Short Interest in Waystar Holding Corp. (NASDAQ:WAY) Rises By 25.5%

Posted by Defense World Staff on Jan 18th, 2025

Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 5,760,000 shares, a growth of 25.5% from the December 15th total of 4,590,000 shares. Approximately 7.4% of the company’s shares are short sold. Based on an average trading volume of 1,060,000 shares, the short-interest ratio is currently 5.4 days.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WAY. Canaccord Genuity Group lifted their price target on shares of Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Raymond James raised Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research note on Friday, November 22nd. Royal Bank of Canada lifted their target price on Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their price target on shares of Waystar from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Bank of America lifted their price objective on shares of Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a report on Monday, January 6th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $35.10.

Read Our Latest Stock Analysis on Waystar

Insider Activity at Waystar

In related news, CFO Steven M. Oreskovich sold 16,666 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $33.89, for a total transaction of $564,810.74. Following the completion of the sale, the chief financial officer now directly owns 173,642 shares of the company’s stock, valued at approximately $5,884,727.38. This trade represents a 8.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. M&T Bank Corp lifted its stake in Waystar by 116.6% during the third quarter. M&T Bank Corp now owns 63,746 shares of the company’s stock worth $1,778,000 after purchasing an additional 34,316 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Waystar by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company’s stock worth $37,531,000 after buying an additional 96,552 shares during the last quarter. Ghisallo Capital Management LLC acquired a new position in shares of Waystar in the 2nd quarter valued at $12,900,000. Barclays PLC grew its position in shares of Waystar by 701.7% in the 3rd quarter. Barclays PLC now owns 64,934 shares of the company’s stock valued at $1,811,000 after buying an additional 56,834 shares during the last quarter. Finally, State Street Corp acquired a new stake in Waystar during the 3rd quarter worth $16,816,000.

Waystar Stock Performance

Shares of Waystar stock opened at $37.47 on Friday. 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 has a 52-week low of $20.26 and a 52-week high of $38.35. The company has a 50 day moving average of $33.99 and a 200 day moving average of $28.59.

Waystar (NASDAQ:WAY – Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $223.82 million. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. On average, research analysts predict that Waystar will post 0.03 EPS for the current fiscal year.