Waystar (NASDAQ:WAY) Issues Quarterly Earnings Results

Waystar (NASDAQ:WAY) posted its earnings results on Tuesday. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03), FiscalAI reports. The firm had revenue of $303.54 million for the quarter, compared to the consensus estimate of $294.72 million. Waystar had a return on equity of 6.83% and a net margin of 10.69%.

Waystar Trading Up 3.1%

Shares of Waystar stock opened at $22.41 on Tuesday. The stock has a market capitalization of $4.29 billion, a P/E ratio of 36.15, a P/E/G ratio of 0.28 and a beta of 0.77. Waystar has a 52-week low of $21.45 and a 52-week high of $48.11. 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 stock’s 50-day simple moving average is $29.66 and its 200 day simple moving average is $34.28.

Insider Transactions at Waystar

In related news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm’s 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 directly owned 193,261 shares of the company’s stock, valued at approximately $7,150,657. This trade represents a 1.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction that occurred on Wednesday, December 10th. The shares were 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 owned 422,371 shares of the company’s stock, valued at $12,844,302.11. This represents a 2.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 71,650 shares of company stock worth $2,258,535 over the last quarter. Corporate insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On Waystar

Institutional investors and hedge funds have recently modified their holdings of the company. MML Investors Services LLC purchased a new position in Waystar during the fourth quarter valued at approximately $207,000. Kennedy Capital Management LLC boosted its holdings in Waystar by 0.5% in the 4th quarter. Kennedy Capital Management LLC now owns 106,207 shares of the company’s stock valued at $3,478,000 after purchasing an additional 559 shares during the period. Barclays PLC grew its position in shares of Waystar by 10.0% during the 4th quarter. Barclays PLC now owns 177,248 shares of the company’s stock valued at $5,805,000 after purchasing an additional 16,071 shares in the last quarter. FORA Capital LLC bought a new stake in Waystar during the fourth quarter valued at $241,000. Finally, The Manufacturers Life Insurance Company grew its position in Waystar by 6.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 62,671 shares of the company’s stock worth $2,052,000 after buying an additional 3,836 shares in the last quarter.

Analysts Set New Price Targets

WAY has been the topic of a number of recent analyst reports. Canaccord Genuity Group set a $54.00 price target on Waystar in a report on Thursday, October 30th. Zacks Research downgraded shares of Waystar from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Mizuho set a $42.00 price objective on shares of Waystar in a report on Wednesday, February 4th. Wall Street Zen upgraded shares of Waystar from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Wells Fargo & Company started coverage on shares of Waystar in a research report on Thursday, January 8th. They set an “overweight” rating and a $41.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $45.50.

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.