Bank of America Lowers Waystar (NASDAQ:WAY) Price Target to $38.00

Waystar (NASDAQ:WAY) had its price target reduced by analysts at Bank of America from $45.00 to $38.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price target suggests a potential upside of 76.74% from the company’s previous close.

Several other equities analysts have also issued reports on WAY. Wells Fargo & Company cut their price objective on shares of Waystar from $41.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Truist Financial cut their price objective on shares of Waystar from $51.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Evercore set a $27.00 target price on shares of Waystar in a research note on Wednesday, February 18th. Mizuho set a $42.00 target price on shares of Waystar in a research note on Wednesday, February 4th. Finally, BMO Capital Markets lowered their target price on shares of Waystar from $47.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.65.

Waystar Stock Performance

Shares of WAY stock opened at $21.50 on Friday. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 0.83 and a beta of 0.87. The company’s 50 day moving average is $24.36 and its 200 day moving average is $30.95. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.38. Waystar has a 52-week low of $20.93 and a 52-week high of $42.55.

Waystar (NASDAQ:WAY) last issued its quarterly earnings data 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 business had revenue of $303.54 million for the quarter, compared to analysts’ expectations of $294.72 million. Waystar had a net margin of 10.20% and a return on equity of 6.86%. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. On average, sell-side analysts anticipate that Waystar will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

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 completion of the sale, the insider directly owned 474,826 shares in the company, valued at $14,282,766.08. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Waystar

Several institutional investors have recently bought and sold shares of WAY. Royal Bank of Canada boosted its stake in Waystar by 11.3% in the first quarter. Royal Bank of Canada now owns 21,609 shares of the company’s stock valued at $808,000 after acquiring an additional 2,195 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Waystar during the first quarter worth $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Waystar by 91.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,911 shares of the company’s stock worth $1,753,000 after buying an additional 22,364 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Waystar during the first quarter worth $234,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Waystar by 13.4% during the first quarter. Goldman Sachs Group Inc. now owns 747,268 shares of the company’s stock worth $27,918,000 after buying an additional 88,256 shares during the period.

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.