Waystar (NASDAQ:WAY) Hits New 52-Week Low – What’s Next?

Waystar Holding Corp. (NASDAQ:WAY) reached a new 52-week low during trading on Thursday . The stock traded as low as $29.40 and last traded at $30.3230, with a volume of 210588 shares. The stock had previously closed at $29.87.

Wall Street Analyst Weigh In

A number of brokerages have commented on WAY. The Goldman Sachs Group set a $44.00 target price on shares of Waystar in a research note on Wednesday. Mizuho raised their price target on shares of Waystar from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Citigroup decreased their price objective on Waystar from $49.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, January 9th. Barclays lowered their price objective on Waystar from $56.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. Finally, BMO Capital Markets began coverage on Waystar in a research note on Thursday, November 13th. They issued an “outperform” rating and a $47.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $46.64.

Waystar Price Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.89 and a current ratio of 3.89. The stock’s 50-day moving average is $33.67 and its two-hundred day moving average is $35.98. The stock has a market cap of $5.79 billion, a PE ratio of 48.82, a PEG ratio of 0.38 and a beta of 0.76.

Insider Buying and Selling

In related news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $37.00, for a total transaction of $125,800.00. Following the completion of the transaction, the chief marketing officer directly owned 193,261 shares in the company, valued at $7,150,657. This trade represents a 1.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Eric L. (Ric) Sinclair III sold 9,701 shares of Waystar stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $36.94, for a total transaction of $358,354.94. Following the completion of the transaction, the insider owned 474,826 shares of the company’s stock, valued at $17,540,072.44. This trade represents a 2.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 49,749 shares of company stock valued at $1,718,384. Corporate insiders own 4.10% of the company’s stock.

Institutional Trading of Waystar

Several hedge funds have recently modified their holdings of WAY. Salomon & Ludwin LLC purchased a new stake in shares of Waystar in the 3rd quarter valued at approximately $25,000. ANTIPODES PARTNERS Ltd increased 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 last quarter. First Horizon Corp acquired a new stake in Waystar in the third quarter valued at $38,000. Nisa Investment Advisors LLC boosted its position in shares of Waystar by 50.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock worth $44,000 after acquiring an additional 358 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Waystar by 3,219.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after acquiring an additional 1,352 shares in the last quarter.

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.