Waystar (NASDAQ:WAY) Reaches New 12-Month Low – Here’s Why

Waystar Holding Corp. (NASDAQ:WAY) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $28.60 and last traded at $28.8050, with a volume of 300992 shares. The stock had previously closed at $29.57.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Zacks Research downgraded shares of Waystar from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. BMO Capital Markets started coverage on Waystar in a report on Thursday, November 13th. They issued an “outperform” rating and a $47.00 target price on the stock. Citigroup lowered their target price on Waystar from $49.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, January 9th. Needham & Company LLC assumed coverage on Waystar in a research report on Tuesday, November 11th. They issued a “buy” rating and a $46.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Waystar in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Waystar currently has an average rating of “Buy” and a consensus target price of $46.64.

Waystar Price Performance

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 company has a market cap of $5.48 billion, a P/E ratio of 46.08, a P/E/G ratio of 0.37 and a beta of 0.76. The firm’s fifty day moving average is $32.95 and its two-hundred day moving average is $35.57.

Insider Buying and Selling

In other Waystar news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $30.08, for a total transaction of $1,209,968.00. Following the completion of the sale, the insider directly owned 474,826 shares of the company’s stock, valued at $14,282,766.08. This trade represents a 7.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Christopher L. Schremser sold 8,623 shares of the business’s 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 transaction, the chief technology officer directly owned 422,371 shares in the company, valued at $12,844,302.11. This trade represents a 2.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 80,273 shares of company stock worth $2,569,997. 4.10% of the stock is owned by corporate insiders.

Institutional Trading of Waystar

A number of institutional investors and hedge funds have recently bought and sold shares of WAY. Royal Bank of Canada boosted its holdings in shares of Waystar by 11.3% during the 1st quarter. Royal Bank of Canada now owns 21,609 shares of the company’s stock valued at $808,000 after purchasing an additional 2,195 shares during the last quarter. AQR Capital Management LLC bought a new position in Waystar during the first quarter valued at approximately $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 valued at $1,753,000 after buying an additional 22,364 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Waystar during the 1st quarter valued at approximately $234,000. Finally, Goldman Sachs Group Inc. increased its stake in Waystar by 13.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 747,268 shares of the company’s stock worth $27,918,000 after acquiring an additional 88,256 shares during the last quarter.

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.