Jane Street Group LLC Makes New $539,000 Investment in Waystar Holding Corp. (NASDAQ:WAY)

Jane Street Group LLC bought a new position in Waystar Holding Corp. (NASDAQ:WAY) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 19,318 shares of the company’s stock, valued at approximately $539,000.

Other large investors have also bought and sold shares of the company. Amalgamated Bank purchased a new position in Waystar in the third quarter worth about $41,000. Smithfield Trust Co purchased a new position in Waystar in the third quarter worth about $68,000. RiverPark Advisors LLC purchased a new position in Waystar in the third quarter worth about $78,000. Cubist Systematic Strategies LLC purchased a new position in Waystar in the second quarter worth about $145,000. Finally, Stifel Financial Corp purchased a new position in Waystar in the third quarter worth about $204,000.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WAY shares. Bank of America boosted their price objective on shares of Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a report on Monday, October 14th. 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 report on Friday, November 22nd. The Goldman Sachs Group boosted their price objective on shares of Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Evercore ISI boosted their price objective on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Canaccord Genuity Group boosted their price objective on shares of Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a report on Friday. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $33.50.

Waystar Trading Up 2.9 %

WAY opened at $36.98 on Monday. Waystar Holding Corp. has a 1-year low of $20.26 and a 1-year high of $38.35. The stock has a 50 day moving average price of $32.46. 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 posted its quarterly 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 firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $223.82 million. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, equities research analysts expect that Waystar Holding Corp. will post 0.03 EPS for the current year.

Insider Buying and Selling

In related news, CFO Steven M. Oreskovich sold 16,666 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $33.89, for a total transaction of $564,810.74. Following the completion of the transaction, the chief financial officer now owns 173,642 shares in the company, valued at approximately $5,884,727.38. This represents a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

About Waystar

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