Lisanti Capital Growth LLC Makes New $4 Million Investment in Waystar Holding Corp. $WAY

Lisanti Capital Growth LLC purchased a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 105,540 shares of the company’s stock, valued at approximately $4,002,000. Lisanti Capital Growth LLC owned 0.06% of Waystar as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Salomon & Ludwin LLC bought a new position in shares of Waystar during the 3rd quarter valued at approximately $25,000. First Horizon Corp purchased a new position in Waystar during the third quarter valued at approximately $38,000. Nisa Investment Advisors LLC boosted its position in shares of Waystar by 50.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock worth $44,000 after purchasing an additional 358 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Waystar by 3,219.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after purchasing an additional 1,352 shares in the last quarter. Finally, State of Wyoming raised its position in shares of Waystar by 45.1% during the 2nd quarter. State of Wyoming now owns 2,098 shares of the company’s stock valued at $86,000 after purchasing an additional 652 shares during the period.

Insider Transactions at Waystar

In other news, CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $36.12, for a total value of $311,462.76. Following the completion of the transaction, the chief technology officer owned 422,371 shares in the company, valued at approximately $15,256,040.52. The trade was a 2.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $37.00, for a total value of $125,800.00. Following the sale, the chief marketing officer owned 193,261 shares in the company, valued at $7,150,657. The trade was a 1.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 80,273 shares of company stock worth $2,569,997. 4.10% of the stock is currently owned by company insiders.

Waystar Stock Down 0.6%

Shares of NASDAQ:WAY opened at $26.56 on Friday. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 42.84, a PEG ratio of 0.33 and a beta of 0.76. Waystar Holding Corp. has a 12 month low of $26.20 and a 12 month high of $48.11. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $32.33 and a 200 day moving average price of $35.31.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on WAY shares. UBS Group assumed coverage on shares of Waystar in a report on Monday, December 15th. They issued a “buy” rating and a $41.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Waystar in a research report on Wednesday, January 21st. Barclays dropped their price objective on Waystar from $56.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. The Goldman Sachs Group set a $44.00 target price on Waystar in a research note on Wednesday, January 14th. Finally, Mizuho boosted their price target on Waystar from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $46.64.

About Waystar

Waystar (NASDAQ:WAY) is a leading provider of cloud-based revenue cycle management and payment solutions for healthcare organizations. The company’s unified platform streamlines the entire financial continuum of patient care, from eligibility verification and claim submission to payment reconciliation and patient billing. By automating key processes and improving claim accuracy, Waystar helps providers reduce administrative overhead, accelerate cash flow and enhance overall revenue performance.

At the core of Waystar’s offering is a SaaS-based architecture that integrates seamlessly with existing electronic health record (EHR) systems and payer networks.