Waystar Holding Corp. (NASDAQ:WAY) Receives $45.50 Average Target Price from Analysts

Shares of Waystar Holding Corp. (NASDAQ:WAY) have been given an average rating of “Buy” by the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, twelve have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $45.50.

WAY has been the topic of a number of analyst reports. Mizuho initiated coverage on shares of Waystar in a research report on Monday, June 30th. They set an “outperform” rating and a $48.00 target price on the stock. Truist Financial raised their target price on shares of Waystar from $50.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Citigroup assumed coverage on shares of Waystar in a research note on Thursday, September 18th. They set an “outperform” rating on the stock. Citizens Jmp assumed coverage on shares of Waystar in a research note on Thursday, September 18th. They set a “mkt outperform” rating and a $48.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Waystar in a research note on Friday.

Waystar Trading Up 2.5%

Shares of WAY opened at $38.97 on Monday. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average is $37.57 and its two-hundred day moving average is $37.80. Waystar has a twelve month low of $27.18 and a twelve month high of $48.11. The firm has a market capitalization of $6.79 billion, a P/E ratio of 81.19, a PEG ratio of 0.69 and a beta of 0.69.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The business had revenue of $270.65 million for the quarter, compared to analyst estimates of $255.26 million. Waystar had a net margin of 8.50% and a return on equity of 5.65%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 earnings per share. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. On average, research analysts predict that Waystar will post 0.39 earnings per share for the current fiscal year.

Insider Activity at Waystar

In other news, insider T. Craig Bridge sold 85,000 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $40.06, for a total value of $3,405,100.00. Following the transaction, the insider owned 583,355 shares of the company’s stock, valued at approximately $23,369,201.30. This trade represents a 12.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Steven M. Oreskovich sold 16,666 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $40.49, for a total transaction of $674,806.34. Following the completion of the transaction, the chief financial officer directly owned 354,512 shares in the company, valued at approximately $14,354,190.88. This represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,546,249 shares of company stock valued at $177,987,193 over the last 90 days. 4.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Waystar

A number of large investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in Waystar during the 3rd quarter valued at $962,000. Forum Financial Management LP acquired a new stake in Waystar during the 3rd quarter valued at $289,000. Oregon Public Employees Retirement Fund acquired a new stake in Waystar during the 3rd quarter valued at $982,000. State of Alaska Department of Revenue acquired a new stake in Waystar during the 3rd quarter valued at $2,167,000. Finally, Peregrine Capital Management LLC grew its holdings in Waystar by 20.7% during the 3rd quarter. Peregrine Capital Management LLC now owns 355,941 shares of the company’s stock valued at $13,497,000 after purchasing an additional 61,027 shares in the last quarter.

Waystar Company Profile

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.