Waystar (NASDAQ:WAY) Sets New 12-Month Low – Here’s What Happened

Waystar Holding Corp. (NASDAQ:WAY)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $19.37 and last traded at $19.39, with a volume of 1951875 shares. The stock had previously closed at $19.90.

Analysts Set New Price Targets

WAY has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of Waystar from $41.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Waystar from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Loop Capital set a $33.00 price objective on shares of Waystar in a research note on Wednesday, February 18th. Freedom Capital upgraded shares of Waystar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $33.00 price objective on shares of Waystar 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.com, Waystar presently has a consensus rating of “Buy” and an average price target of $36.14.

Waystar Trading Down 2.6%

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 company’s fifty day moving average is $23.99 and its 200-day moving average is $28.94. The stock has a market cap of $3.72 billion, a PE ratio of 28.94, a PEG ratio of 0.79 and a beta of 0.21.

Waystar (NASDAQ:WAY) last issued its earnings results 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. Waystar had a net margin of 10.90% and a return on equity of 6.99%. The firm had revenue of $313.87 million during the quarter, compared to analysts’ expectations of $311.74 million. During the same quarter last year, the company posted $0.32 earnings per share. The firm’s revenue 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, analysts predict that Waystar Holding Corp. will post 1.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. ANTIPODES PARTNERS Ltd raised its holdings in shares of Waystar by 120.1% during the third quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock worth $31,000 after purchasing an additional 449 shares during the last quarter. First Horizon Corp purchased a new position in Waystar in the third quarter valued at $38,000. Root Financial Partners LLC increased its holdings in Waystar by 6,475.0% in the first quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock valued at $25,000 after buying an additional 1,036 shares in the last quarter. Smartleaf Asset Management LLC increased 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 buying an additional 1,141 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased 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 buying an additional 1,352 shares in the last quarter.

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.