Waystar Holding Corp. (NASDAQ:WAY) Receives $35.00 Consensus Price Target from Analysts

Shares of Waystar Holding Corp. (NASDAQ:WAY) have received an average recommendation of “Moderate Buy” from the twenty-five brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, nineteen have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $35.00.

Several research firms have recently weighed in on WAY. Wolfe Research upgraded shares of Waystar to an “outperform” rating in a research note on Thursday, August 13th. Weiss Ratings cut shares of Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. Raymond James Financial restated a “strong-buy” rating and issued a $32.00 target price on shares of Waystar in a research note on Thursday, April 30th. KeyCorp reaffirmed an “overweight” rating on shares of Waystar in a research report on Friday, July 31st. Finally, Barclays boosted their target price on Waystar from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, August 7th.

Waystar Stock Down 1.5%

Shares of Waystar stock opened at $24.32 on Friday. The stock’s 50-day moving average is $21.83 and its 200 day moving average is $22.68. Waystar has a one year low of $17.26 and a one year high of $41.47. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 0.96 and a beta of 0.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.85 and a quick ratio of 1.85.

Waystar (NASDAQ:WAY) last issued its earnings results on Wednesday, July 29th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $319.67 million during the quarter, compared to the consensus estimate of $316.21 million. Waystar had a return on equity of 7.03% and a net margin of 11.18%.The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. Equities research analysts anticipate that Waystar will post 1.47 EPS for the current year.

Insider Buying and Selling

In other news, CEO Matthew J. Hawkins sold 60,038 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $25.01, for a total transaction of $1,501,550.38. Following the completion of the sale, the chief executive officer owned 1,835,081 shares in the company, valued at $45,895,375.81. The trade was a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Waystar

A number of large investors have recently modified their holdings of the company. Clarkston Capital Partners LLC acquired a new position in Waystar during the 1st quarter valued at about $22,917,000. Hsbc Holdings PLC purchased a new stake in shares of Waystar in the first quarter worth approximately $5,625,000. Renaissance Capital LLC purchased a new stake in shares of Waystar in the fourth quarter worth approximately $2,273,000. Dimensional Fund Advisors LP lifted its holdings in shares of Waystar by 73.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,046,396 shares of the company’s stock valued at $49,329,000 after purchasing an additional 868,853 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Waystar by 1,399.7% in the first quarter. Quantinno Capital Management LP now owns 163,915 shares of the company’s stock valued at $3,952,000 after purchasing an additional 152,985 shares in 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.