Waystar (NASDAQ:WAY) Sets New 52-Week Low – Should You Sell?

Waystar Holding Corp. (NASDAQ:WAY) reached a new 52-week low during trading on Thursday . The stock traded as low as $21.09 and last traded at $22.0750, with a volume of 414474 shares traded. The stock had previously closed at $22.65.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WAY. Freedom Capital upgraded Waystar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Weiss Ratings lowered Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 10th. Mizuho set a $42.00 target price on Waystar in a research report on Wednesday, February 4th. Morgan Stanley began coverage on Waystar in a research report on Monday, March 30th. They set an “equal weight” rating and a $28.00 target price for the company. Finally, TD Cowen restated a “buy” rating on shares of Waystar in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.58.

Waystar Price Performance

The firm has a market capitalization of $4.23 billion, a P/E ratio of 36.36, a P/E/G ratio of 0.92 and a beta of 0.87. The stock’s 50 day simple moving average is $24.56 and its 200 day simple moving average is $31.17. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.41 and a current ratio of 1.41.

Waystar (NASDAQ:WAY) last issued its earnings results on Tuesday, February 17th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The company had revenue of $303.54 million for the quarter, compared to analysts’ expectations of $294.72 million. Waystar had a return on equity of 6.86% and a net margin of 10.20%.The business’s revenue was up 24.3% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. As a group, analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $30.08, for a total value of $1,209,968.00. Following the completion of the sale, the insider owned 474,826 shares in the company, valued at approximately $14,282,766.08. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.10% of the company’s stock.

Institutional Trading of Waystar

A number of large investors have recently modified their holdings of WAY. Royal Bank of Canada boosted its holdings in shares of Waystar by 11.3% in the first quarter. Royal Bank of Canada now owns 21,609 shares of the company’s stock valued at $808,000 after purchasing an additional 2,195 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Waystar in the first quarter valued at approximately $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Waystar by 91.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,911 shares of the company’s stock valued at $1,753,000 after purchasing an additional 22,364 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of Waystar in the first quarter valued at approximately $234,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Waystar by 13.4% in the first quarter. Goldman Sachs Group Inc. now owns 747,268 shares of the company’s stock valued at $27,918,000 after purchasing an additional 88,256 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.