Short Interest in Waystar Holding Corp. (NASDAQ:WAY) Decreases By 29.9%

Waystar Holding Corp. (NASDAQ:WAYGet 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:WAYGet 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

A number of analysts have issued reports on WAY shares. The Goldman Sachs Group raised their price target on Waystar from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Bank of America lifted their price objective on Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Evercore ISI raised their target price on Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Canaccord Genuity Group lifted their price objective on Waystar from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Royal Bank of Canada boosted their price target on Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Waystar currently has an average rating of “Buy” and a consensus target price of $35.10.

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

(Get Free Report)

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

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