Waystar (NASDAQ:WAY) Sets New 52-Week Low – Here’s What Happened

Shares of Waystar Holding Corp. (NASDAQ:WAY) reached a new 52-week low during trading on Wednesday . The stock traded as low as $29.14 and last traded at $29.3660, with a volume of 307193 shares trading hands. The stock had previously closed at $29.74.

Analysts Set New Price Targets

WAY has been the topic of several recent research reports. Barclays lowered their price target on shares of Waystar from $56.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, December 8th. Mizuho lifted their price target on Waystar from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. UBS Group started coverage on Waystar in a research report on Monday, December 15th. They issued a “buy” rating and a $41.00 price objective on the stock. The Goldman Sachs Group set a $44.00 target price on shares of Waystar in a report on Wednesday, January 14th. Finally, Wells Fargo & Company started coverage on shares of Waystar in a report on Thursday, January 8th. They set an “overweight” rating and a $41.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $46.64.

Waystar Stock Down 3.4%

The firm has a market cap of $5.50 billion, a PE ratio of 46.50, a PEG ratio of 0.38 and a beta of 0.76. The business’s 50 day moving average price is $33.42 and its 200 day moving average price is $35.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.89 and a quick ratio of 3.89.

Insider Buying and Selling at Waystar

In related news, insider Eric L. (Ric) Sinclair III sold 9,701 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $32.82, for a total value of $318,386.82. Following the completion of the transaction, the insider directly owned 474,826 shares of the company’s stock, valued at approximately $15,583,789.32. This represents a 2.00% decrease in their position. The transaction was disclosed in a document filed 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 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 sale, the chief marketing officer directly owned 193,261 shares in the company, valued at approximately $7,150,657. This trade represents a 1.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 40,048 shares of company stock valued at $1,360,029 over the last quarter. 4.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Capricorn Fund Managers Ltd raised its stake in Waystar by 46.2% during the fourth quarter. Capricorn Fund Managers Ltd now owns 738,263 shares of the company’s stock worth $24,178,000 after purchasing an additional 233,141 shares during the period. Exchange Traded Concepts LLC purchased a new stake in shares of Waystar during the 4th quarter valued at approximately $84,000. Fort Washington Investment Advisors Inc. OH acquired a new position in Waystar in the fourth quarter valued at approximately $20,987,000. SG Americas Securities LLC grew its position in Waystar by 171.6% in the fourth quarter. SG Americas Securities LLC now owns 20,755 shares of the company’s stock worth $680,000 after acquiring an additional 13,112 shares during the period. Finally, Central Pacific Bank Trust Division raised its position in Waystar by 461.2% in the fourth quarter. Central Pacific Bank Trust Division now owns 5,427 shares of the company’s stock valued at $178,000 after purchasing an additional 4,460 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.