Waystar (NASDAQ:WAY) Issues Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Waystar (NASDAQ:WAY) posted its quarterly earnings data on Tuesday. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.11, Zacks reports. The business had revenue of $244.10 million during the quarter, compared to analysts’ expectations of $232.29 million. Waystar updated its FY 2025 guidance to 1.290-1.320 EPS.

Waystar Price Performance

Shares of WAY stock opened at $43.86 on Thursday. The business’s fifty day simple moving average is $38.84 and its 200-day simple moving average is $31.76. Waystar has a 12-month low of $20.26 and a 12-month high of $48.11. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WAY. Royal Bank of Canada upped their price target on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Raymond James raised Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research note on Friday, November 22nd. 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. Canaccord Genuity Group raised their target price on shares of Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Bank of America boosted their price target on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $39.64.

Insider Buying and Selling at Waystar

In other news, CFO Steven M. Oreskovich sold 16,666 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $33.89, for a total transaction of $564,810.74. Following the completion of the sale, the chief financial officer now owns 173,642 shares of the company’s stock, valued at $5,884,727.38. The trade was a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Waystar Company Profile

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