Waystar (NASDAQ:WAY) Hits New 52-Week Low – Here’s Why

Waystar Holding Corp. (NASDAQ:WAY) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $17.75 and last traded at $17.9850, with a volume of 2923854 shares trading hands. The stock had previously closed at $18.38.

Analysts Set New Price Targets

WAY has been the topic of a number of recent analyst reports. Morgan Stanley started coverage on Waystar in a report on Monday, March 30th. They set an “equal weight” rating and a $28.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $33.00 target price on shares of Waystar in a research report on Thursday, April 30th. Wells Fargo & Company decreased their target price on shares of Waystar from $41.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. JPMorgan Chase & Co. lowered their price target on shares of Waystar from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, UBS Group reduced 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. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $35.62.

Waystar Stock Performance

The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 0.72 and a beta of 0.10. The business has a fifty day moving average of $21.07 and a two-hundred day moving average of $25.62. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.76 and a current ratio of 1.76.

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 analysts’ expectations of $311.74 million. Waystar had a return on equity of 6.99% and a net margin of 10.90%.Waystar’s revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. As a group, equities analysts expect that Waystar Holding Corp. will post 1.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Waystar

Institutional investors and hedge funds have recently made changes to their positions in the business. ANTIPODES PARTNERS Ltd raised 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. Root Financial Partners LLC increased its stake in shares of Waystar by 6,475.0% during the 1st quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock worth $25,000 after purchasing an additional 1,036 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Waystar by 6,005.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock worth $38,000 after purchasing an additional 1,141 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Waystar by 3,219.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after purchasing an additional 1,352 shares during the last quarter. Finally, Essential Partners LLC raised its position in shares of 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.

About Waystar

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.