Short Interest in Waystar Holding Corp. (NASDAQ:WAY) Increases By 25.5%

Posted by Stephan Jacobs on Jan 31st, 2025

Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 5,760,000 shares, an increase of 25.5% from the December 31st total of 4,590,000 shares. Based on an average trading volume of 1,060,000 shares, the short-interest ratio is currently 5.4 days. Currently, 7.4% of the shares of the stock are short sold.

Waystar Price Performance

Shares of Waystar stock opened at $41.54 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar has a one year low of $20.26 and a one year high of $41.74. The business has a 50-day simple moving average of $35.38 and a 200 day simple moving average of $29.68.

Waystar (NASDAQ:WAY – Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) 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% on a year-over-year basis. As a group, analysts anticipate that Waystar will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WAY shares. Canaccord Genuity Group raised their price target on shares of Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Bank of America increased their price target on Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group upped their target price on Waystar from $39.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada raised their price target on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Evercore ISI increased their price objective on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $35.10.

Read Our Latest Research Report on Waystar

Insider Buying and Selling at Waystar

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. M&T Bank Corp raised its stake in shares of Waystar by 116.6% during the 3rd quarter. M&T Bank Corp now owns 63,746 shares of the company’s stock worth $1,778,000 after purchasing an additional 34,316 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Waystar by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company’s stock valued at $37,531,000 after acquiring an additional 96,552 shares during the period. Ghisallo Capital Management LLC purchased a new position in Waystar during the second quarter valued at approximately $12,900,000. Barclays PLC lifted its stake in Waystar by 701.7% in the 3rd quarter. Barclays PLC now owns 64,934 shares of the company’s stock worth $1,811,000 after purchasing an additional 56,834 shares in the last quarter. Finally, State Street Corp purchased a new position in shares of Waystar during the 3rd quarter valued at $16,816,000.