Waystar (NASDAQ:WAY) Stock Price Up 7.9% Following Analyst Upgrade

Waystar Holding Corp. (NASDAQ:WAY)’s share price traded up 7.9% on Thursday after KeyCorp upgraded the stock to a strong-buy rating. The company traded as high as $23.39 and last traded at $23.1230. 2,438,538 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 2,625,115 shares. The stock had previously closed at $21.43.

WAY has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their price objective on shares of Waystar from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Weiss Ratings downgraded Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. Morgan Stanley initiated coverage on Waystar in a research report on Monday, March 30th. They issued an “equal weight” rating and a $28.00 target price on the stock. Wall Street Zen lowered Waystar from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Needham & Company LLC reissued a “buy” rating and set a $33.00 price target on shares of Waystar in a research report on Thursday, April 30th. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $35.36.

Institutional Trading of Waystar

A number of large investors have recently added to or reduced their stakes in WAY. 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 during the last quarter. Essential Partners LLC raised its holdings in shares of Waystar by 1,432.7% in the 1st quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock valued at $37,000 after purchasing an additional 1,447 shares during the period. Smartleaf Asset Management LLC lifted its stake in Waystar by 6,005.3% in 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 last quarter. Danske Bank A S acquired a new stake in Waystar in the 4th quarter valued at about $52,000. Finally, EverSource Wealth Advisors LLC grew its holdings 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 purchasing an additional 1,352 shares during the period.

Waystar Price Performance

The business has a fifty day moving average of $20.20 and a 200 day moving average of $24.64. The firm has a market cap of $4.50 billion, a P/E ratio of 35.01, a PEG ratio of 0.92 and a beta of 0.08. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.37.

Waystar (NASDAQ:WAY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $311.74 million. During the same quarter in the prior year, the company earned $0.32 earnings per share. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. On average, sell-side analysts anticipate that Waystar Holding Corp. will post 1.46 earnings per share for the current year.

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.