Waystar (NASDAQ:WAY) Price Target Raised to $34.00

Waystar (NASDAQ:WAY) had its price target raised by equities researchers at Canaccord Genuity Group from $33.00 to $34.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group‘s target price suggests a potential upside of 20.82% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Waystar in a report on Thursday, August 27th. Citigroup reissued a “buy” rating on shares of Waystar in a research report on Monday, July 20th. Royal Bank Of Canada restated an “outperform” rating on shares of Waystar in a research note on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $39.00 target price on shares of Waystar in a report on Friday, July 31st. Finally, Truist Financial decreased their price target on shares of Waystar from $38.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.95.

Waystar Price Performance

NASDAQ:WAY opened at $28.14 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $26.23 and its two-hundred day moving average price is $23.97. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 40.20, a P/E/G ratio of 1.13 and a beta of 0.18. Waystar has a 12-month low of $17.26 and a 12-month high of $37.71.

Waystar (NASDAQ:WAY) last issued its earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $325.62 million during the quarter, compared to the consensus estimate of $323.43 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 21.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. On average, analysts anticipate that Waystar will post 1.47 earnings per share for the current year.

Insider Activity at Waystar

In related news, CEO Matthew Hawkins sold 82,500 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $26.23, for a total transaction of $2,163,975.00. Following the transaction, the chief executive officer directly owned 1,804,794 shares of the company’s stock, valued at approximately $47,339,746.62. This trade represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 247,500 shares of company stock valued at $6,370,499 in the last 90 days. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC grew its position in Waystar by 6,475.0% during the first quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock worth $25,000 after buying an additional 1,036 shares in the last quarter. Salomon & Ludwin LLC lifted its position in shares of Waystar by 310.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,010 shares of the company’s stock valued at $26,000 after acquiring an additional 764 shares during the period. Essential Partners LLC lifted its position in shares of Waystar by 1,432.7% during the 1st quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock valued at $37,000 after acquiring an additional 1,447 shares during the period. GAMMA Investing LLC grew its holdings in shares of Waystar by 20.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,692 shares of the company’s stock worth $68,000 after purchasing an additional 465 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Waystar by 18.5% in the third quarter. Nisa Investment Advisors LLC now owns 2,782 shares of the company’s stock worth $70,000 after purchasing an additional 435 shares during the period.

Key Headlines Impacting Waystar

Here are the key news stories impacting Waystar this week:

• Positive Sentiment: Q3 earnings and revenue beat estimates. Waystar reported non-GAAP earnings of $0.44 per share, ahead of the $0.41 consensus estimate, while revenue reached $325.6 million versus expectations of $323.4 million. EPS increased from $0.37 a year earlier. Waystar Holding Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Strong growth and margins support the bullish reaction. Third-quarter revenue rose 21% year over year to $325.6 million. Waystar also reported $31.0 million of GAAP net income, $87.1 million of non-GAAP net income, a 10% net income margin and a 43% adjusted EBITDA margin. Waystar Reports Third Quarter 2026 Results
• Positive Sentiment: Management raised its full-year adjusted EBITDA outlook. Waystar now expects 2026 adjusted EBITDA of $543 million to $549 million, an increase that signals better-than-expected operating leverage and profitability. The company maintained a 2026 revenue forecast of $1.277 billion to $1.287 billion. Waystar Raises Adjusted EBITDA Outlook
• Neutral Sentiment: Investor focus now shifts to execution and valuation. The earnings call provided additional commentary on the quarter and outlook. With WAY trading above its 50-day and 200-day moving averages and carrying a P/E ratio around 40, continued revenue growth and delivery of the higher EBITDA target may be needed to sustain further gains. Waystar Q3 2026 Earnings Call Transcript

Waystar Company Profile

Waystar Holding Corp. is a healthcare technology company that provides cloud-based software designed to simplify administrative and financial processes across the healthcare industry. Its platform connects healthcare providers, health plans and patients, helping organizations manage revenue cycle operations and improve the flow of information and payments.

The company’s products and services include electronic claims management, eligibility and benefits verification, prior authorization, payment integrity, denial management, patient estimates and payments, billing automation, and healthcare analytics.