Waystar Holding Corp. $WAY Shares Bought by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lifted its position in Waystar Holding Corp. (NASDAQ:WAY) by 236.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,155 shares of the company’s stock after buying an additional 38,767 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Waystar were worth $1,330,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Root Financial Partners LLC grew its holdings in Waystar by 6,475.0% during the first quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock worth $25,000 after acquiring an additional 1,036 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Waystar by 6,005.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock worth $38,000 after purchasing an additional 1,141 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Waystar by 3,219.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after purchasing an additional 1,352 shares during the last quarter. Danske Bank A S bought a new stake in shares of Waystar in the 4th quarter worth approximately $52,000. Finally, GAMMA Investing LLC raised its holdings in shares of Waystar by 613.4% in the 4th quarter. GAMMA Investing LLC now owns 1,762 shares of the company’s stock worth $58,000 after purchasing an additional 1,515 shares in the last quarter.

Waystar Trading Down 3.6%

NASDAQ:WAY opened at $22.19 on Wednesday. The stock has a market cap of $4.26 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 0.91 and a beta of 0.08. Waystar Holding Corp. has a fifty-two week low of $17.26 and a fifty-two week high of $41.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.76. The stock’s 50-day moving average is $20.06 and its two-hundred day moving average is $24.10.

Waystar (NASDAQ:WAY) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Waystar had a net margin of 10.90% and a return on equity of 6.99%. The business had revenue of $313.87 million during the quarter, compared to analyst estimates of $311.74 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The firm’s revenue was up 22.4% compared to the same quarter last year. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. As a group, equities research analysts forecast that Waystar Holding Corp. will post 1.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citigroup reduced their target price on shares of Waystar from $35.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 price target on shares of Waystar in a report on Thursday, April 30th. Bank of America cut their price objective on Waystar from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Wall Street Zen lowered Waystar from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Finally, Weiss Ratings lowered Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Waystar currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.36.

Waystar 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.