Waystar Holding Corp. (NASDAQ:WAY) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analyst sentiment is bullish: Twenty-five analysts give Waystar an average “Moderate Buy” rating, with 19 buys and three strong buys. The average 12-month price target is $35, compared with a recent price of $24.78.
• Waystar exceeded quarterly expectations: The company reported adjusted EPS of $0.43 versus the $0.40 consensus estimate and revenue of $319.67 million, up 18.1% year over year.
• Insider activity included a CEO sale: CEO Matthew J. Hawkins sold 60,038 shares for approximately $1.5 million under a pre-arranged Rule 10b5-1 trading plan, while institutional investors have recently increased their positions.

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-five analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $35.00.

WAY has been the subject of a number of recent research reports. Raymond James Financial reissued a "strong-buy" rating and issued a $32.00 target price on shares of Waystar in a research report on Thursday, April 30th. Barclays lifted their price objective on shares of Waystar from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Wolfe Research raised shares of Waystar to an "outperform" rating in a report on Thursday. Wall Street Zen lowered shares of Waystar from a "buy" rating to a "hold" rating in a research report on Sunday, May 24th. Finally, Weiss Ratings lowered shares of Waystar from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, June 24th.

Waystar Stock Performance

NASDAQ:WAY opened at $24.78 on Friday. The stock has a 50 day simple moving average of $21.62 and a 200 day simple moving average of $22.78. The stock has a market cap of $4.75 billion, a P/E ratio of 35.40, a PEG ratio of 0.96 and a beta of 0.06. Waystar has a 1-year low of $17.26 and a 1-year high of $41.47. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36.

Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. The firm had revenue of $319.67 million for the quarter, compared to analyst estimates of $316.21 million. Waystar had a return on equity of 7.03% and a net margin of 11.18%.The company's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS. Research analysts anticipate that Waystar will post 1.47 earnings per share for the current year.

Insider Activity

In related news, CEO Matthew J. Hawkins sold 60,038 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $25.01, for a total value of $1,501,550.38. Following the completion of the sale, the chief executive officer directly owned 1,835,081 shares in the company, valued at approximately $45,895,375.81. The trade was a 3.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.50% of the company's stock.

Hedge Funds Weigh In On Waystar

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC grew its holdings in shares of Waystar by 6,475.0% during the 1st quarter. Root Financial Partners LLC now owns 1,052 shares of the company's stock worth $25,000 after purchasing an additional 1,036 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Waystar by 6,005.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company's stock worth $38,000 after purchasing an additional 1,141 shares during the period. EverSource Wealth Advisors LLC raised its stake in Waystar by 3,219.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company's stock valued at $57,000 after purchasing an additional 1,352 shares in the last quarter. Essential Partners LLC raised its stake in Waystar by 1,432.7% in the first quarter. Essential Partners LLC now owns 1,548 shares of the company's stock valued at $37,000 after purchasing an additional 1,447 shares in the last quarter. Finally, Danske Bank A S bought a new stake in Waystar during the fourth quarter worth about $52,000.

Waystar Company Profile

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.

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