Waystar Holding Corp. (NASDAQ:WAY) Receives Consensus Rating of “Buy” from Brokerages

Posted by Defense World Staff on Mar 9th, 2025

Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) has earned an average rating of “Buy” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $40.36.

WAY has been the topic of a number of research analyst reports. Jefferies Financial Group assumed coverage on Waystar in a report on Tuesday, February 11th. They set a “buy” rating and a $51.00 target price on the stock. The Goldman Sachs Group upped their price target on Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Bank of America upped their price target on Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Canaccord Genuity Group upped their price target on Waystar from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Finally, Barclays upped their price target on Waystar from $42.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th.

Check Out Our Latest Research Report on Waystar

Insider Activity at Waystar

In other news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $40.00, for a total transaction of $300,686,720.00. Following the transaction, the insider now directly owns 29,692,286 shares of the company’s stock, valued at $1,187,691,440. This represents a 20.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Steven M. Oreskovich sold 16,666 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $33.89, for a total value of $564,810.74. Following the transaction, the chief financial officer now directly owns 173,642 shares in the company, valued at $5,884,727.38. The trade was a 8.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,372,837 shares of company stock valued at $527,298,461.

Hedge Funds Weigh In On Waystar

Several hedge funds and other institutional investors have recently modified their holdings of WAY. Amalgamated Bank bought a new position in shares of Waystar during the 3rd quarter valued at $41,000. RiverPark Advisors LLC bought a new position in Waystar in the 3rd quarter worth $78,000. Jennison Associates LLC raised its holdings in Waystar by 4.3% in the 3rd quarter. Jennison Associates LLC now owns 1,129,164 shares of the company’s stock worth $31,492,000 after purchasing an additional 46,264 shares during the period. Smithfield Trust Co bought a new position in Waystar in the 3rd quarter worth $68,000. Finally, Charles Schwab Investment Management Inc. bought a new position in Waystar in the 3rd quarter worth $10,224,000.

Waystar Trading Down 8.0 %

WAY stock opened at $37.42 on Friday. Waystar has a fifty-two week low of $20.26 and a fifty-two week high of $48.11. The business’s 50 day moving average price is $40.18 and its two-hundred day moving average price is $33.23. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40.

Waystar (NASDAQ:WAY – Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.11. The firm had revenue of $244.10 million for the quarter, compared to analysts’ expectations of $232.29 million. Sell-side analysts forecast that Waystar will post 0.39 EPS for the current year.