Brokerages Set Waystar Holding Corp. (NASDAQ:WAY) PT at $45.50

Shares of Waystar Holding Corp. (NASDAQ:WAY) have received an average rating of “Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $45.50.

Several equities analysts have weighed in on WAY shares. Robert W. Baird started coverage on Waystar in a research note on Friday, September 5th. They set an “outperform” rating and a $44.00 target price on the stock. Citigroup began coverage on Waystar in a research report on Thursday, September 18th. They set an “outperform” rating for the company. Wall Street Zen raised Waystar from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Waystar in a report on Wednesday, October 8th. Finally, Barclays assumed coverage on Waystar in a research report on Tuesday, October 14th. They set an “overweight” rating and a $50.00 price objective on the stock.

Waystar Trading Up 0.5%

Shares of WAY opened at $37.69 on Monday. The business’s 50-day moving average price is $37.46 and its 200 day moving average price is $37.75. The stock has a market capitalization of $6.57 billion, a P/E ratio of 78.52, a P/E/G ratio of 0.68 and a beta of 0.69. Waystar has a 1-year low of $27.05 and a 1-year high of $48.11. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.39.

Waystar (NASDAQ:WAY) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $270.65 million for the quarter, compared to analysts’ expectations of $255.26 million. Waystar had a return on equity of 5.65% and a net margin of 8.50%.Waystar’s revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business posted $0.04 EPS. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. Analysts expect that Waystar will post 0.39 earnings per share for the current year.

Insider Transactions at Waystar

In other Waystar news, Director Paul G. Moskowitz sold 4,295,139 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $39.21, for a total value of $168,412,400.19. Following the sale, the director directly owned 13,759,910 shares in the company, valued at $539,526,071.10. This represents a 23.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Matthew J. Hawkins sold 12,800 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $38.08, for a total value of $487,424.00. Following the completion of the sale, the chief executive officer owned 717,474 shares in the company, valued at $27,321,409.92. This trade represents a 1.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,546,249 shares of company stock valued at $177,987,193. 4.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Waystar

Several hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. acquired a new position in Waystar in the first quarter valued at about $212,000. Westwind Capital acquired a new position in Waystar in the first quarter valued at about $15,506,000. KBC Group NV acquired a new stake in shares of Waystar during the first quarter worth about $109,000. Amalgamated Bank raised its position in shares of Waystar by 84.1% during the first quarter. Amalgamated Bank now owns 2,716 shares of the company’s stock worth $101,000 after purchasing an additional 1,241 shares during the period. Finally, Smith Group Asset Management LLC acquired a new stake in shares of Waystar during the first quarter worth about $480,000.

Waystar Company Profile

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.