Waystar (NASDAQ:WAY) Stock Rating Upgraded by KeyCorp

Waystar (NASDAQ:WAY) was upgraded by equities research analysts at KeyCorp to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities analysts have also commented on WAY. Deutsche Bank Aktiengesellschaft lowered their price objective on Waystar from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Bank of America reduced their target price on shares of Waystar from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. UBS Group lowered their price target on shares of Waystar from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Weiss Ratings cut shares of Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. Finally, Wall Street Zen lowered shares of Waystar from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Four analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $35.36.

Waystar Stock Performance

Waystar stock opened at $23.46 on Wednesday. The stock’s 50 day simple moving average is $20.24 and its two-hundred day simple moving average is $24.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 35.01, a PEG ratio of 0.84 and a beta of 0.08. Waystar has a fifty-two week low of $17.26 and a fifty-two week high of $41.47.

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

Institutional Investors Weigh In On Waystar

Several large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in Waystar by 152.6% during the third quarter. JPMorgan Chase & Co. now owns 2,489,572 shares of the company’s stock valued at $94,405,000 after purchasing an additional 1,504,026 shares during the period. Alliancebernstein L.P. boosted its holdings in Waystar by 4.5% in the third quarter. Alliancebernstein L.P. now owns 3,415,442 shares of the company’s stock worth $129,514,000 after purchasing an additional 146,510 shares during the last quarter. Farallon Capital Management LLC grew its position in Waystar by 22.3% in the 3rd quarter. Farallon Capital Management LLC now owns 750,000 shares of the company’s stock worth $28,440,000 after purchasing an additional 137,000 shares during the period. Fortress Investment Group LLC grew its position in Waystar by 451.5% in the 3rd quarter. Fortress Investment Group LLC now owns 686,071 shares of the company’s stock worth $26,016,000 after purchasing an additional 561,671 shares during the period. Finally, Capricorn Fund Managers Ltd raised its stake in Waystar by 46.2% during the 4th quarter. Capricorn Fund Managers Ltd now owns 738,263 shares of the company’s stock valued at $24,178,000 after buying an additional 233,141 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.