Waystar (WAY) to Release Quarterly Earnings on Wednesday

Waystar (NASDAQ:WAY - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $248.47 million for the quarter. Waystar has set its FY 2025 guidance at 1.290-1.320 EPS.

Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.11. The business had revenue of $244.10 million during the quarter, compared to analysts' expectations of $232.29 million. On average, analysts expect Waystar to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Waystar Stock Up 0.7 %

Shares of WAY stock opened at $35.45 on Wednesday. The company has a 50 day simple moving average of $38.66 and a two-hundred day simple moving average of $35.52. 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 2.55 and a debt-to-equity ratio of 0.40.

Insiders Place Their Bets

In other news, CTO Christopher L. Schremser sold 8,623 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $36.36, for a total transaction of $313,532.28. Following the transaction, the chief technology officer now owns 438,044 shares of the company's stock, valued at approximately $15,927,279.84. The trade was a 1.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of Waystar 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. The trade was a 20.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,411,461 shares of company stock valued at $528,743,995 in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently commented on WAY shares. Truist Financial began coverage on Waystar in a report on Friday, March 14th. They issued a "buy" rating and a $45.00 target price on the stock. Jefferies Financial Group initiated coverage on Waystar in a research report on Tuesday, February 11th. They set a "buy" rating and a $51.00 price objective on the stock. Barclays reduced their target price on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group lifted their price target on shares of Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Finally, Bank of America increased their price objective 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. Twelve research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Waystar presently has a consensus rating of "Buy" and a consensus price target of $40.33.

Waystar Company Profile

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

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