Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 4,040,000 shares, a decrease of 29.9% from the December 31st total of 5,760,000 shares. Based on an average trading volume of 1,180,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 5.2% of the shares of the stock are short sold.
Waystar Trading Up 2.1 %
Shares of WAY opened at $41.54 on Friday. The stock has a fifty day moving average price of $35.38 and a two-hundred day moving average price of $29.68. Waystar has a 52-week low of $20.26 and a 52-week high of $41.74. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40.
Waystar (NASDAQ:WAY – Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $223.82 million. The firm’s revenue was up 21.7% compared to the same quarter last year. As a group, equities research analysts forecast that Waystar will post 0.03 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Waystar
Insiders Place Their Bets
In other news, CFO Steven M. Oreskovich sold 16,666 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $33.89, for a total value of $564,810.74. Following the completion of the transaction, the chief financial officer now owns 173,642 shares in the company, valued at $5,884,727.38. This trade represents a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Institutional Trading of Waystar
Several hedge funds have recently bought and sold shares of WAY. Sei Investments Co. acquired a new position in Waystar in the 2nd quarter worth $1,435,000. Cubist Systematic Strategies LLC acquired a new position in Waystar in the 2nd quarter worth $145,000. Millennium Management LLC acquired a new position in Waystar in the 2nd quarter worth $8,171,000. Point72 Asset Management L.P. acquired a new position in Waystar in the 2nd quarter worth $813,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Waystar in the 2nd quarter worth $27,950,000.
Waystar Company Profile
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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