Waystar (NASDAQ:WAY) Upgraded by KeyCorp to Strong-Buy Rating

Waystar (NASDAQ:WAYGet Free Report) was upgraded by investment analysts at KeyCorp to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other brokerages have also recently commented on WAY. JPMorgan Chase & Co. reduced their target price on shares of Waystar from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. UBS Group cut their price objective on shares of Waystar from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on Waystar from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Weiss Ratings cut Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Finally, Citigroup lowered their target price on Waystar from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Four analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $35.36.

View Our Latest Report on WAY

Waystar Trading Up 9.5%

Waystar stock opened at $23.46 on Wednesday. The business has a 50-day simple moving average of $20.24 and a two-hundred day simple moving average of $24.65. The company has a market cap of $4.50 billion, a P/E ratio of 35.01, a P/E/G ratio of 0.84 and a beta of 0.08. Waystar has a 52-week low of $17.26 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.

Waystar (NASDAQ:WAYGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. The firm had revenue of $313.87 million for the quarter, compared to analysts’ expectations of $311.74 million. Waystar had a net margin of 10.90% and a return on equity of 6.99%. The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. Analysts predict that Waystar will post 1.46 EPS for the current year.

Hedge Funds Weigh In On Waystar

A number of hedge funds and other institutional investors have recently modified their holdings of WAY. Kennedy Capital Management LLC raised its position in Waystar by 0.5% during the fourth quarter. Kennedy Capital Management LLC now owns 106,207 shares of the company’s stock valued at $3,478,000 after purchasing an additional 559 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Waystar by 22.1% in the 4th quarter. Pacer Advisors Inc. now owns 3,144 shares of the company’s stock worth $103,000 after purchasing an additional 569 shares during the period. State of Wyoming increased its position in shares of Waystar by 45.1% during the 2nd quarter. State of Wyoming now owns 2,098 shares of the company’s stock valued at $86,000 after purchasing an additional 652 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Waystar by 51.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock valued at $80,000 after purchasing an additional 719 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in Waystar by 3.7% during the 4th quarter. ProShare Advisors LLC now owns 21,474 shares of the company’s stock valued at $703,000 after buying an additional 764 shares during the period.

About Waystar

(Get 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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Analyst Recommendations for Waystar (NASDAQ:WAY)

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