Waystar (NASDAQ:WAY) Hits New 52-Week Low – Time to Sell?

Waystar Holding Corp. (NASDAQ:WAY)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $17.75 and last traded at $17.9850, with a volume of 2923854 shares trading hands. The stock had previously closed at $18.38.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Bank of America lowered their target price on Waystar from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, April 10th. BMO Capital Markets cut their price target on Waystar from $47.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Evercore set a $27.00 target price on Waystar in a research note on Wednesday, February 18th. TD Cowen reaffirmed a “buy” rating on shares of Waystar in a research note on Wednesday, February 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $33.00 price objective on shares of Waystar in a report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $35.62.

Waystar Stock Down 0.7%

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 stock has a market capitalization of $3.50 billion, a PE ratio of 27.24, a P/E/G ratio of 0.73 and a beta of 0.10. The stock’s fifty day simple moving average is $21.26 and its 200-day simple moving average is $25.88.

Waystar (NASDAQ:WAY) last announced its earnings results on Wednesday, April 29th. The company reported $0.42 EPS for the quarter, beating 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 company had revenue of $313.87 million during the quarter, compared to the consensus estimate of $311.74 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was up 22.4% on a year-over-year basis. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. As a group, sell-side analysts forecast that Waystar Holding Corp. will post 1.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WAY. Advent International L.P. bought a new position in Waystar during the fourth quarter valued at $362,212,000. Vanguard Group Inc. raised its stake in shares of Waystar by 35.5% in the third quarter. Vanguard Group Inc. now owns 12,289,810 shares of the company’s stock valued at $466,030,000 after buying an additional 3,219,586 shares during the period. Alliancebernstein L.P. lifted its position in shares of Waystar by 3,883.4% during the second quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock worth $133,601,000 after acquiring an additional 3,186,869 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Waystar in the third quarter worth $95,497,000. Finally, Alyeska Investment Group L.P. grew its position in shares of Waystar by 4,717.4% in the third quarter. Alyeska Investment Group L.P. now owns 1,814,648 shares of the company’s stock valued at $68,811,000 after purchasing an additional 1,776,979 shares in the last quarter.

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.