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

Waystar Holding Corp. (NASDAQ:WAY)’s share price 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 traded.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. BMO Capital Markets reduced their price target on Waystar from $47.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Wells Fargo & Company reduced their price target on Waystar from $41.00 to $36.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Canaccord Genuity Group reduced their price target on Waystar from $54.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Evercore set a $27.00 price target on Waystar in a report on Wednesday, February 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $33.00 price target on shares of Waystar in a report on Thursday, April 30th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $35.62.

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 firm has a market cap of $3.68 billion, a P/E ratio of 28.67, a PEG ratio of 0.78 and a beta of 0.21. The business has a fifty day moving average of $23.09 and a 200 day moving average of $28.09.

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

Institutional Investors Weigh In On Waystar

Several hedge funds have recently bought and sold shares of the stock. ANTIPODES PARTNERS Ltd lifted its position in Waystar by 120.1% during the third quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock worth $31,000 after acquiring an additional 449 shares during the last quarter. Kennedy Capital Management LLC lifted its position in Waystar by 0.5% during the fourth quarter. Kennedy Capital Management LLC now owns 106,207 shares of the company’s stock worth $3,478,000 after acquiring an additional 559 shares during the last quarter. Pacer Advisors Inc. lifted its position in Waystar by 22.1% during the fourth quarter. Pacer Advisors Inc. now owns 3,144 shares of the company’s stock worth $103,000 after acquiring an additional 569 shares during the last quarter. State of Wyoming lifted its position in Waystar by 45.1% during the second quarter. State of Wyoming now owns 2,098 shares of the company’s stock worth $86,000 after acquiring an additional 652 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Waystar by 51.6% during the third quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock worth $80,000 after acquiring an additional 719 shares during 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.