Waystar Holding Corp. (NASDAQ:WAY) Short Interest Update

Waystar Holding Corp. (NASDAQ:WAY) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 4,430,000 shares, an increase of 50.2% from the February 28th total of 2,950,000 shares. Currently, 4.6% of the company’s shares are sold short. Based on an average daily trading volume, of 1,980,000 shares, the days-to-cover ratio is currently 2.2 days.

Waystar Stock Down 1.8 %

WAY stock opened at $37.83 on Monday. The business has a 50 day simple moving average of $40.22 and a 200-day simple moving average of $34.40. Waystar has a twelve month low of $20.26 and a twelve month high of $48.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29.

Waystar (NASDAQ:WAY) last announced its earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.11. The business had revenue of $244.10 million during the quarter, compared to analysts’ expectations of $232.29 million. As a group, equities analysts expect that Waystar will post 0.39 EPS for the current year.

Insider Buying and Selling at Waystar

In other news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $42.15, for a total value of $143,310.00. Following the completion of the sale, the chief marketing officer now owns 43,478 shares of the company’s stock, valued at $1,832,597.70. This represents a 7.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul G. Moskowitz sold 5,652,689 shares of Waystar stock in a transaction on Monday, February 24th. The shares were sold at an average price of $38.60, for a total value of $218,193,795.40. Following the completion of the sale, the director now owns 22,327,728 shares in the company, valued at $861,850,300.80. This represents a 20.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,356,171 shares of company stock worth $526,733,651 in the last three months.

Institutional Investors Weigh In On Waystar

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Waystar by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company’s stock valued at $37,531,000 after buying an additional 96,552 shares during the period. M&T Bank Corp lifted its holdings in Waystar by 116.6% in the third quarter. M&T Bank Corp now owns 63,746 shares of the company’s stock valued at $1,778,000 after acquiring an additional 34,316 shares during the period. Barclays PLC lifted its holdings in Waystar by 701.7% in the third quarter. Barclays PLC now owns 64,934 shares of the company’s stock valued at $1,811,000 after acquiring an additional 56,834 shares during the period. State Street Corp purchased a new stake in shares of Waystar during the 3rd quarter worth $16,816,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Waystar during the 3rd quarter worth $10,224,000.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WAY shares. The Goldman Sachs Group raised their price target on Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Canaccord Genuity Group lifted their target price on Waystar from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Truist Financial started coverage on shares of Waystar in a research note on Friday, March 14th. They set a “buy” rating and a $45.00 price target on the stock. Jefferies Financial Group began coverage on shares of Waystar in a research note on Tuesday, February 11th. They issued a “buy” rating and a $51.00 price objective for the company. Finally, Bank of America upped their target price on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Twelve equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $40.75.

Waystar Company Profile

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