Waystar Holding Corp. (NASDAQ:WAY) Given Average Recommendation of “Buy” by Brokerages

Waystar Holding Corp. (NASDAQ:WAY) has received an average recommendation of “Buy” from the twenty-three ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $35.6190.

Several brokerages recently weighed in on WAY. Mizuho set a $42.00 price target on shares of Waystar in a research report on Wednesday, February 4th. Evercore set a $27.00 price target on shares of Waystar in a research report on Wednesday, February 18th. Bank of America dropped their price target on shares of Waystar from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Citigroup dropped their price target on shares of Waystar from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Finally, The Goldman Sachs Group dropped their price target on shares of Waystar from $44.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th.

Hedge Funds Weigh In On Waystar

Large investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC lifted its position in Waystar by 6,475.0% in the 1st quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock valued at $25,000 after acquiring an additional 1,036 shares in the last quarter. ANTIPODES PARTNERS Ltd lifted its position in shares of Waystar by 120.1% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock worth $31,000 after buying an additional 449 shares in the last quarter. Essential Partners LLC lifted its position in shares of Waystar by 1,432.7% during the 1st quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock worth $37,000 after buying an additional 1,447 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Waystar by 6,005.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock worth $38,000 after buying an additional 1,141 shares in the last quarter. Finally, Danske Bank A S bought a new position in shares of Waystar during the 4th quarter worth approximately $52,000.

Waystar Stock Performance

Shares of WAY opened at $21.92 on Tuesday. 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 has a 50-day moving average of $22.31 and a 200-day moving average of $27.16. The company has a market cap of $4.20 billion, a PE ratio of 32.72, a P/E/G ratio of 0.79 and a beta of 0.11. Waystar has a one year low of $17.89 and a one year high of $41.49.

Waystar (NASDAQ:WAY) last issued its earnings results on Wednesday, April 29th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. Waystar had a return on equity of 6.99% and a net margin of 10.90%.The company had revenue of $313.87 million during the quarter, compared to the consensus estimate of $311.74 million. During the same period last year, the business posted $0.32 EPS. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. On average, equities research analysts predict that Waystar will post 1.45 EPS for the current fiscal year.

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.