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) issued its earnings results on Wednesday. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.03, Briefing.com reports. The business had revenue of $270.65 million during the quarter, compared to analysts' expectations of $255.26 million. Waystar had a net margin of 8.50% and a return on equity of 5.65%. The company's quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 earnings per share. Waystar updated its FY 2025 guidance to 1.360-1.400 EPS.

Waystar Stock Up 0.6%

Shares of NASDAQ:WAY traded up $0.20 during trading on Tuesday, hitting $34.85. 1,228,499 shares of the company were exchanged, compared to its average volume of 1,870,472. The stock has a market capitalization of $6.07 billion, a P/E ratio of 72.60, a PEG ratio of 0.69 and a beta of 0.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.43 and a quick ratio of 3.43. Waystar has a 12-month low of $21.49 and a 12-month high of $48.11. The firm's 50 day moving average price is $38.29 and its 200-day moving average price is $38.84.

Insider Activity at Waystar

In other 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 transaction of $324,483.49. Following the completion of the sale, the chief technology officer owned 438,044 shares in the company, valued at approximately $16,483,595.72. The trade was a 1.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider T. Craig Bridge sold 85,000 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $37.09, for a total transaction of $3,152,650.00. Following the sale, the insider owned 682,843 shares of the company's stock, valued at $25,326,646.87. This represents a 11.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,778,726 shares of company stock worth $328,889,968 over the last 90 days. 4.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Waystar

A number of institutional investors have recently modified their holdings of WAY. Royal Bank of Canada increased its holdings in shares of Waystar by 11.3% in the 1st quarter. Royal Bank of Canada now owns 21,609 shares of the company's stock valued at $808,000 after acquiring an additional 2,195 shares during the period. AQR Capital Management LLC acquired a new position in Waystar in the 1st quarter valued at $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Waystar by 91.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,911 shares of the company's stock valued at $1,753,000 after buying an additional 22,364 shares during the period. NewEdge Advisors LLC acquired a new position in Waystar in the 1st quarter valued at $234,000. Finally, Goldman Sachs Group Inc. increased its stake in Waystar by 13.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 747,268 shares of the company's stock valued at $27,918,000 after buying an additional 88,256 shares during the period.

Wall Street Analyst Weigh In

WAY has been the subject of several recent analyst reports. TD Cowen upgraded shares of Waystar to a "strong-buy" rating in a research report on Thursday, June 5th. Barclays lowered their target price on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Citigroup assumed coverage on shares of Waystar in a research note on Wednesday, June 25th. They issued a "buy" rating and a $45.00 price objective for the company. Truist Financial raised their price objective on shares of Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, Canaccord Genuity Group lowered their price objective on shares of Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Twelve investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock 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.