Waystar (NASDAQ:WAY) Shares Gap Up – Here’s Why

Waystar Holding Corp. (NASDAQ:WAY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $18.55, but opened at $19.56. Waystar shares last traded at $20.0580, with a volume of 447,513 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on WAY shares. Truist Financial cut their price target on shares of Waystar from $51.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Barclays dropped their target price on Waystar from $42.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Weiss Ratings upgraded Waystar from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Mizuho set a $42.00 price objective on Waystar in a research note on Wednesday, February 4th. Finally, TD Cowen reiterated a “buy” rating on shares of Waystar in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Waystar currently has an average rating of “Buy” and a consensus target price of $36.14.

Waystar Price Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market cap of $3.79 billion, a P/E ratio of 29.46, a P/E/G ratio of 0.71 and a beta of 0.21. The firm’s fifty day moving average is $23.35 and its two-hundred day moving average is $28.36.

Waystar (NASDAQ:WAY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.42 EPS for the quarter, beating 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 business had revenue of $313.87 million during the quarter, compared to the consensus estimate of $311.74 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The business’s revenue was up 22.4% on a year-over-year basis. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. As a group, analysts anticipate that Waystar Holding Corp. will post 1.45 earnings per share for the current fiscal year.

Institutional Trading of Waystar

Several institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its stake in shares of Waystar by 6,475.0% during the first quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock valued at $25,000 after acquiring an additional 1,036 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in Waystar by 120.1% in 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. Smartleaf Asset Management LLC lifted its holdings in shares of Waystar by 6,005.3% during 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 fourth quarter worth about $52,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Waystar by 3,219.0% during 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 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.