Waystar Holding Corp.’s (NASDAQ:WAY) Lock-Up Period To Expire on December 4th

Waystar’s (NASDAQ:WAY) lock-up period is set to end on Wednesday, December 4th. Waystar had issued 45,000,000 shares in its IPO on June 7th. The total size of the offering was $967,500,000 based on an initial share price of $21.50. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

WAY has been the subject of a number of analyst reports. Canaccord Genuity Group upped their price target on Waystar from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Evercore ISI raised their price target on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Bank of America lifted their price target on shares of Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. The Goldman Sachs Group raised their target price on Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price target on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $32.90.

Waystar Trading Down 0.3 %

NASDAQ:WAY opened at $30.87 on Wednesday. The stock has a 50-day moving average price of $28.64. Waystar has a one year low of $20.26 and a one year high of $33.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29.

Waystar (NASDAQ:WAY) last issued 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 for the quarter was up 21.7% compared to the same quarter last year. Equities research analysts predict that Waystar will post 0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Waystar

A number of large investors have recently bought and sold shares of the business. Cerity Partners LLC lifted its stake in Waystar by 1.5% in the third 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 during the last quarter. Amalgamated Bank bought a new stake in Waystar in the 3rd quarter valued at about $41,000. Smithfield Trust Co acquired a new position in Waystar during the 3rd quarter valued at about $68,000. RiverPark Advisors LLC bought a new position in Waystar in the 3rd quarter worth about $78,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Waystar during the second quarter valued at approximately $145,000.

Waystar Company Profile

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