Waystar (NASDAQ:WAY) Hits New 1-Year Low – Here’s What Happened

Waystar Holding Corp. (NASDAQ:WAY) reached a new 52-week low on Tuesday . The stock traded as low as $17.26 and last traded at $17.31, with a volume of 2540088 shares trading hands. The stock had previously closed at $18.47.

Wall Street Analysts Forecast Growth

A number of research firms have commented on WAY. Bank of America decreased their target price on Waystar from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $32.00 price target on shares of Waystar in a research note on Thursday, April 30th. UBS Group lowered their price objective on shares of Waystar from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Needham & Company LLC restated a “buy” rating and set a $33.00 target price on shares of Waystar in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Waystar from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $35.62.

Waystar Price Performance

The company’s 50-day moving average is $20.90 and its 200-day moving average is $25.37. 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 firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 0.73 and a beta of 0.11.

Waystar (NASDAQ:WAY) last released its earnings results on Wednesday, April 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Waystar’s revenue was up 22.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 earnings per share. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. On average, research analysts expect that Waystar Holding Corp. will post 1.46 earnings per share for the current year.

Hedge Funds Weigh In On Waystar

Hedge funds and other institutional investors have recently modified their holdings of the company. Essential Partners LLC increased its position in Waystar by 1,432.7% during the 1st quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock worth $37,000 after purchasing an additional 1,447 shares in the last quarter. Bank of America Corp DE boosted its holdings in Waystar by 61.8% in the 1st quarter. Bank of America Corp DE now owns 2,065,258 shares of the company’s stock worth $49,793,000 after acquiring an additional 789,132 shares during the period. Janus Henderson Group PLC grew its position in Waystar by 152.1% in the first quarter. Janus Henderson Group PLC now owns 1,991,050 shares of the company’s stock valued at $48,005,000 after acquiring an additional 1,201,359 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Waystar by 149.9% during the first quarter. EverSource Wealth Advisors LLC now owns 5,998 shares of the company’s stock valued at $145,000 after purchasing an additional 3,598 shares during the period. Finally, California State Teachers Retirement System raised its stake in shares of Waystar by 32.8% during the first quarter. California State Teachers Retirement System now owns 140,729 shares of the company’s stock valued at $3,393,000 after purchasing an additional 34,729 shares during the period.

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.