Waystar (NASDAQ:WAY) Shares Up 7.9% – Should You Buy?

Waystar Holding Corp. (NASDAQ:WAY) shares were up 7.9% during trading on Thursday . The company traded as high as $23.39 and last traded at $23.1230. Approximately 2,438,538 shares changed hands during trading, a decline of 7% from the average session volume of 2,625,115 shares. The stock had previously closed at $21.43.

Analysts Set New Price Targets

A number of analysts recently commented on WAY shares. Raymond James Financial reiterated a “strong-buy” rating and set a $32.00 price objective on shares of Waystar in a research report on Thursday, April 30th. Weiss Ratings lowered shares of Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. KeyCorp initiated coverage on shares of Waystar in a report on Wednesday. They set an “overweight” rating and a $30.00 price target for the company. Morgan Stanley began coverage on shares of Waystar in a report on Monday, March 30th. They set an “equal weight” rating and a $28.00 price target for the company. Finally, Citigroup cut their price objective on shares of Waystar from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.36.

Waystar Stock Performance

The firm has a market cap of $4.46 billion, a PE ratio of 34.74, a P/E/G ratio of 0.81 and a beta of 0.08. The stock has a 50-day moving average price of $20.29 and a 200 day moving average price of $24.71. 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 (NASDAQ:WAY) last released its earnings results on Wednesday, April 29th. The company reported $0.42 earnings per share 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 firm had revenue of $313.87 million for the quarter, compared to the consensus estimate of $311.74 million. During the same period in the prior year, the business posted $0.32 earnings per share. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. Research analysts forecast that Waystar Holding Corp. will post 1.46 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. 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 worth $25,000 after acquiring an additional 1,036 shares during the last quarter. Essential Partners LLC raised its stake in Waystar by 1,432.7% during the first quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock worth $37,000 after purchasing an additional 1,447 shares during the period. Smartleaf Asset Management LLC raised its stake in Waystar by 6,005.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock worth $38,000 after purchasing an additional 1,141 shares during the period. Danske Bank A S purchased a new position in Waystar during the fourth quarter worth approximately $52,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Waystar by 3,219.0% in 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.

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.