Waystar Holding Corp. (NASDAQ:WAY) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Waystar Holding Corp. (NASDAQ:WAY) has received an average analyst recommendation of "Buy", with 12 out of 16 ratings issued as buy or strong buy.
• The average 12-month target price for Waystar's stock is $45.50, indicating potential growth based on recent analyst ratings.
• Insider trading has been notable, with CFO Steven M. Oreskovich and CEO Matthew J. Hawkins selling significant shares, collectively valued at over $1.16 million.

Shares of Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) have earned an average recommendation of "Buy" from the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $45.50.

A number of equities analysts have recently weighed in on WAY shares. Truist Financial boosted 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. Baird R W raised Waystar to a "strong-buy" rating in a research report on Friday, September 5th. Wall Street Zen raised Waystar from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. Barclays assumed coverage on Waystar in a research report on Tuesday, October 14th. They issued an "overweight" rating and a $50.00 price objective for the company. Finally, JMP Securities assumed coverage on Waystar in a research report on Thursday, September 18th. They issued a "market outperform" rating and a $48.00 price objective for the company.

Insiders Place Their Bets

In other news, CFO Steven M. Oreskovich sold 16,666 shares of Waystar stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $40.49, for a total value of $674,806.34. Following the completion of the sale, the chief financial officer owned 354,512 shares of the company's stock, valued at $14,354,190.88. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew J. Hawkins sold 12,800 shares of Waystar stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $38.08, for a total value of $487,424.00. Following the completion of the sale, the chief executive officer directly owned 717,474 shares of the company's stock, valued at approximately $27,321,409.92. This represents a 1.75% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,536,548 shares of company stock valued at $177,628,838. 4.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Waystar

A number of institutional investors have recently added to or reduced their stakes in WAY. Cambridge Investment Research Advisors Inc. purchased a new stake in Waystar during the first quarter valued at about $212,000. Westwind Capital purchased a new stake in Waystar during the first quarter valued at about $15,506,000. KBC Group NV purchased a new stake in Waystar during the first quarter valued at about $109,000. Amalgamated Bank grew its position in Waystar by 84.1% during the first quarter. Amalgamated Bank now owns 2,716 shares of the company's stock valued at $101,000 after acquiring an additional 1,241 shares during the period. Finally, Smith Group Asset Management LLC purchased a new stake in Waystar during the first quarter valued at about $480,000.

Waystar Stock Performance

NASDAQ WAY opened at $36.98 on Monday. Waystar has a fifty-two week low of $26.95 and a fifty-two week high of $48.11. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 77.04, a price-to-earnings-growth ratio of 0.67 and a beta of 0.69. The business has a fifty day moving average of $37.30 and a 200-day moving average of $37.74. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.39.

Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm posted $0.04 earnings per share. The business's revenue for the quarter was up 15.4% compared to the same quarter last year. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. As a group, analysts predict that Waystar will post 0.39 earnings per share for the current fiscal year.

About Waystar

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

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