Waystar (NASDAQ:WAY) Trading Up 7.9% – Here’s What Happened

Shares of Waystar Holding Corp. (NASDAQ:WAY) traded 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.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WAY shares. Barclays reduced their target price on Waystar from $36.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Wall Street Zen downgraded Waystar from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. UBS Group reduced their price objective on Waystar from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Needham & Company LLC reiterated a “buy” rating and set a $33.00 target price on shares of Waystar in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Waystar from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.36.

Waystar Trading Up 8.4%

The business’s 50-day moving average is $20.29 and its two-hundred day moving average is $24.71. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $4.46 billion, a PE ratio of 34.74, a PEG ratio of 0.81 and a beta of 0.08.

Waystar (NASDAQ:WAY) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $311.74 million. During the same period in the prior year, the firm earned $0.32 EPS. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. On average, analysts predict that Waystar Holding Corp. will post 1.46 earnings per share for the current year.

Institutional Investors Weigh In On Waystar

A number of large investors have recently modified their holdings of WAY. Essential Partners LLC lifted its position in Waystar by 1,432.7% during the 1st quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock worth $37,000 after acquiring an additional 1,447 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Waystar by 61.8% during the first quarter. Bank of America Corp DE now owns 2,065,258 shares of the company’s stock valued at $49,793,000 after purchasing an additional 789,132 shares during the period. Janus Henderson Group PLC lifted its position in shares of Waystar by 152.1% during the first quarter. Janus Henderson Group PLC now owns 1,991,050 shares of the company’s stock worth $48,005,000 after purchasing an additional 1,201,359 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Waystar by 149.9% in the first quarter. EverSource Wealth Advisors LLC now owns 5,998 shares of the company’s stock valued at $145,000 after purchasing an additional 3,598 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of Waystar by 32.8% in the first quarter. California State Teachers Retirement System now owns 140,729 shares of the company’s stock valued at $3,393,000 after purchasing an additional 34,729 shares during the period.

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.