Waystar (NASDAQ:WAY) Stock Price Down 4.5% – Time to Sell?

Shares of Waystar Holding Corp. (NASDAQ:WAY) traded down 4.5% during mid-day trading on Monday . The company traded as low as $19.14 and last traded at $19.10. 438,451 shares changed hands during trading, a decline of 83% from the average session volume of 2,581,959 shares. The stock had previously closed at $20.00.

Wall Street Analyst Weigh In

WAY has been the subject of several research reports. UBS Group dropped their price objective on shares of Waystar from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Jefferies Financial Group reiterated a “buy” rating and set a $41.00 price target on shares of Waystar in a report on Wednesday, February 18th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price target on shares of Waystar in a research note on Thursday, April 30th. Wall Street Zen downgraded Waystar from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Finally, TD Cowen restated a “buy” rating on shares of Waystar in a research report on Wednesday, February 18th. 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. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $35.62.

Waystar Stock Up 1.0%

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’s fifty day simple moving average is $21.78 and its two-hundred day simple moving average is $26.50. The stock has a market capitalization of $3.68 billion, a P/E ratio of 28.61, a price-to-earnings-growth ratio of 0.75 and a beta of 0.10.

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

Institutional Investors Weigh In On Waystar

A number of institutional investors have recently made changes to their positions in the stock. ANTIPODES PARTNERS Ltd raised its position in shares of 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. Root Financial Partners LLC boosted its holdings in Waystar by 6,475.0% in the first 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. Smartleaf Asset Management LLC increased its position in Waystar by 6,005.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock valued at $38,000 after purchasing an additional 1,141 shares during the period. EverSource Wealth Advisors LLC increased its position in Waystar by 3,219.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $57,000 after purchasing an additional 1,352 shares during the period. Finally, Essential Partners LLC raised its holdings in Waystar by 1,432.7% during 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.

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.