Bain Capital Venture Investors LLC Invests $28.92 Million in Waystar Holding Corp. $WAY

Bain Capital Venture Investors LLC purchased a new position in shares of Waystar Holding Corp. (NASDAQ:WAY) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 882,965 shares of the company’s stock, valued at approximately $28,917,000. Waystar makes up about 11.4% of Bain Capital Venture Investors LLC’s portfolio, making the stock its 3rd largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in WAY. ANTIPODES PARTNERS Ltd raised its stake in shares of Waystar by 120.1% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock worth $31,000 after buying an additional 449 shares during the last quarter. Smartleaf Asset Management LLC raised its stake 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 worth $38,000 after buying an additional 1,141 shares during the last quarter. Danske Bank A S acquired a new position in shares of Waystar during the 4th quarter worth $52,000. EverSource Wealth Advisors LLC raised its stake in shares of Waystar by 3,219.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after buying an additional 1,352 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Waystar by 613.4% during the 4th quarter. GAMMA Investing LLC now owns 1,762 shares of the company’s stock worth $58,000 after buying an additional 1,515 shares during the last quarter.

Waystar Trading Down 0.9%

Shares of WAY stock opened at $18.38 on Wednesday. The firm has a 50-day moving average price of $21.26 and a 200 day moving average price of $25.88. Waystar Holding Corp. has a twelve month low of $17.89 and a twelve month high of $41.47. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 0.73 and a beta of 0.10. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.37.

Waystar (NASDAQ:WAY) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $313.87 million during the quarter, compared to analysts’ expectations of $311.74 million. Waystar had a return on equity of 6.99% and a net margin of 10.90%.The firm’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. Research analysts forecast that Waystar Holding Corp. will post 1.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WAY has been the subject of several research reports. Truist Financial cut their price target on Waystar from $51.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Citigroup cut their price target on Waystar from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. BMO Capital Markets cut their price target on Waystar from $47.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a $41.00 price target on shares of Waystar in a research note on Wednesday, February 18th. Finally, Freedom Capital raised shares of Waystar from a “hold” rating to a “strong-buy” rating in a research note 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 issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $35.62.

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.