Waystar’s (WAY) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of Waystar (NASDAQ:WAY) in a research report report published on Friday morning,Weiss Ratings reports.

Several other research analysts have also issued reports on WAY. Barclays started coverage on Waystar in a research report on Tuesday, October 14th. They set an “overweight” rating and a $50.00 target price for the company. Mizuho assumed coverage on Waystar in a research report on Monday, June 30th. They issued an “outperform” rating and a $48.00 price objective on the stock. Robert W. Baird initiated coverage on Waystar in a research note on Friday, September 5th. They issued an “outperform” rating and a $44.00 target price on the stock. Truist Financial boosted their target price on shares of Waystar from $50.00 to $51.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Finally, Citizens Jmp assumed coverage on shares of Waystar in a report on Thursday, September 18th. They issued a “mkt outperform” rating and a $48.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Waystar currently has a consensus rating of “Buy” and a consensus target price of $45.50.

Waystar Stock Up 2.5%

NASDAQ WAY opened at $38.97 on Friday. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.39. Waystar has a 52 week low of $27.18 and a 52 week high of $48.11. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 81.19, a PEG ratio of 0.71 and a beta of 0.69. The company has a fifty day moving average of $37.57 and a two-hundred day moving average of $37.82.

Waystar (NASDAQ:WAY) last released its earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Waystar had a net margin of 8.50% and a return on equity of 5.65%. The firm had revenue of $270.65 million during the quarter, compared to analyst estimates of $255.26 million. During the same quarter last year, the business earned $0.04 EPS. The business’s revenue was up 15.4% on a year-over-year basis. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. On average, analysts predict that Waystar will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Waystar

In other news, CFO Steven M. Oreskovich sold 16,666 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $40.49, for a total transaction of $674,806.34. Following the transaction, the chief financial officer owned 354,512 shares in the company, valued at approximately $14,354,190.88. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul G. Moskowitz sold 4,295,139 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $39.21, for a total transaction of $168,412,400.19. Following the completion of the sale, the director directly owned 13,759,910 shares of the company’s stock, valued at approximately $539,526,071.10. This trade represents a 23.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,546,249 shares of company stock worth $177,987,193. Insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On Waystar

A number of hedge funds and other institutional investors have recently modified their holdings of WAY. Alliancebernstein L.P. raised its stake in Waystar by 3,883.4% in the second quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock worth $133,601,000 after buying an additional 3,186,869 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Waystar by 62.1% in the 1st quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company’s stock worth $302,263,000 after acquiring an additional 3,099,211 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Waystar by 9,107.1% during the 1st quarter. Invesco Ltd. now owns 2,040,285 shares of the company’s stock worth $76,225,000 after purchasing an additional 2,018,125 shares during the last quarter. Norges Bank bought a new stake in Waystar during the second quarter valued at about $46,577,000. Finally, Ameriprise Financial Inc. grew its stake in Waystar by 721.4% in the first quarter. Ameriprise Financial Inc. now owns 1,202,340 shares of the company’s stock valued at $44,919,000 after purchasing an additional 1,055,965 shares during the last quarter.

About Waystar

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.