Analyzing Healthcare Triangle (NASDAQ:HCTI) and Waystar (NASDAQ:WAY)
by Tristan Rich · The Markets DailyWaystar (NASDAQ:WAY – Get Free Report) and Healthcare Triangle (NASDAQ:HCTI – Get Free Report) are both healthcare companies, but which is the superior business? We will compare the two businesses based on the strength of their analyst recommendations, dividends, valuation, risk, earnings, profitability and institutional ownership.
Insider and Institutional Ownership
0.3% of Healthcare Triangle shares are owned by institutional investors. 3.5% of Waystar shares are owned by company insiders. Comparatively, 0.1% of Healthcare Triangle shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Valuation and Earnings
This table compares Waystar and Healthcare Triangle”s gross revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Waystar | $1.10 billion | 4.61 | $112.09 million | $0.70 | 37.78 |
| Healthcare Triangle | $25.67 million | 0.48 | -$9.48 million | ($33.52) | -0.02 |
Waystar has higher revenue and earnings than Healthcare Triangle. Healthcare Triangle is trading at a lower price-to-earnings ratio than Waystar, indicating that it is currently the more affordable of the two stocks.
Profitability
This table compares Waystar and Healthcare Triangle’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Waystar | 11.18% | 7.03% | 4.75% |
| Healthcare Triangle | -66.85% | -125.45% | -36.06% |
Volatility & Risk
Waystar has a beta of 0.06, suggesting that its stock price is 94% less volatile than the S&P 500. Comparatively, Healthcare Triangle has a beta of 1.11, suggesting that its stock price is 11% more volatile than the S&P 500.
Analyst Ratings
This is a summary of recent ratings and recommmendations for Waystar and Healthcare Triangle, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Waystar | 1 | 2 | 20 | 3 | 2.96 |
| Healthcare Triangle | 1 | 0 | 0 | 0 | 1.00 |
Waystar presently has a consensus target price of $35.52, suggesting a potential upside of 34.31%. Given Waystar’s stronger consensus rating and higher probable upside, research analysts clearly believe Waystar is more favorable than Healthcare Triangle.
Summary
Waystar beats Healthcare Triangle on 13 of the 15 factors compared between the two stocks.
About Waystar
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
About Healthcare Triangle
Healthcare Triangle, Inc., a healthcare information technology company, focuses on developing solutions in the sectors of cloud services, data science, and professional and managed services for the electronic health record, and healthcare and life sciences industry. It provides a suite of software, solutions, platforms, and services that enables healthcare and pharma organizations to deliver personalized healthcare, precision medicine, advances in drug discovery, development and efficacy, collaborative research and development, respond to evidence, and accelerate their digital transformation. The company’s software platforms include CloudEz, an enterprise multi-cloud transformation and management platform that enables customers to manage their cloud infrastructure in private, hybrid, and public cloud infrastructures; and DataEz, a cloud-based data analytics and data science platform for the data analytics and data science requirements of life sciences/pharmaceutical and healthcare provider organizations. It also provides Readabl.AI, a Software-as-a-Service solution that uses public cloud artificial intelligence and machine learning to recognize and extract healthcare information from documents, faxes, and narrative reports. In addition, the company offers cloud IT services; and healthcare IT services, such as electronic health records and software implementation, optimization, and extension to community partners, as well as application managed services, and backup and disaster recovery on public cloud. It primarily serves healthcare delivery organizations, healthcare insurance companies, pharmaceutical and life sciences, biotech companies, and medical device manufacturers. The company was incorporated in 2019 and is based in Pleasanton, California. Healthcare Triangle, Inc. is a subsidiary of SecureKloud Technologies, Inc.