Waystar Holding Corp. (NASDAQ:WAY) Receives Consensus Recommendation of "Buy" from Analysts

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) has earned an average rating of "Buy" from the fourteen ratings firms that are covering the company, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $42.23.

WAY has been the topic of a number of research reports. Truist Financial set a $50.00 target price on shares of Waystar and gave the stock a "buy" rating in a report on Wednesday, May 7th. Barclays reduced their target price on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Mizuho initiated coverage on shares of Waystar in a report on Monday, June 30th. They set an "outperform" rating and a $48.00 target price on the stock. Citigroup initiated coverage on shares of Waystar in a report on Wednesday, June 25th. They set a "buy" rating and a $45.00 target price on the stock. Finally, Canaccord Genuity Group reduced their target price on shares of Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a report on Thursday, May 1st.

Waystar Stock Down 0.6%

Shares of NASDAQ WAY opened at $37.41 on Friday. Waystar has a 12-month low of $20.74 and a 12-month high of $48.11. The stock has a market cap of $6.47 billion and a PE ratio of 415.71. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $39.27 and a 200 day moving average of $38.90.

Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. Waystar had a net margin of 2.67% and a return on equity of 3.10%. The business had revenue of $256.44 million during the quarter, compared to analysts' expectations of $248.47 million. The business's revenue for the quarter was up 14.1% on a year-over-year basis. As a group, sell-side analysts predict that Waystar will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling at Waystar

In related news, CTO Christopher L. Schremser sold 8,623 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $37.63, for a total value of $324,483.49. Following the completion of the sale, the chief technology officer directly owned 438,044 shares in the company, valued at approximately $16,483,595.72. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Canada Pension Plan Investment sold 616,704 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $37.39, for a total transaction of $23,058,562.56. Following the completion of the sale, the insider owned 24,964,225 shares of the company's stock, valued at approximately $933,412,372.75. The trade was a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,637,357 shares of company stock valued at $323,591,895. Corporate insiders own 4.10% of the company's stock.

Institutional Investors Weigh In On Waystar

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted 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 purchasing an additional 3,099,211 shares during the period. ArrowMark Colorado Holdings LLC boosted 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 purchasing an additional 79,944 shares during the period. Norges Bank purchased a new position in shares of Waystar in the fourth quarter valued at $119,387,000. Invesco Ltd. boosted its stake in shares of Waystar by 9,107.1% in the first quarter. Invesco Ltd. now owns 2,040,285 shares of the company's stock valued at $76,225,000 after purchasing an additional 2,018,125 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Waystar by 27.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,975,142 shares of the company's stock valued at $73,791,000 after purchasing an additional 427,337 shares during the period.

Waystar Company Profile

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

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