Waystar (NASDAQ:WAY) Earns Equal Weight Rating from Analysts at Morgan Stanley

Morgan Stanley started coverage on shares of Waystar (NASDAQ:WAY) in a research note issued to investors on Monday morning, MarketBeat.com reports. The brokerage issued an equal weight rating and a $28.00 target price on the stock.

WAY has been the topic of several other research reports. TD Cowen reiterated a “buy” rating on shares of Waystar in a research note on Wednesday, February 18th. Mizuho set a $42.00 price objective on Waystar in a research report on Wednesday, February 4th. The Goldman Sachs Group reduced their price objective on Waystar from $44.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Weiss Ratings cut Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 10th. Finally, Zacks Research downgraded Waystar from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.58.

Waystar Price Performance

Shares of NASDAQ:WAY opened at $23.77 on Monday. The firm has a 50 day moving average of $25.13 and a 200-day moving average of $31.69. Waystar has a 12 month low of $21.13 and a 12 month high of $42.55. 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 stock has a market capitalization of $4.56 billion, a PE ratio of 38.97, a PEG ratio of 0.94 and a beta of 0.87.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $294.72 million. During the same period last year, the business earned $0.29 earnings per share. The business’s revenue was up 24.3% compared to the same quarter last year. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. On average, equities research analysts predict that Waystar will post 0.39 EPS for the current fiscal year.

Insider Activity

In other news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $30.08, for a total transaction of $1,209,968.00. Following the completion of the transaction, the insider owned 474,826 shares of the company’s stock, valued at approximately $14,282,766.08. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC bought a new stake in shares of Waystar in the 3rd quarter valued at about $25,000. ANTIPODES PARTNERS Ltd lifted its stake in shares of Waystar by 120.1% in the third 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. First Horizon Corp bought a new stake in Waystar in the third quarter valued at approximately $38,000. Smartleaf Asset Management LLC increased its position in Waystar by 6,005.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock valued at $38,000 after purchasing an additional 1,141 shares during the period. Finally, Danske Bank A S bought a new position in Waystar during the 4th quarter worth approximately $52,000.

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.