Waystar (NASDAQ:WAY) Reaches New 1-Year Low – Here’s Why

Shares of Waystar Holding Corp. (NASDAQ:WAY) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $23.01 and last traded at $23.2450, with a volume of 147559 shares. The stock had previously closed at $23.50.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen raised Waystar from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research cut shares of Waystar from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. BMO Capital Markets assumed coverage on shares of Waystar in a report on Thursday, November 13th. They issued an “outperform” rating and a $47.00 price objective on the stock. The Goldman Sachs Group set a $44.00 target price on shares of Waystar in a report on Wednesday, January 14th. Finally, Leerink Partners began coverage on shares of Waystar in a research note on Monday, February 2nd. They set an “outperform” rating and a $43.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $45.50.

Waystar Price Performance

The firm has a market cap of $4.45 billion, a P/E ratio of 37.52, a P/E/G ratio of 0.30 and a beta of 0.75. The firm’s fifty day simple moving average is $30.62 and its 200 day simple moving average is $34.66. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.89 and a current ratio of 3.89.

Insider Activity at Waystar

In related news, CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $30.41, for a total value of $262,225.43. Following the completion of the transaction, the chief technology officer owned 422,371 shares in the company, valued at approximately $12,844,302.11. This trade represents a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $30.08, for a total value of $1,209,968.00. Following the sale, the insider owned 474,826 shares in the company, valued at approximately $14,282,766.08. This trade represents a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 71,650 shares of company stock valued at $2,258,535. Insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On Waystar

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors purchased a new stake in shares of Waystar in the fourth quarter valued at approximately $16,211,000. Los Angeles Capital Management LLC purchased a new stake in shares of Waystar in the 4th quarter worth $83,000. State of Wyoming lifted its holdings in shares of Waystar by 844.4% in the 4th quarter. State of Wyoming now owns 12,712 shares of the company’s stock worth $416,000 after buying an additional 11,366 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Waystar by 33.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,827,474 shares of the company’s stock worth $92,600,000 after buying an additional 705,429 shares in the last quarter. Finally, Mawer Investment Management Ltd. purchased a new position in shares of Waystar during the fourth quarter valued at $11,061,000.

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.