Waystar's (WAY) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Waystar's stock has a current rating of "Hold (C)", reaffirmed by Weiss Ratings, while several other firms have assigned ratings ranging from "outperform" to "strong-buy" with price objectives up to $50.00.
• The company's latest earnings report showed a 15.4% year-over-year revenue increase to $270.65 million, with earnings per share of $0.36, surpassing analysts' expectations.
• Insiders have sold over 4.5 million shares of Waystar stock recently, indicating a 23.79% decrease in the position held by Director Paul G. Moskowitz.

Waystar (NASDAQ:WAY - Get Free Report)'s stock had its "hold (c)" rating reiterated by research analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

A number of other research firms have also recently issued reports on WAY. Robert W. Baird assumed coverage on shares of Waystar in a research report on Friday, September 5th. They set an "outperform" rating and a $44.00 price objective on the stock. Mizuho assumed coverage on shares of Waystar in a research report on Monday, June 30th. They set an "outperform" rating and a $48.00 price objective on the stock. Baird R W raised shares of Waystar to a "strong-buy" rating in a research report on Friday, September 5th. Barclays assumed coverage on shares of Waystar in a research report on Tuesday, October 14th. They set an "overweight" rating and a $50.00 price objective on the stock. Finally, Citigroup began coverage on shares of Waystar in a research report on Thursday, September 18th. They set an "outperform" rating on the stock. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $45.50.

Waystar Trading Up 2.5%

WAY traded up $0.94 during trading on Friday, reaching $38.97. 2,696,776 shares of the stock traded hands, compared to its average volume of 2,117,560. The stock has a market capitalization of $6.79 billion, a PE ratio of 81.19, a P/E/G ratio of 0.69 and a beta of 0.69. The stock's 50-day moving average is $37.51 and its 200 day moving average is $37.77. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.39. Waystar has a 12 month low of $27.18 and a 12 month high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. The company had revenue of $270.65 million for 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 business's revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 EPS. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. Equities analysts anticipate that Waystar will post 0.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Paul G. Moskowitz sold 4,295,139 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $39.21, for a total value of $168,412,400.19. Following the transaction, the director owned 13,759,910 shares of the company's stock, valued at approximately $539,526,071.10. This trade represents a 23.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven M. Oreskovich sold 16,666 shares of the firm's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $40.49, for a total transaction of $674,806.34. Following the completion of the transaction, the chief financial officer directly owned 354,512 shares in the company, valued at approximately $14,354,190.88. The trade was a 4.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,546,249 shares of company stock worth $177,987,193 in the last 90 days. Company insiders own 4.10% of the company's stock.

Institutional Investors Weigh In On Waystar

Several institutional investors and hedge funds have recently added to or reduced their stakes in WAY. Alliancebernstein L.P. increased its stake in Waystar by 3,883.4% in the 2nd quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company's stock valued at $133,601,000 after buying an additional 3,186,869 shares during the last quarter. Vanguard Group Inc. increased its stake in Waystar by 62.1% in the 1st quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company's stock valued at $302,263,000 after buying an additional 3,099,211 shares during the last quarter. Invesco Ltd. increased its stake in Waystar by 9,107.1% in the 1st quarter. Invesco Ltd. now owns 2,040,285 shares of the company's stock valued at $76,225,000 after buying an additional 2,018,125 shares during the last quarter. Norges Bank purchased a new stake in Waystar in the 2nd quarter valued at about $46,577,000. Finally, Ameriprise Financial Inc. increased its stake in Waystar by 721.4% in the 1st quarter. Ameriprise Financial Inc. now owns 1,202,340 shares of the company's stock valued at $44,919,000 after buying an additional 1,055,965 shares during the last quarter.

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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