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

Goldentree Asset Management LP decreased its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY) by 54.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 473,045 shares of the company’s stock after selling 556,194 shares during the period. Waystar makes up about 1.1% of Goldentree Asset Management LP’s portfolio, making the stock its 25th largest position. Goldentree Asset Management LP owned approximately 0.27% of Waystar worth $13,193,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WAY. Ghisallo Capital Management LLC purchased a new stake in shares of Waystar in the second quarter valued at about $12,900,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Waystar in the 2nd quarter valued at about $27,950,000. Sculptor Capital LP bought a new position in shares of Waystar during the 2nd quarter worth approximately $791,000. Point72 DIFC Ltd purchased a new position in shares of Waystar in the 2nd quarter worth approximately $3,935,000. Finally, American Century Companies Inc. bought a new position in shares of Waystar in the second quarter valued at approximately $28,357,000.

Waystar Trading Down 0.9 %

Shares of NASDAQ WAY opened at $30.59 on Friday. 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 Holding Corp. has a fifty-two week low of $20.26 and a fifty-two week high of $33.25. The company has a fifty day moving average of $28.79.

Waystar (NASDAQ:WAY) last posted its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $223.82 million. The firm’s revenue was up 21.7% on a year-over-year basis. As a group, sell-side analysts forecast that Waystar Holding Corp. will post 0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WAY has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, August 19th. Canaccord Genuity Group increased their price target on shares of Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Bank of America lifted their price objective on shares of Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a research 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 target price for the company in a research report on Friday, November 22nd. Finally, Evercore ISI lifted their price target on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $32.90.

Waystar Profile

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