Waystar (NASDAQ:WAY) Announces Earnings Results

Waystar (NASDAQ:WAY) issued its quarterly earnings results on Tuesday. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03), FiscalAI reports. The business had revenue of $303.54 million for the quarter, compared to the consensus estimate of $294.72 million. Waystar had a return on equity of 6.83% and a net margin of 10.69%.

Waystar Stock Up 3.1%

WAY stock opened at $22.41 on Tuesday. Waystar has a 1-year low of $21.45 and a 1-year high of $48.11. The firm has a market capitalization of $4.29 billion, a PE ratio of 36.15, a PEG ratio of 0.28 and a beta of 0.77. The business’s 50 day simple moving average is $29.66 and its 200 day simple moving average is $34.28. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 0.38.

Insider Transactions at Waystar

In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $37.00, for a total value of $125,800.00. Following the transaction, the chief marketing officer directly owned 193,261 shares of the company’s stock, valued at $7,150,657. This represents a 1.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Christopher L. Schremser sold 8,623 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was 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 approximately $12,844,302.11. This 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 sold 71,650 shares of company stock worth $2,258,535. 4.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FORA Capital LLC bought a new position in Waystar during the 4th quarter worth $241,000. Federation des caisses Desjardins du Quebec raised its position in shares of Waystar by 18.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 6,509 shares of the company’s stock valued at $213,000 after buying an additional 992 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of Waystar in the 4th quarter valued at approximately $239,000. Caption Management LLC bought a new stake in shares of Waystar during the 3rd quarter worth approximately $246,000. Finally, Mackenzie Financial Corp increased its stake in Waystar by 36.2% in the third quarter. Mackenzie Financial Corp now owns 6,864 shares of the company’s stock valued at $260,000 after acquiring an additional 1,826 shares during the last quarter.

Analyst Ratings Changes

WAY has been the topic of several analyst reports. UBS Group assumed coverage on shares of Waystar in a research report on Monday, December 15th. They set a “buy” rating and a $41.00 price target on the stock. BMO Capital Markets began coverage on Waystar in a research report on Thursday, November 13th. They set an “outperform” rating and a $47.00 price target for the company. Zacks Research downgraded Waystar from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Wall Street Zen upgraded Waystar from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Wells Fargo & Company started coverage on shares of Waystar in a research note on Thursday, January 8th. They issued an “overweight” rating and a $41.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Waystar currently has a consensus rating of “Buy” and a consensus target price of $45.50.

About Waystar

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.