Waystar (NASDAQ:WAY) Trading Down 4.5% – Should You Sell?

Waystar Holding Corp. (NASDAQ:WAY)’s stock price was down 4.5% on Monday . The company traded as low as $19.14 and last traded at $19.10. Approximately 438,451 shares were traded during trading, a decline of 83% from the average daily volume of 2,581,959 shares. The stock had previously closed at $20.00.

Analyst Ratings Changes

Several analysts have recently commented on WAY shares. BMO Capital Markets reduced their target price on shares of Waystar from $47.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. UBS Group reduced their target price on shares of Waystar from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Citigroup reduced their target price on shares of Waystar from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Morgan Stanley started coverage on shares of Waystar in a research note on Monday, March 30th. They issued an “equal weight” rating and a $28.00 target price for the company. Finally, Wall Street Zen cut shares of Waystar from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Waystar currently has a consensus rating of “Buy” and an average price target of $35.62.

Waystar Price Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.76. The company’s 50 day moving average is $21.99 and its 200 day moving average is $26.72. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 0.79 and a beta of 0.10.

Waystar (NASDAQ:WAY) last posted its earnings results on Wednesday, April 29th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $313.87 million during the quarter, compared to the consensus estimate of $311.74 million. Waystar had a net margin of 10.90% and a return on equity of 6.99%. The firm’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period last year, the firm posted $0.32 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. Research analysts forecast that Waystar Holding Corp. will post 1.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Waystar

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Waystar by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 12,330,872 shares of the company’s stock valued at $403,836,000 after purchasing an additional 41,062 shares during the period. Advent International L.P. purchased a new stake in Waystar in the fourth quarter valued at approximately $362,212,000. William Blair Investment Management LLC grew its holdings in Waystar by 0.4% in the fourth quarter. William Blair Investment Management LLC now owns 5,282,220 shares of the company’s stock valued at $172,993,000 after purchasing an additional 19,033 shares during the period. State Street Corp grew its holdings in Waystar by 4.0% in the fourth quarter. State Street Corp now owns 4,134,052 shares of the company’s stock valued at $135,390,000 after purchasing an additional 159,183 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Waystar by 4.5% in the third quarter. Alliancebernstein L.P. now owns 3,415,442 shares of the company’s stock valued at $129,514,000 after purchasing an additional 146,510 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.