Waystar Holding Corp. (NASDAQ:WAY) Short Interest Up 57.2% in February

Waystar Holding Corp. (NASDAQ:WAY) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 11,741,218 shares, an increase of 57.2% from the February 12th total of 7,466,952 shares. Currently, 6.4% of the company’s stock are short sold. Based on an average daily volume of 4,149,354 shares, the short-interest ratio is presently 2.8 days. Based on an average daily volume of 4,149,354 shares, the short-interest ratio is presently 2.8 days. Currently, 6.4% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WAY. Zacks Research cut Waystar from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Wall Street Zen lowered Waystar from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Evercore set a $27.00 price target on Waystar in a research report on Wednesday, February 18th. Mizuho set a $42.00 price target on Waystar in a research note on Wednesday, February 4th. Finally, UBS Group began coverage on Waystar in a research report on Monday, December 15th. They set a “buy” rating and a $41.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $37.06.

Insiders Place Their Bets

In other Waystar news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of Waystar 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 sale, the insider directly owned 474,826 shares in the company, valued at approximately $14,282,766.08. The trade was a 7.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.10% of the company’s stock.

Institutional Trading of Waystar

A number of hedge funds have recently made changes to their positions in the business. ANTIPODES PARTNERS Ltd boosted its stake in shares of Waystar by 120.1% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock worth $31,000 after acquiring an additional 449 shares during the period. Kennedy Capital Management LLC raised its stake in Waystar by 0.5% in the 4th quarter. Kennedy Capital Management LLC now owns 106,207 shares of the company’s stock valued at $3,478,000 after acquiring an additional 559 shares during the period. Pacer Advisors Inc. lifted its holdings in Waystar by 22.1% during the 4th quarter. Pacer Advisors Inc. now owns 3,144 shares of the company’s stock valued at $103,000 after purchasing an additional 569 shares during the last quarter. BCS Private Wealth Management Inc. lifted its holdings in Waystar by 8.4% during the 3rd quarter. BCS Private Wealth Management Inc. now owns 7,455 shares of the company’s stock valued at $283,000 after purchasing an additional 575 shares during the last quarter. Finally, Carnegie Investment Counsel boosted its position in Waystar by 9.4% during the third quarter. Carnegie Investment Counsel now owns 7,002 shares of the company’s stock worth $266,000 after purchasing an additional 600 shares during the period.

Waystar Stock Down 1.8%

Waystar stock opened at $24.16 on Friday. The firm has a market capitalization of $4.63 billion, a PE ratio of 39.61, a P/E/G ratio of 0.94 and a beta of 0.80. The company’s 50-day moving average is $26.97 and its 200-day moving average is $32.97. Waystar has a fifty-two week low of $21.13 and a fifty-two week high of $42.55. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.41 and a quick ratio of 1.41.

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