Waystar (NASDAQ:WAY) Price Target Cut to $38.00 by Analysts at Bank of America

Waystar (NASDAQ:WAY) had its target price lowered by Bank of America from $45.00 to $38.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 10th. Truist Financial reduced their price target on shares of Waystar from $51.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Citigroup reduced their price target on shares of Waystar from $46.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. The Goldman Sachs Group reduced their price target on shares of Waystar from $44.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Finally, Leerink Partners initiated coverage on shares of Waystar in a research note on Monday, February 2nd. They set an “outperform” rating and a $43.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Waystar has a consensus rating of “Moderate Buy” and an average price target of $36.65.

Waystar Trading Down 1.4%

Shares of Waystar stock opened at $21.50 on Friday. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 0.85 and a beta of 0.87. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.38. Waystar has a 12-month low of $20.93 and a 12-month high of $42.55. The firm’s 50-day moving average price is $24.36 and its two-hundred day moving average price is $30.99.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The firm had revenue of $303.54 million for the quarter, compared to analyst estimates of $294.72 million. Waystar had a return on equity of 6.86% and a net margin of 10.20%.The company’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 earnings per share. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. On average, analysts forecast that Waystar will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Waystar

In other Waystar news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider owned 474,826 shares in the company, valued at approximately $14,282,766.08. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Waystar by 152.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,489,572 shares of the company’s stock worth $94,405,000 after purchasing an additional 1,504,026 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Waystar by 2,923.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 882,427 shares of the company’s stock worth $33,461,000 after purchasing an additional 853,239 shares during the last quarter. Lisanti Capital Growth LLC bought a new stake in shares of Waystar in the 3rd quarter valued at $4,002,000. Munro Partners increased its stake in shares of Waystar by 107.5% in the 3rd quarter. Munro Partners now owns 178,890 shares of the company’s stock valued at $6,784,000 after acquiring an additional 92,695 shares in the last quarter. Finally, Oak Ridge Investments LLC bought a new stake in shares of Waystar in the 3rd quarter valued at $2,139,000.

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.