SG Americas Securities LLC Invests $717,000 in Waystar Holding Corp. (NASDAQ:WAY)

SG Americas Securities LLC bought a new stake in Waystar Holding Corp. (NASDAQ:WAY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,715 shares of the company’s stock, valued at approximately $717,000.

A number of other institutional investors also recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new position in shares of Waystar during the second quarter valued at about $145,000. Scientech Research LLC purchased a new position in shares of Waystar during the 2nd quarter valued at $289,000. Federated Hermes Inc. bought a new position in Waystar during the second quarter worth about $430,000. Sculptor Capital LP purchased a new position in Waystar in the 2nd quarter valued at approximately $791,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Waystar during the 2nd quarter valued at $813,000.

Analyst Upgrades and Downgrades

WAY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Waystar from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Canaccord Genuity Group began coverage on Waystar in a report on Tuesday, July 2nd. They set a “buy” rating and a $30.00 target price for the company. Bank of America assumed coverage on Waystar in a report on Tuesday, July 2nd. They set a “buy” rating and a $27.00 target price on the stock. Canaccord Genuity Group assumed coverage on Waystar in a research note on Tuesday, July 2nd. They issued a “buy” rating and a $30.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Waystar in a report on Tuesday, July 2nd. They issued a “buy” rating and a $32.00 target price for the company. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $29.40.

Waystar Price Performance

Shares of WAY stock opened at $27.88 on Monday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.46. Waystar Holding Corp. has a 52-week low of $20.26 and a 52-week high of $28.57. The company has a 50-day moving average of $26.37.

Waystar (NASDAQ:WAY) last announced its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $234.50 million during the quarter, compared to analyst estimates of $216.25 million. During the same quarter last year, the business earned ($0.07) EPS. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, sell-side analysts expect that Waystar Holding Corp. will post -0.08 EPS for the current year.

Waystar Company Profile

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