Waystar (NASDAQ:WAY) Sets New 52-Week Low – What’s Next?

Waystar Holding Corp. (NASDAQ:WAY)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $17.26 and last traded at $17.31, with a volume of 2540088 shares changing hands. The stock had previously closed at $18.47.

Analysts Set New Price Targets

WAY has been the topic of a number of research reports. UBS Group dropped their price target on shares of Waystar from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen cut Waystar from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. JPMorgan Chase & Co. lowered their target price on Waystar from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Barclays dropped their target price on Waystar from $36.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Finally, Citigroup cut their price target on Waystar from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $35.62.

Waystar Trading Up 3.3%

The company has a market cap of $3.65 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 0.73 and a beta of 0.10. The company’s 50 day moving average price is $20.77 and its 200 day moving average price is $25.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.76 and a current ratio of 1.76.

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

Institutional Trading of Waystar

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC increased its holdings in shares of Waystar by 6,475.0% during the 1st quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock valued at $25,000 after acquiring an additional 1,036 shares during the last quarter. Essential Partners LLC lifted its holdings in Waystar by 1,432.7% in the 1st quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock worth $37,000 after purchasing an additional 1,447 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Waystar by 6,005.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock worth $38,000 after purchasing an additional 1,141 shares during the last quarter. Danske Bank A S bought a new stake in Waystar during the fourth quarter worth approximately $52,000. Finally, EverSource Wealth Advisors LLC boosted its position in Waystar by 3,219.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after purchasing an additional 1,352 shares during the period.

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.