Waystar Holding Corp. (NASDAQ:WAY) Receives Average Rating of “Buy” from Analysts

Shares of Waystar Holding Corp. (NASDAQ:WAY) have been assigned a consensus rating of “Buy” from the sixteen ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $47.9231.

Several research analysts have recently weighed in on WAY shares. Citigroup boosted their target price on Waystar from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Zacks Research cut Waystar from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Wall Street Zen downgraded Waystar from a “buy” rating to a “hold” rating in a research note on Saturday, November 29th. Barclays lowered their price target on shares of Waystar from $56.00 to $42.00 and set an “overweight” rating on the stock in a research report on Monday, December 8th. Finally, UBS Group started coverage on shares of Waystar in a research report on Monday, December 15th. They set a “buy” rating and a $41.00 price objective for the company.

Insider Activity

In related news, CTO Christopher L. Schremser sold 8,623 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $30.41, for a total value of $262,225.43. Following the transaction, the chief technology officer directly owned 422,371 shares in the company, valued at approximately $12,844,302.11. This represents a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $37.00, for a total value of $125,800.00. Following the completion of the transaction, the chief marketing officer owned 193,261 shares of the company’s stock, valued at $7,150,657. The trade was a 1.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 58,372 shares of company stock valued at $2,030,623. 4.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Central Pacific Bank Trust Division boosted its stake in Waystar by 461.2% during the fourth quarter. Central Pacific Bank Trust Division now owns 5,427 shares of the company’s stock worth $178,000 after buying an additional 4,460 shares during the period. City Center Advisors LLC purchased a new position in shares of Waystar during the 4th quarter worth approximately $325,000. GAMMA Investing LLC boosted its position in shares of Waystar by 613.4% during the 4th quarter. GAMMA Investing LLC now owns 1,762 shares of the company’s stock worth $58,000 after purchasing an additional 1,515 shares during the period. JPMorgan Chase & Co. increased its holdings in Waystar by 152.6% in the 3rd 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 last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in Waystar in the third quarter valued at approximately $442,000.

Waystar Stock Performance

WAY opened at $33.68 on Friday. Waystar has a twelve month low of $29.40 and a twelve month high of $48.11. The firm has a market capitalization of $6.44 billion, a PE ratio of 54.32, a PEG ratio of 0.40 and a beta of 0.76. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average price is $34.39 and its 200 day moving average price is $36.34.

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.