Waystar Holding Corp. (NASDAQ:WAY) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Waystar Holding Corp. (NASDAQ:WAY) have earned an average rating of “Buy” from the sixteen research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $48.0769.

A number of research firms recently issued reports on WAY. Zacks Research raised Waystar from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Mizuho upped their price target on shares of Waystar from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Canaccord Genuity Group set a $54.00 price objective on shares of Waystar in a research report on Thursday, October 30th. Citizens Jmp started coverage on shares of Waystar in a research report on Thursday, September 18th. They issued a “mkt outperform” rating and a $48.00 price objective on the stock. Finally, JMP Securities started coverage on shares of Waystar in a research note on Thursday, September 18th. They issued a “market outperform” rating and a $48.00 target price for the company.

Insider Activity at Waystar

In other Waystar news, CTO Christopher L. Schremser sold 8,623 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $36.12, for a total value of $311,462.76. Following the sale, the chief technology officer owned 422,371 shares in the company, valued at approximately $15,256,040.52. The trade was a 2.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Steven M. Oreskovich sold 16,666 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $40.49, for a total value of $674,806.34. Following the transaction, the chief financial officer directly owned 354,512 shares of the company’s stock, valued at approximately $14,354,190.88. This trade represents a 4.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 4,395,177 shares of company stock valued at $172,203,411 over the last ninety days. Company insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WAY. Salomon & Ludwin LLC acquired a new stake in shares of Waystar in the 3rd quarter valued at approximately $25,000. ANTIPODES PARTNERS Ltd raised its position in Waystar by 120.1% during the third quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock worth $31,000 after acquiring an additional 449 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Waystar in the second quarter valued at $33,000. First Horizon Corp acquired a new stake in Waystar in the third quarter valued at $38,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Waystar by 50.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock valued at $44,000 after acquiring an additional 358 shares during the period.

Waystar Stock Down 3.3%

Shares of Waystar stock opened at $33.21 on Tuesday. The company has a market capitalization of $6.35 billion, a P/E ratio of 53.56, a price-to-earnings-growth ratio of 0.52 and a beta of 0.63. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.89 and a quick ratio of 3.89. The business has a 50-day moving average of $36.71 and a two-hundred day moving average of $37.37. Waystar has a 1 year low of $30.75 and a 1 year high of $48.11.

About Waystar

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