Market Cap
$4.9B
WAY
Waystar Holding Corp.
$24.77 ▼ -2.28%
Prev close $25.35Market cap$4.9B
ConsensusStrong Buy
12-mo target$33.68 (+35.6%)
▲ Bullish
Analyst conviction 9/10
33 New Institutional Positions17 Institutional Exits Software & IT
Snapshot
The big-picture read on WAY right now — valuation, ownership and activity at a glance.
Cap Size
Mid Cap
Analyst Consensus
Strong Buy (93%)
Inst. Holders
50 funds
Inst. Value
$2.8B
Inst. Activity
33 buys / 17 sells
Insider Activity
$189.0K buy / $5.8M sell
Insider Net $
-$5.6M
Social Sentiment
70° Bullish
SEC Reports
4
Price chart 30d -3.7%
Daily candles (open–high–low–close) with volume. Green = up day, red = down day.
No data for this timeframe.
Vol
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Sep 30, 2026 short_volume
Short Volume: WAY — 59.0% short (0.4M / 0.7M)
Short: 391,670 | Exempt: 0 | TRF Vol: 663,823 | Short Ratio: 59.0% | Off-exchange volume (dark pool
Sep 2, 2026 Insider
Hawkins Matthew J. acquired via exercise 82,500 shares
Chief Executive Officer @ $4.14 ($341.6K)
Sep 2, 2026 Insider
Hawkins Matthew J. sold 82,500 shares
Chief Executive Officer @ $25.97 ($2.1M)
Sep 1, 2026 Insider
Aug 4, 2026 SEC Hawkins Matthew J. surrendered for taxes 30,287 shares
Chief Executive Officer @ $25.73 ($779.3K)
No summary provided
3 — Impact 5/10
Jun 30, 2026 Inst.
BANK OF MONTREAL /CAN/ — ADD
5,189,386 shares ($106.5M)
Jun 30, 2026 Inst.
Jun 11, 2026 SEC MILLENNIUM MANAGEMENT LLC — ADD
3,652,355 shares ($75.0M)
Waystar's Q3 2024 13F cluster reveals a bearish divergence: 4 active managers (Citadel, Balyasny, Ameriprise, Legal & Ge
INST-CLUSTER — Impact 5/10
Analyst ratings buy % +1.1%
How Wall Street rates the stock today, and the latest firm-by-firm actions.
93% rate it Buy or better · 28 analysts
Recent analyst actions
| Date | Firm | Action | Rating | Firm rating |
|---|---|---|---|---|
| Sep 16, 2026 | Freedom Capital Markets | MAINTAIN | Buy | 46% |
| Sep 15, 2026 | Barclays | DOWNGRADE | Equal-Weight | 54% |
| Aug 31, 2026 | Canaccord Genuity | MAINTAIN | Buy | 47% |
| Aug 27, 2026 | RBC Capital | REITERATE | Outperform | 55% |
| Aug 26, 2026 | Needham | REITERATE | Buy | 50% |
| Aug 13, 2026 | Truist Securities | MAINTAIN | Buy | 55% |
| Aug 7, 2026 | Barclays | MAINTAIN | Overweight | 54% |
| Jul 30, 2026 | UBS | MAINTAIN | Buy | 55% |
| Jul 30, 2026 | Wells Fargo | MAINTAIN | Overweight | 54% |
| Jul 30, 2026 | Needham | REITERATE | Buy | 50% |
Monthly consensus history
| Period | Str. Buy | Buy | Hold | Sell | Str. Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Sep 1, 2026 | 8 | 18 | 2 | 0 | 0 | 93% | |
| Aug 1, 2026 | 8 | 18 | 2 | 0 | 0 | 93% | |
| Jul 1, 2026 | 8 | 17 | 2 | 0 | 0 | 93% | |
| Jun 1, 2026 | 8 | 18 | 2 | 0 | 0 | 93% | |
| May 1, 2026 | 8 | 18 | 2 | 0 | 0 | 93% | |
| Apr 1, 2026 | 8 | 18 | 2 | 0 | 0 | 93% | |
| Mar 1, 2026 | 8 | 18 | 1 | 0 | 0 | 96% | |
| Feb 1, 2026 | 7 | 17 | 2 | 0 | 0 | 92% |
Price targets
Where 22 covering analysts think WAY trades over the next 12 months.
