Brokerages Set Waystar Holding Corp. (NASDAQ:WAY) Price Target at $46.64

Shares of Waystar Holding Corp. (NASDAQ:WAY) have been assigned an average rating of “Buy” from the sixteen analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $46.6429.

Several equities analysts have recently commented on WAY shares. The Goldman Sachs Group set a $44.00 price objective on shares of Waystar in a report on Wednesday, January 14th. Needham & Company LLC started coverage on Waystar in a research report on Tuesday, November 11th. They issued a “buy” rating and a $46.00 target price on the stock. Mizuho upped their price target on Waystar from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Wall Street Zen cut Waystar from a “buy” rating to a “hold” rating in a research note on Saturday, November 29th. Finally, BMO Capital Markets started coverage on Waystar in a report on Thursday, November 13th. They issued an “outperform” rating and a $47.00 price objective on the stock.

Waystar Trading Down 0.6%

NASDAQ WAY opened at $26.56 on Wednesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.89 and a quick ratio of 3.89. The stock has a market capitalization of $5.08 billion, a P/E ratio of 42.84, a PEG ratio of 0.33 and a beta of 0.76. The firm’s 50-day moving average is $32.33 and its two-hundred day moving average is $35.31. Waystar has a 12 month low of $26.20 and a 12 month high of $48.11.

Insiders Place Their Bets

In related news, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar 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 transaction, the chief marketing officer owned 193,261 shares in the company, valued at approximately $7,150,657. The trade was a 1.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Christopher L. Schremser sold 8,623 shares of the company’s stock in a transaction that occurred 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 sale, the chief technology officer directly owned 422,371 shares in the company, valued at approximately $12,844,302.11. The trade was a 2.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 80,273 shares of company stock worth $2,569,997 over the last three months. Company insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On Waystar

A number of institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its holdings in Waystar by 11.3% in the first quarter. Royal Bank of Canada now owns 21,609 shares of the company’s stock valued at $808,000 after buying an additional 2,195 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Waystar during the 1st quarter worth about $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Waystar by 91.1% in 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 acquiring an additional 22,364 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of Waystar in the 1st quarter valued at about $234,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Waystar by 13.4% during 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 in the last quarter.

About Waystar

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.