Waystar Holding Corp. $WAY Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC lessened its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY) by 41.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 272,798 shares of the company’s stock after selling 194,137 shares during the quarter. Penn Capital Management Company LLC owned 0.14% of Waystar worth $8,958,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WAY. Royal Bank of Canada increased its position in Waystar by 11.3% during the 1st quarter. Royal Bank of Canada now owns 21,609 shares of the company’s stock worth $808,000 after purchasing an additional 2,195 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Waystar during the 1st quarter worth approximately $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Waystar by 91.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,911 shares of the company’s stock worth $1,753,000 after purchasing an additional 22,364 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Waystar during the 1st quarter worth approximately $234,000. Finally, Goldman Sachs Group Inc. increased its position in Waystar by 13.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 747,268 shares of the company’s stock worth $27,918,000 after purchasing an additional 88,256 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Waystar from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Morgan Stanley assumed coverage on shares of Waystar in a research report on Monday, March 30th. They set an “equal weight” rating and a $28.00 target price for the company. Barclays dropped their target price on shares of Waystar from $36.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Canaccord Genuity Group dropped their target price on shares of Waystar from $54.00 to $30.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Finally, BMO Capital Markets dropped their target price on shares of Waystar from $47.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $35.62.

Waystar Stock Up 0.8%

NASDAQ WAY opened at $19.72 on Wednesday. The stock has a market cap of $3.78 billion, a PE ratio of 29.43, a P/E/G ratio of 0.77 and a beta of 0.21. Waystar Holding Corp. has a fifty-two week low of $17.89 and a fifty-two week high of $41.49. The business has a 50 day moving average price of $22.68 and a two-hundred day moving average price of $27.61. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.37.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The firm 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%.Waystar’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. As a group, sell-side analysts predict that Waystar Holding Corp. will post 1.45 EPS for the current fiscal year.

Waystar 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.