Waystar (NASDAQ:WAY) Hits New 52-Week Low – Time to Sell?

Waystar Holding Corp. (NASDAQ:WAY) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $17.75 and last traded at $17.9850, with a volume of 2923854 shares changing hands. The stock had previously closed at $18.38.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Waystar in a research note on Thursday, April 30th. Canaccord Genuity Group dropped their target price on shares of Waystar from $54.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Wall Street Zen downgraded Waystar from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. JPMorgan Chase & Co. dropped their target price on Waystar from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group cut their price target on Waystar from $44.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $35.62.

Waystar Stock Down 0.7%

The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 0.73 and a beta of 0.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a fifty day moving average of $21.26 and a two-hundred day moving average of $25.88.

Waystar (NASDAQ:WAY) last announced its earnings results on Wednesday, April 29th. The company reported $0.42 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $311.74 million. During the same period in the previous year, the business earned $0.32 EPS. The business’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. Sell-side analysts anticipate that Waystar Holding Corp. will post 1.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WAY. Root Financial Partners LLC increased its position in shares of Waystar by 6,475.0% during the first quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock worth $25,000 after buying an additional 1,036 shares during the period. ANTIPODES PARTNERS Ltd lifted its holdings in Waystar by 120.1% in the third quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock valued at $31,000 after buying an additional 449 shares during the period. Essential Partners LLC boosted its position in Waystar by 1,432.7% during the first quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock valued at $37,000 after acquiring an additional 1,447 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Waystar by 6,005.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock valued at $38,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in Waystar during the 4th quarter worth about $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.