Analysts Set Waystar Holding Corp. (NASDAQ:WAY) PT at $35.23

Shares of Waystar Holding Corp. (NASDAQ:WAY) have received an average recommendation of “Moderate Buy” from the twenty-four analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $35.2273.

A number of brokerages have recently commented on WAY. Weiss Ratings lowered shares of Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. Raymond James Financial restated a “strong-buy” rating and set a $32.00 price objective on shares of Waystar in a research report on Thursday, April 30th. Bank of America dropped their target price on shares of Waystar from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Wall Street Zen downgraded shares of Waystar from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Finally, Morgan Stanley began coverage on shares of Waystar in a research note on Monday, March 30th. They set an “equal weight” rating and a $28.00 target price for the company.

Waystar Trading Up 4.3%

Shares of NASDAQ:WAY opened at $22.51 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.76. Waystar has a 1 year low of $17.26 and a 1 year high of $41.47. The company has a market cap of $4.32 billion, a P/E ratio of 33.60, a PEG ratio of 0.85 and a beta of 0.08. The stock’s fifty day moving average price is $20.45 and its 200-day moving average price is $23.57.

Waystar (NASDAQ:WAY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. Waystar had a return on equity of 6.99% and a net margin of 10.90%.The company had revenue of $313.87 million during the quarter, compared to the consensus estimate of $311.74 million. Waystar’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period last year, the company earned $0.32 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. Sell-side analysts expect that Waystar will post 1.46 earnings per share for the current year.

Institutional Trading of Waystar

A number of hedge funds have recently bought and sold shares of the company. Capricorn Fund Managers Ltd lifted its position in shares of Waystar by 46.2% in the fourth quarter. Capricorn Fund Managers Ltd now owns 738,263 shares of the company’s stock worth $24,178,000 after buying an additional 233,141 shares in the last quarter. Renaissance Capital LLC purchased a new position in Waystar during the 4th quarter valued at approximately $2,273,000. Advisors Preferred LLC purchased a new position in Waystar during the 4th quarter valued at approximately $3,975,000. Fort Washington Investment Advisors Inc. OH bought a new stake in Waystar in the 4th quarter worth approximately $20,987,000. Finally, Louisiana State Employees Retirement System bought a new stake in Waystar in the 1st quarter worth approximately $1,227,000.

About Waystar

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.