Waystar Holding Corp. (NASDAQ:WAY) Given Consensus Rating of “Moderate Buy” by Analysts

Waystar Holding Corp. (NASDAQ:WAY) has earned an average rating of “Moderate Buy” from the twenty-five analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, nineteen have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $35.00.

WAY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $39.00 price objective on shares of Waystar in a research note on Friday, July 31st. Weiss Ratings lowered shares of Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. Truist Financial reduced their target price on shares of Waystar from $38.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Raymond James Financial reissued a “strong-buy” rating and issued a $32.00 price target on shares of Waystar in a research report on Thursday, April 30th. Finally, Wall Street Zen cut shares of Waystar from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th.

Insider Transactions at Waystar

In other Waystar news, CEO Matthew J. Hawkins sold 60,038 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $25.01, for a total transaction of $1,501,550.38. Following the sale, the chief executive officer owned 1,835,081 shares of the company’s stock, valued at $45,895,375.81. The trade was a 3.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WAY. Root Financial Partners LLC boosted its position in shares of Waystar by 6,475.0% in the first quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock valued at $25,000 after acquiring an additional 1,036 shares during the period. Smartleaf Asset Management LLC grew its position in Waystar by 6,005.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock worth $38,000 after acquiring an additional 1,141 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Waystar by 3,219.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $57,000 after purchasing an additional 1,352 shares during the last quarter. Essential Partners LLC grew its position in Waystar by 1,432.7% during the first quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock valued at $37,000 after acquiring an additional 1,447 shares during the last quarter. Finally, Danske Bank A S bought a new position in shares of Waystar during the 4th quarter valued at $52,000.

Waystar Price Performance

Shares of NASDAQ WAY opened at $25.01 on Friday. The stock has a fifty day simple moving average of $22.21 and a two-hundred day simple moving average of $22.67. Waystar has a 1-year low of $17.26 and a 1-year high of $41.47. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 0.97 and a beta of 0.06. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36.

Waystar (NASDAQ:WAY) last issued its earnings results on Wednesday, July 29th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. Waystar had a return on equity of 7.03% and a net margin of 11.18%.The firm had revenue of $319.67 million for the quarter, compared to analyst estimates of $316.21 million. During the same period in the previous year, the company posted $0.36 earnings per share. The business’s revenue was up 18.1% on a year-over-year basis. Analysts anticipate that Waystar will post 1.47 earnings per share for the current year.

Waystar Company Profile

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.