Waystar Holding Corp. $WAY Position Cut by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd reduced its holdings in Waystar Holding Corp. (NASDAQ:WAY) by 42.0% during the 1st quarter, Holdings Channel reports. The fund owned 40,000 shares of the company’s stock after selling 29,000 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Waystar were worth $964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in WAY. Root Financial Partners LLC grew its stake in shares of Waystar by 6,475.0% in the first 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. Essential Partners LLC increased its holdings in shares of Waystar by 1,432.7% during the first 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 raised its stake in shares of Waystar by 6,005.3% during the fourth 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 in the last quarter. Danske Bank A S bought a new stake in shares of Waystar during the fourth quarter valued at about $52,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Waystar by 3,219.0% in 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $39.00 target price on shares of Waystar in a research report on Friday. Wells Fargo & Company reduced their price target on shares of Waystar from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday. Bank of America decreased their price objective on shares of Waystar from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, April 10th. KeyCorp reiterated an “overweight” rating on shares of Waystar in a research note on Friday. Finally, Weiss Ratings cut Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $35.14.

Waystar Trading Up 7.3%

Shares of WAY stock opened at $22.66 on Tuesday. The stock has a 50-day simple moving average of $20.86 and a 200 day simple moving average of $23.09. Waystar Holding Corp. has a fifty-two week low of $17.26 and a fifty-two week high of $41.47. The stock has a market capitalization of $4.35 billion, a P/E ratio of 32.37, a P/E/G ratio of 0.82 and a beta of 0.06. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.36.

Waystar (NASDAQ:WAY) last released its earnings results on Wednesday, July 29th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Waystar had a return on equity of 7.03% and a net margin of 11.18%.The firm had revenue of $319.67 million for the quarter, compared to analyst estimates of $316.21 million. During the same period in the previous year, the company earned $0.36 earnings per share. Waystar’s revenue was up 18.1% compared to the same quarter last year. On average, sell-side analysts expect that Waystar Holding Corp. will post 1.47 earnings per share for the current fiscal year.

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.