Waystar (NASDAQ:WAY) Reaches New 12-Month Low – Should You Sell?

Waystar Holding Corp. (NASDAQ:WAY) reached a new 52-week low 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.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group began coverage on Waystar in a research report on Monday, December 15th. They issued a “buy” rating and a $41.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Waystar in a research note on Wednesday, October 8th. Mizuho upped their target price on shares of Waystar from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. The Goldman Sachs Group set a $44.00 price target on shares of Waystar in a report on Wednesday. Finally, Citigroup dropped their price objective on shares of Waystar from $49.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, January 9th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Waystar has a consensus rating of “Buy” and an average price target of $46.64.

Waystar Stock Performance

The stock has a market capitalization of $5.74 billion, a P/E ratio of 48.42, a PEG ratio of 0.38 and a beta of 0.76. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 0.38. The firm has a 50-day moving average of $33.90 and a 200 day moving average of $36.10.

Insider Activity

In related news, CTO Christopher L. Schremser sold 8,623 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $30.41, for a total value of $262,225.43. Following the sale, the chief technology officer owned 422,371 shares of the company’s stock, valued at $12,844,302.11. The trade was a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief marketing officer owned 193,261 shares of the company’s stock, valued at approximately $7,150,657. This represents a 1.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 49,749 shares of company stock worth $1,718,384. Corporate insiders own 4.10% of the company’s stock.

Institutional Trading of Waystar

A number of large investors have recently bought and sold shares of WAY. Munro Partners raised its holdings in Waystar by 107.5% during the 3rd quarter. Munro Partners now owns 178,890 shares of the company’s stock worth $6,784,000 after purchasing an additional 92,695 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Waystar in the 3rd quarter valued at about $1,703,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Waystar during the 2nd quarter worth approximately $2,670,000. Geode Capital Management LLC raised its stake in shares of Waystar by 14.9% during the second quarter. Geode Capital Management LLC now owns 2,376,932 shares of the company’s stock worth $97,155,000 after buying an additional 309,119 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in Waystar by 10.3% in the second quarter. Teacher Retirement System of Texas now owns 44,159 shares of the company’s stock valued at $1,805,000 after buying an additional 4,117 shares during the period.

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.