Waystar Holding Corp. (NASDAQ:WAY) Receives $29.40 Consensus Target Price from Analysts

Waystar Holding Corp. (NASDAQ:WAY) has earned an average recommendation of “Buy” from the eleven analysts that are covering the firm, MarketBeat Ratings reports. Eleven analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $29.40.

WAY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Waystar from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Royal Bank of Canada raised their price objective on shares of Waystar from $27.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Bank of America assumed coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued a “buy” rating and a $27.00 price target on the stock. Canaccord Genuity Group assumed coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued a “buy” rating and a $30.00 price target on the stock. Finally, William Blair assumed coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued an “outperform” rating on the stock.

Hedge Funds Weigh In On Waystar

Several institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Waystar during the second quarter worth approximately $145,000. Scientech Research LLC bought a new stake in shares of Waystar in the 2nd quarter worth approximately $289,000. Federated Hermes Inc. acquired a new position in shares of Waystar in the 2nd quarter worth $430,000. SG Americas Securities LLC acquired a new stake in Waystar during the third quarter valued at $717,000. Finally, Sculptor Capital LP acquired a new position in shares of Waystar during the 2nd quarter worth about $791,000.

Waystar Stock Performance

Shares of WAY stock opened at $27.88 on Thursday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average price of $26.37. Waystar has a 1 year low of $20.26 and a 1 year high of $28.57.

Waystar (NASDAQ:WAY) last issued its earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $234.50 million during the quarter, compared to analysts’ expectations of $216.25 million. During the same quarter in the previous year, the company earned ($0.07) EPS. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. Equities research analysts anticipate that Waystar will post -0.08 EPS for the current year.

Waystar Company Profile

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