Waystar (WAY) Stock Price, News & Analysis

Company Overview

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. The platform’s functionality includes automated claim scrubbing, denial management, patient responsibility estimation, digital payment portals and electronic remittance processing. Robust analytics and reporting tools deliver real-time insights into revenue trends, enabling health systems and physician groups to identify bottlenecks, benchmark performance and drive targeted improvements.

Formed in 2018 through the merger of two established healthcare technology firms, Waystar combines decades of expertise in medical billing and revenue cycle services. Since its inception, the company has continued to invest in product innovation, expanding its platform to address emerging industry needs such as patient financial engagement, price transparency and value-based reimbursement models. Strategic partnerships with payers and technology vendors further enhance interoperability and data exchange capabilities.

Headquartered in the United States, Waystar serves a diverse customer base that spans hospitals, health systems and medical groups nationwide. By leveraging automation, interoperability and data-driven decision-making, the company empowers healthcare providers to navigate evolving regulatory requirements, adapt to changing payer policies and meet growing consumer expectations for digital payment experiences. Waystar’s solutions aim to simplify the revenue cycle and strengthen the financial resilience of its clients.

Key Stats

• Today's Range: $18.92 to $19.49
• 50-Day Range: $17.93 to $26.71
• 52-Week Range: $17.89 to $41.49
• Volume: 2.52 million shs
• Average Volume: 2.65 million shs
• Market Capitalization: $3.68 billion
• P/E Ratio: 28.67
• Dividend Yield: N/A
• Price Target: $35.62
• Consensus Rating: Buy

Waystar Stock Analysis - MarketRank™

Waystar scored higher than 94% of companies evaluated by MarketBeat, and ranked 46th out of 623 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.5 / 5
• Analyst Rating: Buy

Consensus Rating

Waystar has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 strong buy ratings, 17 buy ratings, 3 hold ratings, and no sell ratings.

Upside Potential

Waystar has a consensus price target of $35.62, representing about 85.7% upside from its current price of $19.18.

Amount of Analyst Coverage

Waystar has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 14.48%

Earnings Growth

Earnings for Waystar are expected to grow by 14.48% in the coming year, from $1.45 to $1.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Waystar is 28.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 44.50.

Price to Earnings Ratio vs. Sector

The P/E ratio of Waystar is 28.61, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 168.53.

Price to Earnings Growth Ratio

Waystar has a PEG Ratio of 0.73. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Waystar has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.03% of the float of Waystar has been sold short.

Short Interest Ratio / Days to Cover

Waystar has a short interest ratio ("days to cover") of 3.91, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Waystar has recently increased by 9.49%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Waystar does not currently pay a dividend.

Dividend Growth

Waystar does not have a long track record of dividend growth.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.47

News Sentiment

Waystar has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Waystar this week, compared to 5 articles on an average week.

Search Interest

12 people have searched for WAY on MarketBeat in the last 30 days. This is an increase of 500% compared to the previous 30 days.

MarketBeat Follows

7 people have added Waystar to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days.

Company Ownership

• Score: 0.1 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Waystar insiders have not sold or bought any company stock.

Percentage Held by Insiders

3.50% of the stock of Waystar is held by insiders.

Percentage Held by Institutions

Waystar has minimal institutional ownership at this time.

Company Calendar

• Last Earnings: 4/29/2026
• Today: 5/20/2026
• Next Earnings (Estimated): 7/29/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: INTERNET SOFTWARE
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:WAY
• Previous Symbol: NASDAQ:WAY
• CIK: 1990354
• Web: N/A
• Phone: (844) 492-9782
• Fax: N/A
• Employees: 1,700
• Year Founded: 2017

Price Target and Rating

• Average Price Target for Waystar: $35.62
• High Price Target: $48.00
• Low Price Target: $25.00
• Potential Upside/Downside: +85.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 23 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.67
• Trailing P/E Ratio: 28.67
• Forward P/E Ratio: 13.25
• P/E Growth: 0.73
• Net Income: $112.09 million
• Net Margins: 10.90%
• Pretax Margin: 16.02%
• Return on Equity: 6.99%
• Return on Assets: 4.72%

Debt

• Debt-to-Equity Ratio: 0.37
• Current Ratio: 1.76
• Quick Ratio: 1.76

Sales & Book Value

• Annual Sales: $1.10 billion
• Price / Sales: 3.35
• Cash Flow: $2.02 per share
• Price / Cash Flow: 9.52
• Book Value: $20.53 per share
• Price / Book: 0.94

Miscellaneous

• Outstanding Shares: 191,810,000
• Free Float: 185,100,000
• Market Cap: $3.68 billion
• Optionable: Optionable
• Beta: 0.21