Magnetar Financial LLC acquired a new position in shares of Waystar Holding Corp. (NASDAQ:WAY – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 116,048 shares of the company’s stock, valued at approximately $2,495,000. Magnetar Financial LLC owned approximately 0.07% of Waystar at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. American Century Companies Inc. acquired a new stake in shares of Waystar in the 2nd quarter valued at $28,357,000. Canada Pension Plan Investment Board acquired a new position in Waystar in the second quarter valued at approximately $800,003,000. TD Asset Management Inc bought a new position in Waystar in the second quarter valued at approximately $1,633,000. Federated Hermes Inc. acquired a new stake in shares of Waystar during the second quarter worth $430,000. Finally, Sei Investments Co. bought a new position in Waystar during the second quarter worth about $1,435,000.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Waystar from $27.00 to $31.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Canaccord Genuity Group assumed coverage on shares of Waystar in a research report on Tuesday, July 2nd. They set a “buy” rating and a $30.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, August 19th. Barclays initiated coverage on Waystar in a research note on Tuesday, July 2nd. They issued an “overweight” rating and a $24.00 price target on the stock. Finally, Evercore ISI raised their price objective on shares of Waystar from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $28.90.
Waystar Stock Performance
NASDAQ:WAY opened at $27.33 on Tuesday. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $28.57. The stock’s 50 day simple moving average is $25.10.
Waystar (NASDAQ:WAY – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $234.50 million for the quarter, compared to the consensus estimate of $216.25 million. During the same period in the prior year, the business earned ($0.07) EPS. Waystar’s quarterly revenue was up 19.6% on a year-over-year basis. On average, analysts expect that Waystar Holding Corp. will post -0.08 earnings per share for the current fiscal year.
Waystar Company Profile
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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