Next Century Growth Investors LLC Sells 39,784 Shares of Waystar Holding Corp. $WAY

Next Century Growth Investors LLC trimmed its holdings in Waystar Holding Corp. (NASDAQ:WAY – Free Report) by 14.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 237,035 shares of the company’s stock after selling 39,784 shares during the quarter. Next Century Growth Investors LLC owned 0.12% of Waystar worth $7,763,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WAY. ANTIPODES PARTNERS Ltd lifted its holdings in shares of Waystar by 120.1% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock worth $31,000 after acquiring an additional 449 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Waystar by 6,005.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock worth $38,000 after acquiring an additional 1,141 shares during the last quarter. Danske Bank A S bought a new stake in shares of Waystar in the 4th quarter worth approximately $52,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Waystar by 3,219.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after acquiring an additional 1,352 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Waystar by 613.4% in the 4th quarter. GAMMA Investing LLC now owns 1,762 shares of the company’s stock worth $58,000 after acquiring an additional 1,515 shares during the last quarter.

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Waystar Stock Performance

NASDAQ:WAY opened at $18.75 on Monday. The company has a fifty day moving average of $21.48 and a 200 day moving average of $26.14. Waystar Holding Corp. has a 52 week low of $17.89 and a 52 week high of $41.47. 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 firm has a market capitalization of $3.60 billion, a P/E ratio of 27.99, a P/E/G ratio of 0.74 and a beta of 0.11.

Waystar (NASDAQ:WAY – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Waystar had a net margin of 10.90% and a return on equity of 6.99%. The company had revenue of $313.87 million during the quarter, compared to analyst estimates of $311.74 million. During the same period in the prior year, the business posted $0.32 EPS. The firm’s revenue was up 22.4% compared to the same quarter last year. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. On average, research analysts predict that Waystar Holding Corp. will post 1.46 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WAY shares. Canaccord Genuity Group lowered their price objective on shares of Waystar from $54.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. UBS Group lowered their price target on shares of Waystar from $41.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, April 30th. The Goldman Sachs Group lowered their price target on shares of Waystar from $44.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Loop Capital set a $33.00 price target on shares of Waystar in a report on Wednesday, February 18th. Finally, BMO Capital Markets lowered their price target on shares of Waystar from $47.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Waystar presently has a consensus rating of “Buy” and a consensus price target of $35.62.

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Waystar Company Profile

(Free Report)

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.

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