Waystar (NASDAQ:WAY) Posts Earnings Results, Beats Expectations By $0.03 EPS

Waystar (NASDAQ:WAY) posted its quarterly earnings data on Wednesday. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03, FiscalAI reports. Waystar had a return on equity of 6.99% and a net margin of 10.90%.The firm had revenue of $319.67 million during the quarter, compared to analysts’ expectations of $316.22 million.

Waystar Trading Up 3.5%

WAY stock traded up $0.83 on Wednesday, hitting $24.52. 3,575,703 shares of the company were exchanged, compared to its average volume of 2,624,156. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 36.60, a price-to-earnings-growth ratio of 0.91 and a beta of 0.08. Waystar has a twelve month low of $17.26 and a twelve month high of $41.47. The business’s fifty day moving average is $20.62 and its two-hundred day moving average is $23.37.

Institutional Trading of Waystar

Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in Waystar by 6,005.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock valued at $38,000 after acquiring an additional 1,141 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 during the last quarter. State of Wyoming raised its holdings in shares of Waystar by 45.1% in the 2nd quarter. State of Wyoming now owns 2,098 shares of the company’s stock worth $86,000 after purchasing an additional 652 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Waystar in the 4th quarter worth about $83,000. Finally, Pacer Advisors Inc. lifted its stake in shares of Waystar by 22.1% in the 4th quarter. Pacer Advisors Inc. now owns 3,144 shares of the company’s stock valued at $103,000 after purchasing an additional 569 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WAY. Raymond James Financial reaffirmed a “strong-buy” rating and set a $32.00 price target on shares of Waystar in a research note on Thursday, April 30th. JPMorgan Chase & Co. decreased their target price on shares of Waystar from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Bank of America lowered their target price on shares of Waystar from $45.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Citigroup reiterated a “buy” rating on shares of Waystar in a report on Monday, July 20th. Finally, Wall Street Zen lowered Waystar from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.23.

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.