Waystar (NASDAQ:WAY) Trading 5.8% Higher – Here’s Why

Posted by Francis Steltz on Aug 28th, 2026

Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) shares traded up 5.8% on Friday . The company traded as high as $26.75 and last traded at $26.71. 440,616 shares were traded during trading, a decline of 83% from the average session volume of 2,664,124 shares. The stock had previously closed at $25.25.

Analysts Set New Price Targets

WAY has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of Waystar from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. JPMorgan Chase & Co. dropped their target price on Waystar from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $39.00 price target on shares of Waystar in a research note on Friday, July 31st. KeyCorp reissued an “overweight” rating on shares of Waystar in a report on Friday, July 31st. Finally, BMO Capital Markets restated an “outperform” rating on shares of Waystar in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.39.

Get Our Latest Analysis on Waystar

Waystar Stock Up 3.5%

The stock has a market capitalization of $5.01 billion, a P/E ratio of 37.34, a P/E/G ratio of 0.94 and a beta of 0.06. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36. The stock’s 50 day simple moving average is $22.71 and its 200 day simple moving average is $22.66.

Waystar (NASDAQ:WAY – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The company had revenue of $319.67 million during the quarter, compared to the consensus estimate of $316.21 million. Waystar had a net margin of 11.18% and a return on equity of 7.03%. The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 EPS. As a group, research analysts predict that Waystar Holding Corp. will post 1.47 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new position in shares of Waystar in the 2nd quarter worth approximately $390,593,000. BlackRock Inc. acquired a new stake in shares of Waystar during the 2nd quarter valued at approximately $357,950,000. Vanguard Group Inc. lifted its stake in Waystar by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 12,330,872 shares of the company’s stock worth $403,836,000 after purchasing an additional 41,062 shares during the last quarter. Advent International L.P. bought a new position in Waystar during the second quarter worth $227,060,000. Finally, William Blair Investment Management LLC lifted its stake in Waystar by 0.4% during the fourth quarter. William Blair Investment Management LLC now owns 5,282,220 shares of the company’s stock worth $172,993,000 after purchasing an additional 19,033 shares during the last quarter.

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.