Waystar Holding Corp. (NASDAQ:WAY) Receives $47.57 Consensus Target Price from Brokerages

by · The Markets Daily

Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) has been assigned an average recommendation of “Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $47.9231.

WAY has been the subject of several research reports. Citigroup raised their price objective on Waystar from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. UBS Group began coverage on Waystar in a report on Monday, December 15th. They set a “buy” rating and a $41.00 target price for the company. Zacks Research lowered Waystar from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Canaccord Genuity Group set a $54.00 price target on Waystar in a research note on Thursday, October 30th. Finally, Mizuho boosted their price objective on Waystar from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th.

Get Our Latest Research Report on WAY

Waystar Trading Up 1.3%

Shares of NASDAQ:WAY opened at $31.78 on Friday. 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 stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 51.26, a PEG ratio of 0.40 and a beta of 0.76. Waystar has a 1-year low of $29.40 and a 1-year high of $48.11. The company has a 50 day moving average price of $34.64 and a 200 day moving average price of $36.40.

Insider Activity

In related news, insider Eric L. (Ric) Sinclair III sold 9,701 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $32.82, for a total value of $318,386.82. Following the completion of the sale, the insider owned 474,826 shares in the company, valued at approximately $15,583,789.32. This represents a 2.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $37.00, for a total transaction of $125,800.00. Following the transaction, the chief marketing officer owned 193,261 shares in the company, valued at approximately $7,150,657. The trade was a 1.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,372 shares of company stock worth $2,030,623 over the last 90 days. 4.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WAY. City Center Advisors LLC purchased a new stake in shares of Waystar during the 4th quarter worth about $325,000. GAMMA Investing LLC grew its holdings in Waystar by 613.4% in the 4th quarter. GAMMA Investing LLC now owns 1,762 shares of the company’s stock valued at $58,000 after buying an additional 1,515 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Waystar by 152.6% in the third quarter. JPMorgan Chase & Co. now owns 2,489,572 shares of the company’s stock worth $94,405,000 after acquiring an additional 1,504,026 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in Waystar during the third quarter worth $442,000. Finally, Maven Securities LTD increased its position in Waystar by 110.8% during the third quarter. Maven Securities LTD now owns 52,700 shares of the company’s stock worth $1,998,000 after acquiring an additional 27,700 shares during the period.

About Waystar

(Get Free Report)

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.

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