Waystar Holding Corp. (NASDAQ:WAY) Short Interest Up 36.6% in November

Waystar Holding Corp. (NASDAQ:WAY) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 4,400,000 shares, a growth of 36.6% from the November 15th total of 3,220,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the short-interest ratio is presently 4.4 days. Approximately 5.6% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WAY shares. Canaccord Genuity Group lifted their price objective on Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target on the stock in a research report on Friday, November 22nd. Royal Bank of Canada increased their price objective on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their target price on shares of Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Evercore ISI upped their price target on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $32.90.

Waystar Trading Down 0.4 %

NASDAQ:WAY opened at $34.07 on Friday. Waystar has a one year low of $20.26 and a one year high of $34.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a 50-day simple moving average of $29.76.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $223.82 million. Waystar’s quarterly revenue was up 21.7% compared to the same quarter last year. Sell-side analysts forecast that Waystar will post 0.03 earnings per share for the current year.

Institutional Investors Weigh In On Waystar

Large investors have recently added to or reduced their stakes in the stock. Amalgamated Bank acquired a new stake in shares of Waystar in the 3rd quarter worth about $41,000. Smithfield Trust Co acquired a new stake in shares of Waystar in the third quarter valued at approximately $68,000. RiverPark Advisors LLC bought a new stake in shares of Waystar during the third quarter valued at approximately $78,000. Cubist Systematic Strategies LLC acquired a new position in shares of Waystar during the second quarter worth approximately $145,000. Finally, Stifel Financial Corp bought a new position in Waystar in the 3rd quarter worth approximately $204,000.

Waystar Company Profile

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