Waystar Holding Corp. (NASDAQ:WAY) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Waystar Holding Corp. has received a consensus rating of "Buy" from twelve analysts, with an average price target of $44.73.
• Recent insider sales included T. Craig Bridge, who sold 85,000 shares for over $3.15 million, reducing his stake by 11.07%.
• In the last quarter, several institutional investors increased their holdings, notably Squarepoint Ops, which raised its stake by 473.9%.

Shares of Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) have been assigned a consensus rating of "Buy" from the twelve analysts that are covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $44.7273.

Several brokerages have issued reports on WAY. Truist Financial increased their price target on Waystar from $50.00 to $51.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Citigroup began coverage on Waystar in a report on Wednesday, June 25th. They issued a "buy" rating and a $45.00 target price on the stock. TD Cowen upgraded Waystar to a "strong-buy" rating in a report on Thursday, June 5th. Finally, Mizuho began coverage on Waystar in a report on Monday, June 30th. They set an "outperform" rating and a $48.00 price target on the stock.

Waystar Trading Up 0.6%

Shares of WAY stock traded up $0.23 on Friday, hitting $37.27. The company had a trading volume of 542,695 shares, compared to its average volume of 1,835,793. The firm has a market cap of $6.49 billion, a P/E ratio of 77.64, a P/E/G ratio of 0.69 and a beta of 0.78. The stock's 50-day moving average is $36.89 and its two-hundred day moving average is $38.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.43 and a current ratio of 3.43. Waystar has a twelve month low of $25.76 and a twelve month high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. Waystar had a return on equity of 5.65% and a net margin of 8.50%.The company had revenue of $270.65 million during the quarter, compared to analysts' expectations of $255.26 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The business's quarterly revenue was up 15.4% on a year-over-year basis. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. On average, equities research analysts anticipate that Waystar will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Waystar

In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $37.01, for a total value of $125,834.00. Following the sale, the chief marketing officer directly owned 193,261 shares in the company, valued at $7,152,589.61. The trade was a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew J. Hawkins sold 46,667 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $34.66, for a total value of $1,617,478.22. Following the completion of the sale, the chief executive officer owned 764,131 shares in the company, valued at approximately $26,484,780.46. The trade was a 5.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 246,411 shares of company stock valued at $9,110,688 in the last ninety days. 4.10% of the stock is owned by corporate insiders.

Institutional Trading of Waystar

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Waystar by 62.1% in the first quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company's stock valued at $302,263,000 after buying an additional 3,099,211 shares during the period. William Blair Investment Management LLC raised its stake in shares of Waystar by 23.9% in the second quarter. William Blair Investment Management LLC now owns 5,239,365 shares of the company's stock valued at $214,133,000 after buying an additional 1,011,940 shares during the period. ArrowMark Colorado Holdings LLC raised its stake in shares of Waystar by 2.3% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 3,482,238 shares of the company's stock valued at $127,798,000 after buying an additional 79,944 shares during the period. Alliancebernstein L.P. grew its position in shares of Waystar by 3,883.4% in the second quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company's stock valued at $133,601,000 after purchasing an additional 3,186,869 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Waystar by 14.9% in the second quarter. Geode Capital Management LLC now owns 2,376,932 shares of the company's stock valued at $97,155,000 after purchasing an additional 309,119 shares in the last quarter.

About Waystar

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