Waystar Holding Corp. (NASDAQ:WAY) Given Average Rating of “Buy” by Brokerages

Shares of Waystar Holding Corp. (NASDAQ:WAY) have been given a consensus rating of “Buy” by the twenty-three research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $36.1429.

A number of equities analysts have issued reports on WAY shares. Canaccord Genuity Group cut their target price on shares of Waystar from $54.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Barclays cut their target price on shares of Waystar from $42.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Wall Street Zen cut shares of Waystar from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Bank of America cut their price target on Waystar from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Finally, Truist Financial cut their price target on Waystar from $51.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th.

Institutional Investors Weigh In On Waystar

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WAY. Root Financial Partners LLC raised its holdings in 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 purchasing an additional 1,036 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its holdings in Waystar by 120.1% during the third quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock worth $31,000 after purchasing an additional 449 shares in the last quarter. First Horizon Corp bought a new stake in Waystar during the third quarter worth approximately $38,000. Smartleaf Asset Management LLC raised its holdings in Waystar by 6,005.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock worth $38,000 after purchasing an additional 1,141 shares in the last quarter. Finally, Danske Bank A S bought a new stake in Waystar during the fourth quarter worth approximately $52,000.

Waystar Stock Up 0.7%

Shares of NASDAQ:WAY opened at $18.83 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $23.69 and a 200 day simple moving average of $28.66. The firm has a market cap of $3.61 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 0.74 and a beta of 0.21. Waystar has a 12-month low of $18.19 and a 12-month high of $41.49.

Waystar (NASDAQ:WAY) last issued its quarterly 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 net margin of 10.90% and a return on equity of 6.99%. The business had revenue of $313.87 million for the quarter, compared to analysts’ expectations of $311.74 million. During the same quarter last year, the company posted $0.32 earnings per share. The company’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. On average, equities research analysts anticipate that Waystar will post 1.45 EPS for the current fiscal year.

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.