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

Key Points

• Waystar's stock received a "hold (c)" rating from Weiss Ratings, while other firms like Baird R W upgraded it to a "strong-buy" and Citizens JMP set a target price of $48.00.
• In its recent quarterly earnings, Waystar reported $0.36 EPS, surpassing analysts' expectations, and its revenue grew by 15.4% year-over-year, reaching $270.65 million.
• Waystar's market cap stands at $6.72 billion, with shares currently trading at $38.56 after a modest increase of $0.65.

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

Several other research firms have also recently commented on WAY. Citizens Jmp assumed coverage on Waystar in a research report on Thursday, September 18th. They set a "mkt outperform" rating and a $48.00 target price for the company. Truist Financial upped their price objective on Waystar from $50.00 to $51.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Baird R W upgraded Waystar to a "strong-buy" rating in a report on Friday, September 5th. JMP Securities started coverage on Waystar in a report on Thursday, September 18th. They issued a "market outperform" rating and a $48.00 price objective for the company. Finally, Wall Street Zen upgraded Waystar from a "hold" rating to a "buy" rating in a report on Friday, October 3rd. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $45.14.

Waystar Stock Performance

Shares of WAY traded up $0.65 during mid-day trading on Wednesday, hitting $38.56. The stock had a trading volume of 1,805,201 shares, compared to its average volume of 2,120,254. 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 52 week low of $26.95 and a 52 week high of $48.11. The firm has a market cap of $6.72 billion, a P/E ratio of 80.34, a PEG ratio of 0.70 and a beta of 0.69. The business has a fifty day moving average price of $37.01 and a 200-day moving average price of $37.80.

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, beating analysts' consensus estimates of $0.33 by $0.03. Waystar had a return on equity of 5.65% and a net margin of 8.50%.The company had revenue of $270.65 million for the quarter, compared to analyst estimates of $255.26 million. During the same period in the previous year, the company posted $0.04 EPS. The firm's revenue for the quarter was up 15.4% compared to the same quarter last year. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. On average, equities research analysts expect that Waystar will post 0.39 EPS for the current year.

Insider Buying and Selling

In other Waystar news, insider Eric L. (Ric) Sinclair III sold 9,701 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $37.63, for a total transaction of $365,048.63. Following the sale, the insider directly owned 474,826 shares in the company, valued at approximately $17,867,702.38. This trade represents a 2.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Christopher L. Schremser sold 8,623 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $40.49, for a total value of $349,145.27. Following the sale, the chief technology officer owned 422,371 shares in the company, valued at approximately $17,101,801.79. This represents a 2.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,677,917 shares of company stock worth $182,939,156 over the last three months. Corporate insiders own 4.10% of the company's stock.

Hedge Funds Weigh In On Waystar

A number of institutional investors and hedge funds have recently modified their holdings of WAY. Victory Capital Management Inc. raised its position in shares of Waystar by 170.4% during the first quarter. Victory Capital Management Inc. now owns 178,024 shares of the company's stock valued at $6,651,000 after buying an additional 112,179 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Waystar by 107.9% during the first quarter. Teacher Retirement System of Texas now owns 40,042 shares of the company's stock valued at $1,496,000 after purchasing an additional 20,780 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Waystar by 84.1% in the first quarter. Amalgamated Bank now owns 2,716 shares of the company's stock worth $101,000 after purchasing an additional 1,241 shares during the last quarter. Vanguard Group Inc. increased its holdings 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 worth $302,263,000 after purchasing an additional 3,099,211 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Waystar in the first quarter worth about $212,000.

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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