Waystar (NASDAQ:WAY) Trading Down 4.5% – Should You Sell?

Waystar Holding Corp. (NASDAQ:WAY)’s share price fell 4.5% during mid-day trading on Monday . The company traded as low as $19.14 and last traded at $19.10. 438,451 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 2,581,959 shares. The stock had previously closed at $20.00.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. 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 research report on Thursday, March 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 price target on shares of Waystar in a research report on Thursday, April 30th. Wells Fargo & Company reduced their price target on shares of Waystar from $41.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Morgan Stanley assumed coverage on shares of Waystar in a research report on Monday, March 30th. They set an “equal weight” rating and a $28.00 price target on the stock. Finally, Weiss Ratings raised shares of Waystar from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Waystar has a consensus rating of “Buy” and an average target price of $35.62.

Waystar Trading Down 4.2%

The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $21.99 and its 200-day moving average is $26.72. The firm has a market cap of $3.67 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 0.79 and a beta of 0.10.

Waystar (NASDAQ:WAY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $313.87 million during the quarter, compared to analyst estimates of $311.74 million. Waystar had a net margin of 10.90% and a return on equity of 6.99%. The business’s revenue was up 22.4% compared to the same quarter last year. During the same quarter 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. As a group, analysts forecast that Waystar Holding Corp. will post 1.46 earnings per share for the current fiscal year.

Institutional Trading of Waystar

Several institutional investors have recently added to or reduced their stakes in WAY. JPMorgan Chase & Co. grew its position 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 worth $94,405,000 after acquiring an additional 1,504,026 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Waystar by 35.5% during the third quarter. Vanguard Group Inc. now owns 12,289,810 shares of the company’s stock worth $466,030,000 after acquiring an additional 3,219,586 shares during the last quarter. Monashee Investment Management LLC bought a new position in shares of Waystar during the third quarter worth about $5,688,000. Envestnet Asset Management Inc. grew its position in shares of Waystar by 252.7% during the third quarter. Envestnet Asset Management Inc. now owns 66,873 shares of the company’s stock worth $2,536,000 after acquiring an additional 47,912 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in shares of 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 acquiring an additional 23,822 shares during the last quarter.

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.