Waystar Holding Corp. (NASDAQ:WAY) Given Average Recommendation of “Buy” by Analysts

Shares of Waystar Holding Corp. (NASDAQ:WAY) have been given a consensus rating of “Buy” by the sixteen ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $46.6429.

A number of research analysts have issued reports on WAY shares. BMO Capital Markets initiated coverage on Waystar in a research note on Thursday, November 13th. They set an “outperform” rating and a $47.00 price objective for the company. Citigroup lowered their price target on Waystar from $49.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, January 9th. Needham & Company LLC initiated coverage on shares of Waystar in a research note on Tuesday, November 11th. They issued a “buy” rating and a $46.00 price target on the stock. Canaccord Genuity Group set a $54.00 price objective on shares of Waystar in a research note on Thursday, October 30th. Finally, Wall Street Zen cut shares of Waystar from a “buy” rating to a “hold” rating in a report on Saturday, November 29th.

Waystar Price Performance

WAY stock opened at $28.22 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.89 and a current ratio of 3.89. The firm has a 50 day moving average price of $32.82 and a 200-day moving average price of $35.51. Waystar has a 52-week low of $28.15 and a 52-week high of $48.11. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 45.52, a PEG ratio of 0.37 and a beta of 0.76.

Insider Buying and Selling

In other news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $37.00, for a total value of $125,800.00. Following the completion of the transaction, the chief marketing officer owned 193,261 shares in the company, valued at $7,150,657. The trade was a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $30.08, for a total value of $1,209,968.00. Following the transaction, the insider directly owned 474,826 shares in the company, valued at approximately $14,282,766.08. The trade was a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 80,273 shares of company stock worth $2,569,997 in the last three months. Insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On Waystar

A number of hedge funds have recently bought and sold shares of WAY. Munro Partners raised its stake in Waystar by 107.5% during the 3rd quarter. Munro Partners now owns 178,890 shares of the company’s stock valued at $6,784,000 after buying an additional 92,695 shares during the last quarter. Oak Ridge Investments LLC purchased a new position in shares of Waystar in the 3rd quarter worth $2,139,000. Louisiana State Employees Retirement System bought a new stake in shares of Waystar in the third quarter worth $1,703,000. New York State Teachers Retirement System purchased a new stake in Waystar during the third quarter valued at $962,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Waystar during the second quarter valued at $2,670,000.

Waystar Company Profile

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.