Aristides Capital LLC Takes $834,000 Position in Waystar Holding Corp. $WAY

Aristides Capital LLC acquired a new position in shares of Waystar Holding Corp. (NASDAQ:WAY) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 22,000 shares of the company’s stock, valued at approximately $834,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new stake in Waystar during the third quarter worth approximately $25,000. ANTIPODES PARTNERS Ltd increased its holdings in shares of Waystar by 120.1% in the third quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock valued at $31,000 after purchasing an additional 449 shares during the period. First Horizon Corp purchased a new stake in shares of Waystar during the third quarter worth approximately $38,000. EverSource Wealth Advisors LLC raised its holdings in Waystar by 3,219.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after purchasing an additional 1,352 shares in the last quarter. Finally, CWM LLC lifted its position in Waystar by 515.8% in the third quarter. CWM LLC now owns 2,100 shares of the company’s stock valued at $80,000 after purchasing an additional 1,759 shares during the period.

Insider Buying and Selling

In other Waystar news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 474,826 shares in the company, valued at approximately $14,282,766.08. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.10% of the company’s stock.

Waystar Price Performance

Shares of NASDAQ WAY opened at $24.61 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $4.72 billion, a PE ratio of 40.34, a P/E/G ratio of 0.96 and a beta of 0.80. Waystar Holding Corp. has a 1-year low of $21.13 and a 1-year high of $42.55. The business’s fifty day moving average price is $27.12 and its two-hundred day moving average price is $33.08.

Waystar (NASDAQ:WAY) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). The firm had revenue of $303.54 million for the quarter, compared to analyst estimates of $294.72 million. Waystar had a net margin of 10.20% and a return on equity of 6.86%. The business’s revenue was up 24.3% compared to the same quarter last year. During the same period last year, the firm posted $0.29 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. On average, research analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WAY shares. Truist Financial reduced their price target on shares of Waystar from $51.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Needham & Company LLC decreased their price objective on Waystar from $46.00 to $33.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Wells Fargo & Company lowered their target price on shares of Waystar from $41.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. UBS Group assumed coverage on shares of Waystar in a research report on Monday, December 15th. They issued a “buy” rating and a $41.00 target price on the stock. Finally, Wall Street Zen lowered Waystar from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $37.06.

About Waystar

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.