Waystar (NASDAQ:WAY) Shares Gap Up – Here’s Why

Waystar Holding Corp. (NASDAQ:WAY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $18.55, but opened at $19.56. Waystar shares last traded at $20.0580, with a volume of 447,513 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently weighed in on WAY. JPMorgan Chase & Co. cut their price target on shares of Waystar from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. UBS Group cut their price target on shares of Waystar from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Leerink Partners assumed coverage on shares of Waystar in a report on Monday, February 2nd. They set an “outperform” rating and a $43.00 target price for the company. Barclays cut their price target on Waystar from $42.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $32.00 price target on shares of Waystar in a research report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $36.14.

Waystar Price Performance

The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $23.35 and a 200-day moving average of $28.36. The stock has a market capitalization of $3.79 billion, a P/E ratio of 29.46, a PEG ratio of 0.71 and a beta of 0.21.

Waystar (NASDAQ:WAY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The firm had revenue of $313.87 million for the quarter, compared to analysts’ expectations of $311.74 million. Waystar had a net margin of 10.90% and a return on equity of 6.99%. Waystar’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. Sell-side analysts predict that Waystar Holding Corp. will post 1.45 EPS for the current year.

Hedge Funds Weigh In On Waystar

A number of hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in Waystar by 11.3% during the first 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 acquired a new stake in Waystar during the first quarter worth about $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Waystar by 91.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,911 shares of the company’s stock worth $1,753,000 after buying an additional 22,364 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Waystar during the first quarter valued at approximately $234,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of 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 in 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.