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

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on WAY. Bank of America cut their price target on shares of Waystar from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Barclays decreased their price objective on shares of Waystar from $36.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Waystar from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $32.00 price target on shares of Waystar in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded Waystar from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Waystar currently has a consensus rating of “Buy” and a consensus target price of $35.62.

Waystar Trading Down 6.3%

The firm has a market cap of $3.32 billion, a P/E ratio of 25.84, a P/E/G ratio of 0.73 and a beta of 0.11. The business’s 50-day moving average is $20.90 and its two-hundred day moving average is $25.37. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.37.

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

Hedge Funds Weigh In On Waystar

Several large investors have recently made changes to their positions in WAY. Root Financial Partners LLC grew its stake in shares of Waystar by 6,475.0% in the 1st 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 during the last quarter. Essential Partners LLC boosted its holdings in Waystar by 1,432.7% during the first quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock worth $37,000 after buying an additional 1,447 shares in the last quarter. Smartleaf Asset Management LLC boosted 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 buying an additional 1,141 shares in the last quarter. Danske Bank A S acquired a new position in Waystar in the fourth quarter worth approximately $52,000. Finally, EverSource Wealth Advisors LLC grew its position in Waystar by 3,219.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after buying an additional 1,352 shares during 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.