Brokerages Set Waystar Holding Corp. (NASDAQ:WAY) Target Price at $37.06

Waystar Holding Corp. (NASDAQ:WAY) has been assigned a consensus rating of “Buy” from the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $37.0556.

Several equities research analysts recently issued reports on WAY shares. The Goldman Sachs Group cut their target price on shares of Waystar from $44.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Truist Financial lowered their price target on Waystar from $51.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Leerink Partners began coverage on Waystar in a research report on Monday, February 2nd. They issued an “outperform” rating and a $43.00 price objective for the company. Freedom Capital upgraded Waystar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $35.00 target price on shares of Waystar in a report on Thursday, March 5th.

Waystar Price Performance

Shares of WAY opened at $24.05 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.38. The company’s fifty day simple moving average is $26.12 and its 200 day simple moving average is $32.51. Waystar has a 1-year low of $21.13 and a 1-year high of $42.55. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 39.43, a PEG ratio of 0.94 and a beta of 0.80.

Waystar (NASDAQ:WAY) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The firm had revenue of $303.54 million during the quarter, compared to analyst estimates of $294.72 million. Waystar had a net margin of 10.20% and a return on equity of 6.86%. The business’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. On average, research analysts forecast that Waystar will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Waystar news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 474,826 shares in the company, valued at $14,282,766.08. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.10% of the stock is currently owned by company insiders.

Institutional Trading of Waystar

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advent International L.P. bought a new stake in shares of Waystar during the fourth quarter worth approximately $362,212,000. Vanguard Group Inc. increased its stake in shares of Waystar by 35.5% during the third quarter. Vanguard Group Inc. now owns 12,289,810 shares of the company’s stock worth $466,030,000 after purchasing an additional 3,219,586 shares during the period. Alliancebernstein L.P. lifted its holdings in Waystar by 3,883.4% during the 2nd quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock worth $133,601,000 after purchasing an additional 3,186,869 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in Waystar in the 3rd quarter valued at $95,497,000. Finally, Alyeska Investment Group L.P. grew its holdings in Waystar by 4,717.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,814,648 shares of the company’s stock valued at $68,811,000 after buying an additional 1,776,979 shares in the last quarter.

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.