150,000 Shares in Waystar Holding Corp. $WAY Acquired by Monashee Investment Management LLC

Monashee Investment Management LLC purchased a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 150,000 shares of the company’s stock, valued at approximately $5,688,000. Waystar comprises 2.8% of Monashee Investment Management LLC’s portfolio, making the stock its 11th largest position. Monashee Investment Management LLC owned about 0.08% of Waystar at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in WAY. Vanguard Group Inc. boosted its stake in shares of Waystar by 35.5% in the 3rd quarter. Vanguard Group Inc. now owns 12,289,810 shares of the company’s stock valued at $466,030,000 after purchasing an additional 3,219,586 shares in the last quarter. William Blair Investment Management LLC raised its position in Waystar by 0.5% in the 3rd 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. Alliancebernstein L.P. lifted its stake in Waystar by 3,883.4% in the second quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock worth $133,601,000 after purchasing an additional 3,186,869 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in Waystar during the third quarter valued at about $95,497,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Waystar by 152.6% during the third quarter. JPMorgan Chase & Co. now owns 2,489,572 shares of the company’s stock valued at $94,405,000 after buying an additional 1,504,026 shares during the last quarter.

Insiders Place Their Bets

In other Waystar news, CTO Christopher L. Schremser sold 8,623 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $30.41, for a total transaction of $262,225.43. Following the transaction, the chief technology officer directly owned 422,371 shares of the company’s stock, valued at approximately $12,844,302.11. The trade was a 2.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $30.08, for a total transaction of $1,209,968.00. Following the completion of the sale, the insider directly owned 474,826 shares of the company’s stock, valued at approximately $14,282,766.08. This represents a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 58,549 shares of company stock worth $1,790,580. Insiders own 4.10% of the company’s stock.

Waystar Trading Down 1.4%

WAY opened at $25.65 on Friday. Waystar Holding Corp. has a one year low of $21.13 and a one year high of $45.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.41 and a quick ratio of 1.41. The business has a 50 day simple moving average of $28.40 and a two-hundred day simple moving average of $33.69. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 1.00 and a beta of 0.75.

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

Wall Street Analysts Forecast Growth

WAY has been the subject of a number of recent research reports. Loop Capital set a $33.00 target price on Waystar in a research note on Wednesday, February 18th. BMO Capital Markets reduced their price target on Waystar from $47.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Canaccord Genuity Group lowered their price objective on Waystar from $54.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. The Goldman Sachs Group dropped their price objective on Waystar from $44.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Finally, Barclays cut their target price on shares of Waystar from $42.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $37.19.

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.