Waystar (NASDAQ:WAY) Hits New 1-Year Low – Time to Sell?

Shares of Waystar Holding Corp. (NASDAQ:WAY) hit a new 52-week low during trading on Monday . The company traded as low as $26.20 and last traded at $26.7170, with a volume of 1621963 shares trading hands. The stock had previously closed at $26.71.

Analyst Ratings Changes

A number of research firms recently commented on WAY. Mizuho lifted their price target on Waystar from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Canaccord Genuity Group set a $54.00 price objective on Waystar in a research report on Thursday, October 30th. Needham & Company LLC assumed coverage on Waystar in a report on Tuesday, November 11th. They set a “buy” rating and a $46.00 target price on the stock. Citigroup cut their price target on Waystar from $49.00 to $46.00 and set a “buy” rating for the company in a report on Friday, January 9th. Finally, Zacks Research downgraded shares of Waystar from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Waystar currently has a consensus rating of “Buy” and an average price target of $46.40.

Waystar Trading Up 0.0%

The firm has a 50-day moving average of $32.33 and a two-hundred day moving average of $35.28. The firm has a market capitalization of $5.08 billion, a P/E ratio of 42.85, a P/E/G ratio of 0.33 and a beta of 0.77. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 0.38.

Insider Activity

In other news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $30.08, for a total transaction of $1,209,968.00. Following the completion of the sale, the insider directly owned 474,826 shares in the company, valued at $14,282,766.08. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $37.00, for a total value of $125,800.00. Following the sale, the chief marketing officer owned 193,261 shares of the company’s stock, valued at approximately $7,150,657. The trade was a 1.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 80,273 shares of company stock valued at $2,569,997 over the last quarter. 4.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Waystar

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Horizon Investments LLC bought a new stake in Waystar during the 4th quarter valued at $84,000. Danske Bank A S acquired a new stake in shares of Waystar in the 4th quarter worth about $52,000. New York State Teachers Retirement System lifted its position in Waystar by 10.3% in the 4th quarter. New York State Teachers Retirement System now owns 27,981 shares of the company’s stock valued at $916,000 after acquiring an additional 2,617 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Waystar by 4.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 61,854 shares of the company’s stock valued at $2,026,000 after purchasing an additional 2,356 shares during the last quarter. Finally, Renaissance Capital LLC bought a new stake in Waystar during the 4th quarter worth approximately $2,273,000.

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.