Brokerages Set Waystar Holding Corp. (NASDAQ:WAY) PT at $35.62

Shares of Waystar Holding Corp. (NASDAQ:WAY) have earned a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $35.3636.

WAY has been the subject of several analyst reports. Barclays decreased their price objective on Waystar from $36.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. JPMorgan Chase & Co. reduced their price target on Waystar from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Bank of America decreased their price target on Waystar from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Citigroup lowered their price target on Waystar from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Finally, Weiss Ratings cut Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th.

Waystar Stock Performance

Shares of WAY stock opened at $21.43 on Friday. Waystar has a 12 month low of $17.26 and a 12 month high of $41.47. The company’s fifty day simple moving average is $20.29 and its 200-day simple moving average is $24.71. The firm has a market cap of $4.11 billion, a PE ratio of 31.99, a P/E/G ratio of 0.81 and a beta of 0.08. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.37.

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

Hedge Funds Weigh In On Waystar

A number of institutional investors have recently added to or reduced their stakes in WAY. JPMorgan Chase & Co. increased its stake in shares of Waystar by 152.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,489,572 shares of the company’s stock worth $94,405,000 after purchasing an additional 1,504,026 shares during the last quarter. Monashee Investment Management LLC acquired a new stake in Waystar in the 3rd quarter valued at about $5,688,000. Envestnet Asset Management Inc. lifted its stake in Waystar by 252.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 66,873 shares of the company’s stock valued at $2,536,000 after purchasing an additional 47,912 shares during the last quarter. William Blair Investment Management LLC grew its holdings in Waystar by 0.5% during the third quarter. William Blair Investment Management LLC now owns 5,263,187 shares of the company’s stock worth $199,580,000 after purchasing an additional 23,822 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Waystar by 4.5% during the third quarter. Alliancebernstein L.P. now owns 3,415,442 shares of the company’s stock worth $129,514,000 after purchasing an additional 146,510 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.