Waystar Holding Corp. (NASDAQ:WAY) Given Consensus Recommendation of “Buy” by Brokerages

Waystar Holding Corp. (NASDAQ:WAY) has been assigned a consensus rating of “Buy” from the twenty-four analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seventeen have given a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $35.3636.

WAY has been the subject of several recent research reports. UBS Group lowered their price objective on shares of Waystar from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Bank of America cut their target price on shares of Waystar from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Wall Street Zen lowered shares of Waystar from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Citigroup decreased their price target on shares of Waystar from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $32.00 price target on shares of Waystar in a research note on Thursday, April 30th.

Waystar Price Performance

WAY opened at $23.46 on Friday. The stock’s 50-day moving average price is $20.20 and its 200 day moving average price is $24.64. Waystar has a 12-month low of $17.26 and a 12-month high of $41.47. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.37. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 35.01, a PEG ratio of 0.92 and a beta of 0.08.

Waystar (NASDAQ:WAY) last released its earnings results on Wednesday, April 29th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $313.87 million during the quarter, compared to the consensus estimate of $311.74 million. Waystar had a return on equity of 6.99% and a net margin of 10.90%.Waystar’s revenue was up 22.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. As a group, sell-side analysts expect that Waystar will post 1.46 earnings per share for the current year.

Institutional Inflows and Outflows

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