183,032 Shares in Waystar Holding Corp. (NASDAQ:WAY) Bought by Point72 DIFC Ltd

Point72 DIFC Ltd acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 183,032 shares of the company’s stock, valued at approximately $3,935,000. Point72 DIFC Ltd owned 0.11% of Waystar as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Canada Pension Plan Investment Board purchased a new position in Waystar in the 2nd quarter worth $800,003,000. American Century Companies Inc. purchased a new position in Waystar during the second quarter valued at $28,357,000. Peregrine Capital Management LLC purchased a new stake in Waystar in the second quarter worth about $9,010,000. Marshall Wace LLP bought a new position in shares of Waystar during the second quarter valued at approximately $6,259,000. Finally, Davidson Kempner Capital Management LP purchased a new position in shares of Waystar during the second quarter valued at approximately $4,300,000.

Waystar Stock Performance

WAY stock opened at $27.33 on Tuesday. The firm has a 50-day moving average price of $25.10. Waystar Holding Corp. has a fifty-two week low of $20.26 and a fifty-two week high of $28.57.

Waystar (NASDAQ:WAY) last announced its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The business had revenue of $234.50 million for the quarter, compared to the consensus estimate of $216.25 million. During the same quarter last year, the firm posted ($0.07) earnings per share. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. On average, equities analysts predict that Waystar Holding Corp. will post -0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

WAY has been the topic of several recent research reports. Canaccord Genuity Group assumed coverage on Waystar in a research note on Tuesday, July 2nd. They issued a “buy” rating and a $30.00 price target on the stock. Barclays began coverage on Waystar in a research report on Tuesday, July 2nd. They issued an “overweight” rating and a $24.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, August 19th. Bank of America initiated coverage on shares of Waystar in a report on Tuesday, July 2nd. They issued a “buy” rating and a $27.00 target price for the company. Finally, William Blair assumed coverage on shares of Waystar in a report on Tuesday, July 2nd. They set an “outperform” rating on the stock. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $28.90.

Waystar Profile

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