$33.68 +35.6% upside Strong Buy
Current$24.84 Low$28.00 Median$33.00 High$44.00 22 analysts
$28.00$44.00
Analyst rating Strong Buy· 1.4/5 as of Oct 2, 2026
Social media sentiment mood +0.0%
Retail-investor mood aggregated across social media. 0° = very bearish, 100° = very bullish.
70°
Bullish
BearishNeutralBullish
Recent posts
Reports & filings
AI-scored summaries of recent SEC filings and press releases, with sentiment and impact.
4 SEC filing reports analyzed · 0 bullish, 1 bearish, 1 mixed, 2 neutral · avg impact 4.8/10.
NEUTRAL35/10
No summary provided
Aug 4, 2026
BEARISHINST-CLUSTER5/10
Waystar's Q3 2024 13F cluster reveals a bearish divergence: 4 active managers (Citadel, Balyasny, Am
Jun 11, 2026
NEUTRALDEFA14A3/10
Waystar Holding Corp. filed a DEFA14A, which is an additional definitive proxy soliciting material.
Apr 17, 2026
MIXEDINST-CLUSTER6/10
Institutional activity in Waystar Holding Corp. (WAY) during 2025-Q4 shows a mixed signal: four inst
Feb 28, 2026
Upcoming & catalyst events
Scheduled dates plus disclosed catalysts — earnings, dividends, enforcement, FDA and clinical-trial events. Colored dot = impact.
Sep 30, 2026
short_volume
Short Volume: WAY — 59.0% short (0.4M / 0.7M)
Short: 391,670 | Exempt: 0 | TRF Vol: 663,823 | Short Ratio: 59.0% | Off-exchange volume (dark pool + OTC)
Sep 29, 2026
short_volume
Short Volume: WAY — 64.5% short (0.4M / 0.6M)
Short: 409,650 | Exempt: 0 | TRF Vol: 634,764 | Short Ratio: 64.5% | Off-exchange volume (dark pool + OTC)
Sep 28, 2026
short_volume
Short Volume: WAY — 73.9% short (0.4M / 0.6M)
Short: 421,833 | Exempt: 0 | TRF Vol: 570,465 | Short Ratio: 73.9% | Off-exchange volume (dark pool + OTC)
Sep 25, 2026
short_volume
Short Volume: WAY — 63.0% short (0.3M / 0.6M)
Short: 349,912 | Exempt: 2 | TRF Vol: 555,226 | Short Ratio: 63.0% | Off-exchange volume (dark pool + OTC)
Sep 21, 2026
short_volume
Short Volume: WAY — 63.5% short (0.5M / 0.8M)
Short: 508,951 | Exempt: 3 | TRF Vol: 801,482 | Short Ratio: 63.5% | Off-exchange volume (dark pool + OTC)
Earnings estimates
Forecast earnings per share and revenue by period — and whether estimates are rising.
| Period | EPS Est. | Range | Growth | 30d Rev | Up/Dn | Revenue | # |
|---|---|---|---|---|---|---|---|
| Current Q | $0.41 | $0.36–$0.43 | 10.3% | -0.0% | 7↑ 4↓ | $0.3B | 19 |
| Next Q | $0.42 | $0.37–$0.43 | 16.3% | -0.0% | 4↑ 7↓ | $0.3B | 19 |
| Current FY | $1.67 | $1.58–$1.76 | 17.6% | -0.0% | 19↑ 3↓ | $1.3B | 22 |
| Next FY | $1.88 | $1.73–$2.04 | 12.6% | +0.1% | 12↑ 8↓ | $1.4B | 22 |
Current-quarter EPS estimate — revision history
| When | EPS estimate | Change vs now |
|---|---|---|
| Current | $0.408 | — |
| 7d ago | $0.408 | -0.000 |
| 30d ago | $0.408 | -0.000 |
| 60d ago | $0.408 | +0.000 |
| 90d ago | $0.407 | +0.001 |
Institutional ownership
Which big funds own WAY (from quarterly 13F filings) and who is adding or trimming.
50 institutional holders with $2.8B total value (138,426,919 shares) as of 2026-Q2. Top holders: CANADA, BlackRock,, FMR. Net buying activity: 33 institutions added/increased vs 17 reduced.
