firm issued a mkt outperform rating and a $48.00 price objective on the stock.

Several other research analysts have also recently issued reports on WAY. Robert W. Baird began coverage on shares of Waystar in a report on Friday, September 5th. They issued an “outperform” rating and a $44.00 price objective for the company. Baird R W raised shares of Waystar to a “strong-buy” rating in a research note on Friday, September 5th. Truist Financial increased their target price on shares of Waystar from $50.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. TD Cowen raised shares of Waystar to a “strong-buy” rating in a research note on Thursday, June 5th. Finally, Mizuho started coverage on shares of Waystar in a research note on Monday, June 30th. They set an “outperform” rating and a $48.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $45.14.

Waystar Trading Down 0.0%

Waystar stock opened at $38.58 on Thursday. The firm has a 50 day simple moving average of $36.80 and a 200-day simple moving average of $37.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.43 and a quick ratio of 3.43. The stock has a market capitalization of $6.72 billion, a PE ratio of 80.38, a price-to-earnings-growth ratio of 0.71 and a beta of 0.78. Waystar has a 12-month low of $26.26 and a 12-month high of $48.11.

Waystar (NASDAQ:WAY) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The business had revenue of $270.65 million during the quarter, compared to analysts’ expectations of $255.26 million. Waystar had a net margin of 8.50% and a return on equity of 5.65%. The business’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the firm posted $0.04 earnings per share. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. As a group, equities research analysts expect that Waystar will post 0.39 EPS for the current fiscal year.

Insider Transactions at Waystar

In other Waystar news, insider Eric L. (Ric) Sinclair III sold 19,404 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $40.03, for a total value of $776,742.12. Following the transaction, the insider owned 474,826 shares in the company, valued at approximately $19,007,284.78. This represents a 3.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven M. Oreskovich sold 16,666 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $40.49, for a total transaction of $674,806.34. Following the completion of the transaction, the chief financial officer owned 354,512 shares in the company, valued at approximately $14,354,190.88. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,652,918 shares of company stock worth $182,012,322. 4.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Central Pacific Bank Trust Division acquired a new position in shares of Waystar during the 2nd quarter worth $33,000. Nisa Investment Advisors LLC increased its stake in shares of Waystar by 50.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock worth $44,000 after purchasing an additional 358 shares during the last quarter. State of Wyoming acquired a new position in shares of Waystar during the 1st quarter worth $54,000. EverSource Wealth Advisors LLC increased its stake in shares of Waystar by 3,219.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after purchasing an additional 1,352 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Waystar during the 1st quarter worth $60,000.

About Waystar

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