Waystar (NASDAQ:WAY) Posts Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• Waystar reported earnings of $0.36 per share, exceeding estimates of $0.33 by $0.03, with revenue of $270.65 million for the quarter, up 15.4% year-over-year.
• The company updated its fiscal year 2025 guidance to an EPS range of $1.360-$1.400.
• Insider selling activity included Director Paul G. Moskowitz offloading over 3 million shares, marking a 13.85% decrease in ownership.

Waystar (NASDAQ:WAY - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03, Briefing.com reports. Waystar had a net margin of 8.50% and a return on equity of 5.69%. The company had revenue of $270.65 million during the quarter, compared to analyst estimates of $255.26 million. During the same quarter in the previous year, the business earned $0.04 EPS. The firm's revenue was up 15.4% on a year-over-year basis. Waystar updated its FY 2025 guidance to 1.360-1.400 EPS.

Waystar Trading Up 3.8%

Shares of WAY opened at $36.98 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.12 and a current ratio of 3.12. Waystar has a 52-week low of $20.74 and a 52-week high of $48.11. The firm has a market cap of $6.44 billion and a price-to-earnings ratio of 77.04. The business's fifty day moving average is $38.43 and its 200-day moving average is $38.85.

Insider Transactions at Waystar

In related news, Director Paul G. Moskowitz sold 3,012,253 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $37.39, for a total transaction of $112,628,139.67. Following the completion of the transaction, the director directly owned 18,742,283 shares of the company's stock, valued at $700,773,961.37. This trade represents a 13.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider T. Craig Bridge sold 85,000 shares of Waystar stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $37.09, for a total value of $3,152,650.00. Following the completion of the transaction, the insider directly owned 682,843 shares in the company, valued at approximately $25,326,646.87. This represents a 11.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,778,726 shares of company stock valued at $328,889,968. 4.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Waystar

Several institutional investors have recently made changes to their positions in WAY. Goldman Sachs Group Inc. boosted its position in Waystar by 13.4% in the first quarter. Goldman Sachs Group Inc. now owns 747,268 shares of the company's stock worth $27,918,000 after purchasing an additional 88,256 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Waystar by 380.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 171,338 shares of the company's stock worth $6,401,000 after acquiring an additional 135,661 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Waystar by 91.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,911 shares of the company's stock worth $1,753,000 after acquiring an additional 22,364 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Waystar by 94.9% during the first quarter. Intech Investment Management LLC now owns 36,622 shares of the company's stock valued at $1,368,000 after acquiring an additional 17,830 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Waystar by 11.3% during the 1st quarter. Royal Bank of Canada now owns 21,609 shares of the company's stock valued at $808,000 after purchasing an additional 2,195 shares during the period.

Analysts Set New Price Targets

WAY has been the topic of a number of research reports. TD Cowen upgraded shares of Waystar to a "strong-buy" rating in a research note on Thursday, June 5th. Canaccord Genuity Group decreased their target price on Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Citigroup began coverage on Waystar in a report on Wednesday, June 25th. They set a "buy" rating and a $45.00 price target for the company. Barclays decreased their price target on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Mizuho began coverage on shares of Waystar in a research note on Monday, June 30th. They issued an "outperform" rating and a $48.00 price objective for the company. Twelve equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $42.31.

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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