Goldentree Asset Management LP Sells 556,194 Shares of Waystar Holding Corp. (NASDAQ:WAY)

Goldentree Asset Management LP cut its stake in shares of Waystar Holding Corp. (NASDAQ:WAY) by 54.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 473,045 shares of the company’s stock after selling 556,194 shares during the period. Waystar makes up 1.1% of Goldentree Asset Management LP’s portfolio, making the stock its 25th biggest position. Goldentree Asset Management LP’s holdings in Waystar were worth $13,193,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cerity Partners LLC raised its holdings in shares of Waystar by 1.5% during the 3rd quarter. Cerity Partners LLC now owns 46,699 shares of the company’s stock valued at $1,302,000 after buying an additional 699 shares in the last quarter. Amalgamated Bank purchased a new position in shares of Waystar during the third quarter worth approximately $41,000. Smithfield Trust Co bought a new stake in shares of Waystar in the 3rd quarter worth approximately $68,000. RiverPark Advisors LLC purchased a new stake in shares of Waystar in the 3rd quarter valued at $78,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Waystar during the 2nd quarter valued at $145,000.

Waystar Stock Down 0.9 %

Waystar stock opened at $30.59 on Friday. Waystar Holding Corp. has a fifty-two week low of $20.26 and a fifty-two week high of $33.25. The firm’s 50 day moving average price is $28.79. 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 (NASDAQ:WAY) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $223.82 million. The business’s revenue was up 21.7% compared to the same quarter last year. Sell-side analysts forecast that Waystar Holding Corp. will post 0.03 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target for the company in a research note on Friday, November 22nd. Evercore ISI boosted their target price on Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised 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. JPMorgan Chase & Co. boosted their price objective on Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, August 19th. Finally, Canaccord Genuity Group lifted their target price on shares of Waystar from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Waystar has an average rating of “Buy” and an average price target of $32.90.

About Waystar

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