Waystar (NASDAQ:WAY) Now Covered by BMO Capital Markets

Equities researchers at BMO Capital Markets started coverage on shares of Waystar (NASDAQ:WAY) in a research note issued on Thursday, Marketbeat reports. The brokerage set an “outperform” rating and a $47.00 price target on the stock. BMO Capital Markets’ target price would indicate a potential upside of 29.08% from the stock’s previous close.

A number of other equities analysts have also issued reports on WAY. Barclays began coverage on shares of Waystar in a research report on Tuesday, October 14th. They issued an “overweight” rating and a $50.00 target price for the company. Wall Street Zen raised shares of Waystar from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Mizuho boosted their price objective on Waystar from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Canaccord Genuity Group set a $54.00 price target on Waystar in a report on Thursday, October 30th. Finally, Zacks Research raised Waystar from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Waystar presently has a consensus rating of “Buy” and a consensus target price of $48.07.

Waystar Price Performance

Waystar stock traded down $0.49 during midday trading on Thursday, reaching $36.41. The company’s stock had a trading volume of 390,909 shares, compared to its average volume of 2,136,584. The firm has a market capitalization of $6.97 billion, a PE ratio of 58.70, a P/E/G ratio of 0.55 and a beta of 0.64. Waystar has a fifty-two week low of $29.29 and a fifty-two week high of $48.11. The stock’s 50 day simple moving average is $37.69 and its 200 day simple moving average is $37.87. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.89 and a current ratio of 3.89.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. The business had revenue of $268.65 million for the quarter, compared to analyst estimates of $256.12 million. Waystar had a net margin of 10.69% and a return on equity of 6.83%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. Waystar has set its FY 2025 guidance at 1.460-1.470 EPS. On average, equities research analysts forecast that Waystar will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Waystar

In other Waystar news, CEO Matthew J. Hawkins sold 12,800 shares of Waystar stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $38.08, for a total value of $487,424.00. Following the transaction, the chief executive officer owned 717,474 shares of the company’s stock, valued at approximately $27,321,409.92. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul G. Moskowitz sold 4,295,139 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $39.21, for a total transaction of $168,412,400.19. Following the completion of the transaction, the director owned 13,759,910 shares of the company’s stock, valued at $539,526,071.10. This trade represents a 23.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,499,582 shares of company stock worth $176,383,770 over the last three months. Company insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On Waystar

Institutional investors and hedge funds have recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new position in shares of Waystar in the third quarter worth about $25,000. ANTIPODES PARTNERS Ltd lifted its stake in Waystar by 120.1% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock valued at $31,000 after purchasing an additional 449 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in Waystar in the 2nd quarter valued at approximately $33,000. First Horizon Corp acquired a new stake in Waystar in the third quarter valued at approximately $38,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of Waystar by 50.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock worth $44,000 after buying an additional 358 shares during the last quarter.

Waystar Company Profile

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