Waystar (NASDAQ:WAY) Upgraded at Freedom Capital

Freedom Capital upgraded shares of Waystar (NASDAQ:WAY) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. Barclays dropped their target price on Waystar from $42.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday. The Goldman Sachs Group cut their target price on shares of Waystar from $44.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday. Wall Street Zen upgraded shares of Waystar from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Zacks Research downgraded shares of Waystar from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Canaccord Genuity Group reduced their price objective on shares of Waystar from $54.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $37.19.

Waystar Trading Down 2.8%

Shares of NASDAQ WAY opened at $25.07 on Wednesday. Waystar has a 1-year low of $21.13 and a 1-year high of $45.00. The company has a 50-day moving average of $29.15 and a two-hundred day moving average of $34.02. The company has a market cap of $4.81 billion, a PE ratio of 41.10, a P/E/G ratio of 0.95 and a beta of 0.75. The company has a current ratio of 1.41, a quick ratio of 3.89 and a debt-to-equity ratio of 0.38.

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

Insider Activity at Waystar

In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $37.00, for a total value of $125,800.00. Following the completion of the sale, the chief marketing officer owned 193,261 shares of the company’s stock, valued at approximately $7,150,657. This represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Christopher L. Schremser sold 8,623 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $30.41, for a total transaction of $262,225.43. Following the completion of the sale, the chief technology officer owned 422,371 shares in the company, valued at approximately $12,844,302.11. This trade represents a 2.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 61,949 shares of company stock worth $1,916,380. 4.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in shares of Waystar by 11.3% during the first quarter. Royal Bank of Canada now owns 21,609 shares of the company’s stock worth $808,000 after acquiring an additional 2,195 shares during the period. AQR Capital Management LLC acquired a new position in Waystar in the 1st quarter worth $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Waystar by 91.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,911 shares of the company’s stock worth $1,753,000 after purchasing an additional 22,364 shares in the last quarter. NewEdge Advisors LLC bought a new position in Waystar during the 1st quarter worth about $234,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Waystar by 13.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 747,268 shares of the company’s stock valued at $27,918,000 after purchasing an additional 88,256 shares during the period.

Waystar Company Profile

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.