Top holders — 2026-Q2
| Fund | Shares | Value | % Tracked | Last move |
|---|---|---|---|---|
| CANADA PENSION PLAN INVESTMENT BOARD | 19,025,452 | $390.6M | 13.7% | — |
| BlackRock, Inc. | 17,435,466 | $358.0M | 12.6% | — |
| FMR LLC | 15,045,567 | $308.9M | 10.9% | — |
| ADVENT INTERNATIONAL, L.P. | 11,059,899 | $227.1M | 8.0% | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 6,626,263 | $136.0M | 4.8% | — |
| VANGUARD CAPITAL MANAGEMENT LLC | 5,200,460 | $106.8M | 3.8% | — |
| BANK OF MONTREAL /CAN/ | 5,189,386 | $106.5M | 3.7% | ADD +50.3% |
| STATE STREET CORP | 4,572,108 | $93.9M | 3.3% | — |
| Artisan Partners Limited Partnership | 3,679,251 | $75.5M | 2.7% | — |
| MILLENNIUM MANAGEMENT LLC | 3,652,355 | $75.0M | 2.6% | ADD +72.9% |
Recent position changes
| Fund | Action | Prev | Current | Change | Value |
|---|---|---|---|---|---|
| BANK OF MONTREAL /CAN/ | ADD | 3,453,757 | 5,189,386 | +50.3% | $106.5M |
| MILLENNIUM MANAGEMENT LLC | ADD | 2,112,133 | 3,652,355 | +72.9% | $75.0M |
| UBS Group AG | ADD | 2,152,949 | 2,884,399 | +34.0% | $59.2M |
| DIMENSIONAL FUND ADVISORS LP | ADD | 2,046,396 | 2,660,854 | +30.0% | $54.6M |
| BANK OF AMERICA CORP /DE/ | ADD | 2,065,258 | 2,583,119 | +25.1% | $53.0M |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | ADD | 1,582,658 | 2,275,354 | +43.8% | $46.7M |
| Diamond Hill Capital Management, LLC (Investment Advisor) | ADD | 1,603,517 | 2,109,793 | +31.6% | $43.3M |
| MORGAN STANLEY | DOUBLED | 959,167 | 1,986,453 | +107.1% | $40.8M |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | ADD | 1,228,420 | 1,630,411 | +32.7% | $33.5M |
| ALTA FOX CAPITAL MANAGEMENT, LLC | NEW | — | 1,039,000 | — | $21.3M |
Insider activity
Buying and selling by company executives and directors (SEC Form 4).
18 insiders, 49 transactions. Net -$5.6M — $189.0K bought, $5.8M sold.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 2, 2026 | Hawkins Matthew J. | Chief Executive Officer | EXERCISE | 82,500 | $4.14 | $341.6K |
| Sep 2, 2026 | Hawkins Matthew J. | Chief Executive Officer | SELL | 82,500 | $25.97 | $2.1M |
| Sep 1, 2026 | Hawkins Matthew J. | Chief Executive Officer | TAX W/H | 30,287 | $25.73 | $779.3K |
| Sep 1, 2026 | Bridge T. Craig | Chief Transformation Officer | TAX W/H | 30,792 | $25.73 | $792.3K |
| Sep 1, 2026 | PACKER GREGORY R | Chief Legal officer | TAX W/H | 6,754 | $25.73 | $173.8K |
| Aug 17, 2026 | Khanna Amit | Chief Prod. & Tech. Officer | AWARD | 390,625 | — | — |
| Aug 13, 2026 | Hawkins Matthew J. | Chief Executive Officer | EXERCISE | 60,038 | $4.14 | $248.6K |
| Aug 13, 2026 | Hawkins Matthew J. | Chief Executive Officer | SELL | 60,038 | $25.01 | $1.5M |
| Aug 11, 2026 | Hawkins Matthew J. | Chief Executive Officer | EXERCISE | 22,462 | $4.14 | $93.0K |
| Aug 11, 2026 | Hawkins Matthew J. | Chief Executive Officer | SELL | 22,462 | $25.04 | $562.4K |
Short interest & halts
FINRA semi-monthly short positions, Reg SHO threshold status, and recent trading halts for WAY.
Shares short
15,171,764
Settlement Sep 15, 2026
Change vs prior
+7.5%
Semi-monthly cycle
Days to cover
7.5
At avg daily volume
Of shares outstanding
≈7.9%
Estimate — not % of float
All WAY filing & press-release reports (4)
- 3 reportAug 4, 2026
- INST-CLUSTER reportJun 11, 2026
- DEFA14A reportApr 17, 2026
- INST-CLUSTER reportFeb 28, 2026