Monashee Investment Management LLC Takes $5.69 Million Position in Waystar Holding Corp. $WAY

Monashee Investment Management LLC purchased a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 150,000 shares of the company’s stock, valued at approximately $5,688,000. Waystar accounts for approximately 2.8% of Monashee Investment Management LLC’s portfolio, making the stock its 11th largest position.

A number of other institutional investors have also added to or reduced their stakes in WAY. Salomon & Ludwin LLC purchased a new position in Waystar during the third quarter valued at $25,000. ANTIPODES PARTNERS Ltd increased its stake in shares of Waystar by 120.1% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock worth $31,000 after acquiring an additional 449 shares in the last quarter. First Horizon Corp purchased a new position in Waystar during the 3rd quarter valued at about $38,000. Nisa Investment Advisors LLC boosted its stake in Waystar by 50.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock worth $44,000 after acquiring an additional 358 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake 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 acquiring an additional 1,352 shares in the last quarter.

Insider Activity

In other news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $30.08, for a total value of $1,209,968.00. Following the completion of the transaction, the insider owned 474,826 shares of the company’s stock, valued at $14,282,766.08. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Christopher L. Schremser sold 8,623 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $30.41, for a total value of $262,225.43. Following the sale, the chief technology officer owned 422,371 shares of the company’s stock, valued at $12,844,302.11. This represents a 2.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 58,549 shares of company stock worth $1,790,580 over the last 90 days. Company insiders own 4.10% of the company’s stock.

Waystar Stock Performance

WAY opened at $25.65 on Friday. The company has a 50 day simple moving average of $28.40 and a two-hundred day simple moving average of $33.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $4.92 billion, a P/E ratio of 42.05, a PEG ratio of 1.00 and a beta of 0.75. Waystar Holding Corp. has a 1-year low of $21.13 and a 1-year high of $45.00.

Waystar (NASDAQ:WAY) last released its earnings results on Tuesday, February 17th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The firm had revenue of $303.54 million for the quarter, compared to analysts’ expectations of $294.72 million. Waystar had a net margin of 10.20% and a return on equity of 6.86%. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. Equities analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on WAY. Jefferies Financial Group reiterated a “buy” rating and set a $41.00 target price on shares of Waystar in a report on Wednesday, February 18th. Canaccord Genuity Group cut their target price on Waystar from $54.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Citigroup reduced their price target on shares of Waystar from $46.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Needham & Company LLC lowered their target price on Waystar from $46.00 to $33.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Finally, Mizuho set a $42.00 price target on shares of Waystar in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $37.19.

Waystar 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.