Waystar (NASDAQ:WAY) Given New $37.00 Price Target at Deutsche Bank Aktiengesellschaft

Waystar (NASDAQ:WAY) had its price objective lowered by Deutsche Bank Aktiengesellschaft from $42.00 to $37.00 in a research report sent to investors on Thursday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

WAY has been the subject of a number of other reports. The Goldman Sachs Group cut their target price on Waystar from $44.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Canaccord Genuity Group decreased their price target on shares of Waystar from $54.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Jefferies Financial Group reissued a “buy” rating and issued a $41.00 price target on shares of Waystar in a report on Wednesday, February 18th. Raymond James Financial restated a “strong-buy” rating and issued a $35.00 price objective on shares of Waystar in a research note on Thursday, March 5th. Finally, Loop Capital set a $33.00 target price on shares of Waystar in a research report on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Waystar currently has a consensus rating of “Buy” and an average price target of $37.06.

Waystar Stock Up 0.2%

WAY stock opened at $24.61 on Thursday. Waystar has a twelve month low of $21.13 and a twelve month high of $42.55. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.38. The company has a market cap of $4.72 billion, a PE ratio of 40.34, a price-to-earnings-growth ratio of 0.96 and a beta of 0.80. The business’s 50-day simple moving average is $27.12 and its 200 day simple moving average is $33.08.

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

Insider Activity

In other news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the business’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 sale, the insider owned 474,826 shares in the company, valued at approximately $14,282,766.08. The trade was a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On Waystar

Hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its holdings in shares of Waystar by 2,923.3% during the third quarter. Thrivent Financial for Lutherans now owns 882,427 shares of the company’s stock worth $33,461,000 after buying an additional 853,239 shares in the last quarter. Lisanti Capital Growth LLC acquired a new stake in shares of Waystar in the third quarter valued at $4,002,000. Munro Partners increased its stake in shares of Waystar by 107.5% in the third 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 in the last quarter. Oak Ridge Investments LLC bought a new position in shares of Waystar in the third quarter valued at about $2,139,000. Finally, New York State Common Retirement Fund lifted its position in Waystar by 32.0% during the 3rd quarter. New York State Common Retirement Fund now owns 515,946 shares of the company’s stock worth $19,565,000 after buying an additional 125,199 shares in the last quarter.

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.