Waystar Holding Corp. (NASDAQ:WAY) Short Interest Down 17.4% in January

Waystar Holding Corp. (NASDAQ:WAY) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 7,514,927 shares, a decline of 17.4% from the December 31st total of 9,093,167 shares. Currently, 4.1% of the company’s shares are short sold. Based on an average daily volume of 2,224,529 shares, the short-interest ratio is currently 3.4 days. Based on an average daily volume of 2,224,529 shares, the short-interest ratio is currently 3.4 days. Currently, 4.1% of the company’s shares are short sold.

Waystar Stock Down 7.0%

Shares of WAY stock opened at $24.50 on Wednesday. The stock’s fifty day moving average price is $31.88 and its 200 day moving average price is $35.11. Waystar has a 1-year low of $24.36 and a 1-year high of $48.11. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of 0.33 and a beta of 0.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.89 and a quick ratio of 3.89.

Wall Street Analyst Weigh In

WAY has been the subject of several recent research reports. Leerink Partners started coverage on shares of Waystar in a report on Monday. They issued an “outperform” rating and a $43.00 price target for the company. Needham & Company LLC assumed coverage on shares of Waystar in a research note on Tuesday, November 11th. They issued a “buy” rating and a $46.00 price objective for the company. Citigroup dropped their target price on Waystar from $49.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, January 9th. UBS Group began coverage on Waystar in a research report on Monday, December 15th. They issued a “buy” rating and a $41.00 price target for the company. Finally, Wall Street Zen cut Waystar from a “buy” rating to a “hold” rating in a research note on Saturday, November 29th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $46.40.

Insider Buying and Selling

In other news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $37.00, for a total transaction of $125,800.00. Following the transaction, the chief marketing officer owned 193,261 shares in the company, valued at approximately $7,150,657. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Eric L. (Ric) Sinclair III sold 40,225 shares of Waystar stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $30.08, for a total value of $1,209,968.00. Following the completion of the sale, the insider owned 474,826 shares of the company’s stock, valued at $14,282,766.08. The trade was a 7.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 80,273 shares of company stock valued at $2,569,997 over the last quarter. 4.10% of the stock is owned by corporate insiders.

Institutional Trading of Waystar

A number of institutional investors have recently bought and sold shares of WAY. Munro Partners grew its position in Waystar by 107.5% during the third quarter. Munro Partners now owns 178,890 shares of the company’s stock valued at $6,784,000 after buying an additional 92,695 shares during the period. Oak Ridge Investments LLC acquired a new stake in shares of Waystar during the 3rd quarter valued at about $2,139,000. Lisanti Capital Growth LLC purchased a new position in shares of Waystar in the 3rd quarter valued at about $4,002,000. Thrivent Financial for Lutherans raised its holdings in Waystar by 2,923.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 882,427 shares of the company’s stock worth $33,461,000 after purchasing an additional 853,239 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in Waystar during the third quarter worth approximately $1,703,000.

Waystar Company Profile

Waystar (NASDAQ:WAY) is a leading provider of cloud-based revenue cycle management and payment solutions for healthcare organizations. The company’s unified platform streamlines the entire financial continuum of patient care, from eligibility verification and claim submission to payment reconciliation and patient billing. By automating key processes and improving claim accuracy, Waystar helps providers reduce administrative overhead, accelerate cash flow and enhance overall revenue performance.

At the core of Waystar’s offering is a SaaS-based architecture that integrates seamlessly with existing electronic health record (EHR) systems and payer networks.