Brokerages Set Waystar Holding Corp. (NASDAQ:WAY) Price Target at $45.14

Waystar Holding Corp. (NASDAQ:WAY) has been assigned an average recommendation of “Buy” from the fifteen analysts that are covering the company, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $45.1429.

Several equities research analysts recently issued reports on the stock. Mizuho assumed coverage on shares of Waystar in a report on Monday, June 30th. They set an “outperform” rating and a $48.00 price target on the stock. Truist Financial lifted their price target on shares of Waystar from $50.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Baird R W raised shares of Waystar to a “strong-buy” rating in a report on Friday, September 5th. TD Cowen upgraded shares of Waystar to a “strong-buy” rating in a report on Thursday, June 5th. Finally, Citigroup assumed coverage on shares of Waystar in a report on Thursday, September 18th. They issued an “outperform” rating for the company.

Waystar Stock Performance

Shares of Waystar stock opened at $37.15 on Thursday. The company has a 50 day moving average of $36.84 and a 200-day moving average of $37.77. Waystar has a 1-year low of $26.56 and a 1-year high of $48.11. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.39. The company has a market cap of $6.47 billion, a PE ratio of 77.40, a price-to-earnings-growth ratio of 0.69 and a beta of 0.70.

Waystar (NASDAQ:WAY) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $270.65 million for the quarter, compared to analyst estimates of $255.26 million. Waystar had a net margin of 8.50% and a return on equity of 5.65%. The firm’s revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.04 EPS. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. As a group, equities research analysts forecast that Waystar will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Eric L. (Ric) Sinclair III sold 19,404 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $40.03, for a total value of $776,742.12. Following the sale, the insider directly owned 474,826 shares in the company, valued at $19,007,284.78. This represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Matthew J. Hawkins sold 46,667 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $38.26, for a total value of $1,785,479.42. Following the completion of the sale, the chief executive officer owned 764,131 shares in the company, valued at $29,235,652.06. The trade was a 5.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,677,917 shares of company stock worth $182,939,156 over the last quarter. 4.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Waystar

Institutional investors have recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division bought a new stake in Waystar in the second quarter valued at approximately $33,000. Nisa Investment Advisors LLC boosted its holdings in Waystar by 50.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock valued at $44,000 after acquiring an additional 358 shares during the last quarter. EverSource Wealth Advisors LLC boosted 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 valued at $57,000 after acquiring an additional 1,352 shares during the last quarter. State of Wyoming bought a new stake in Waystar in the first quarter valued at approximately $54,000. Finally, Quarry LP acquired a new position in Waystar in the first quarter valued at approximately $60,000.

About Waystar

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.