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

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

Institutional Trading of Waystar

A number of hedge funds have recently modified their holdings of the stock. Amalgamated Bank acquired a new stake in shares of Waystar during the third quarter worth $41,000. Smithfield Trust Co bought a new stake in Waystar in the 3rd quarter valued at about $68,000. RiverPark Advisors LLC acquired a new position in shares of Waystar during the 3rd quarter worth approximately $78,000. Cubist Systematic Strategies LLC bought a new position in shares of Waystar during the second quarter worth approximately $145,000. Finally, Stifel Financial Corp bought a new stake in shares of Waystar in the third quarter valued at approximately $204,000.

Analyst Ratings Changes

Several brokerages have issued reports on WAY. Evercore ISI increased their price target on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report 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 objective for the company in a research report on Friday, November 22nd. Royal Bank of Canada lifted their price target on Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their price target on Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Canaccord Genuity Group increased their target price on shares of Waystar from $30.00 to $36.00 and gave the stock a “buy” 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 stock. According to data from MarketBeat.com, Waystar currently has an average rating of “Buy” and an average price target of $32.90.

Waystar Trading Down 0.4 %

Waystar stock opened at $34.07 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29. The stock’s 50-day simple moving average is $29.76. Waystar has a 52 week low of $20.26 and a 52 week high of $34.60.

Waystar (NASDAQ:WAY) last posted its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $223.82 million. Waystar’s revenue was up 21.7% on a year-over-year basis. On average, sell-side analysts anticipate that Waystar will post 0.03 earnings per share for the current year.

About Waystar

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