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

Bain Capital Venture Investors LLC bought a new position in shares of Waystar Holding Corp. (NASDAQ:WAY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 882,965 shares of the company’s stock, valued at approximately $28,917,000. Waystar comprises about 11.4% of Bain Capital Venture Investors LLC’s portfolio, making the stock its 3rd largest holding. Bain Capital Venture Investors LLC owned 0.46% of Waystar at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WAY. ANTIPODES PARTNERS Ltd grew its position 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 buying an additional 449 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Waystar by 6,005.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock valued at $38,000 after buying an additional 1,141 shares during the last quarter. Danske Bank A S purchased a new position in Waystar in the 4th quarter valued at $52,000. EverSource Wealth Advisors LLC grew its position in Waystar by 3,219.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $57,000 after buying an additional 1,352 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Waystar by 613.4% in the 4th quarter. GAMMA Investing LLC now owns 1,762 shares of the company’s stock valued at $58,000 after buying an additional 1,515 shares during the last quarter.

Analysts Set New Price Targets

WAY has been the topic of a number of analyst reports. Bank of America lowered their price objective on shares of Waystar from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Jefferies Financial Group reiterated a “buy” rating and issued a $41.00 price objective on shares of Waystar in a research report on Wednesday, February 18th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price objective on shares of Waystar in a research report on Thursday, April 30th. Wells Fargo & Company lowered their price objective on shares of Waystar from $41.00 to $36.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Finally, Wall Street Zen lowered shares of Waystar from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $35.62.

Waystar Price Performance

Shares of NASDAQ WAY opened at $18.38 on Wednesday. The firm has a market capitalization of $3.53 billion, a P/E ratio of 27.43, a PEG ratio of 0.73 and a beta of 0.10. Waystar Holding Corp. has a one year low of $17.89 and a one year high of $41.47. The company’s fifty day moving average is $21.26 and its two-hundred day moving average is $25.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.76 and a current ratio of 1.76.

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