Waystar Holding Corp. (NASDAQ:WAY) Short Interest Update

Key Points

• Short interest jumped 57.2% to 11,741,218 shares as of Feb. 27, equal to 6.4% of the float and a days-to-cover ratio of 2.8.
• MarketBeat shows a consensus 'Buy' rating with a $37.06 price target, though several firms trimmed targets (e.g., Truist to $38) and Weiss downgraded the stock to a sell.
• Waystar missed EPS ($0.36 vs. $0.39 est.) while revenue rose 24.3% to $303.5M, and management set FY2026 guidance of 1.590–1.680 EPS.

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 11,741,218 shares, a growth of 57.2% from the February 12th total of 7,466,952 shares. Based on an average daily volume of 4,149,354 shares, the days-to-cover ratio is presently 2.8 days. Currently, 6.4% of the company's stock are sold short. Currently, 6.4% of the company's stock are sold short. Based on an average daily volume of 4,149,354 shares, the days-to-cover ratio is presently 2.8 days.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WAY shares. TD Cowen restated a "buy" rating on shares of Waystar in a research note on Wednesday, February 18th. Truist Financial reduced their price objective on shares of Waystar from $51.00 to $38.00 and set a "buy" rating on the stock in a research note on Wednesday, February 18th. Loop Capital set a $33.00 target price on shares of Waystar in a research report on Wednesday, February 18th. Weiss Ratings lowered shares of Waystar from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $41.00 price target on shares of Waystar in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Waystar has a consensus rating of "Buy" and a consensus price target of $37.06.

Insider Activity

In other news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $30.08, for a total transaction of $1,209,968.00. Following the completion of the transaction, the insider directly owned 474,826 shares in the company, valued at approximately $14,282,766.08. This represents a 7.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Waystar

Institutional investors have recently modified their holdings of the business. Salomon & Ludwin LLC bought a new position in Waystar in the third quarter worth about $25,000. ANTIPODES PARTNERS Ltd grew its holdings in shares of Waystar by 120.1% during the third quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company's stock valued at $31,000 after purchasing an additional 449 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Waystar during the 3rd quarter worth approximately $38,000. Smartleaf Asset Management LLC lifted its holdings in shares of Waystar by 6,005.3% in the 4th 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 last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Waystar by 3,219.0% in the 2nd 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 during the last quarter.

Waystar Stock Performance

WAY stock opened at $24.61 on Friday. The stock's 50 day simple moving average is $27.12 and its 200 day simple moving average is $33.08. Waystar has a 12-month low of $21.13 and a 12-month high of $42.55. The firm has a market cap of $4.72 billion, a P/E ratio of 40.34, a P/E/G ratio of 0.96 and a beta of 0.80. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.38.

Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.03). The business had revenue of $303.54 million during the quarter, compared to analyst estimates of $294.72 million. Waystar had a return on equity of 6.86% and a net margin of 10.20%.The business's revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. As a group, equities research analysts predict that Waystar will post 0.39 EPS for the current year.

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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