Analysts Set Waystar Holding Corp. (NASDAQ:WAY) Target Price at $29.90

Shares of Waystar Holding Corp. (NASDAQ:WAY) have been assigned a consensus rating of “Buy” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $29.90.

WAY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Waystar from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. raised their target price on shares of Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, August 19th. Evercore ISI lifted their price target on shares of Waystar from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Bank of America increased their price target on Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Royal Bank of Canada lifted their price objective on Waystar from $27.00 to $31.00 and gave the company an “outperform” rating in a report on Friday, September 6th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Amalgamated Bank acquired a new position in shares of Waystar during the 3rd quarter valued at $41,000. Cubist Systematic Strategies LLC acquired a new position in shares of Waystar during the second quarter valued at about $145,000. Scientech Research LLC acquired a new position in shares of Waystar during the second quarter valued at about $289,000. Federated Hermes Inc. bought a new position in shares of Waystar during the 2nd quarter worth about $430,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Waystar in the 3rd quarter valued at about $717,000.

Waystar Price Performance

Shares of NASDAQ WAY opened at $29.44 on Monday. Waystar has a twelve month low of $20.26 and a twelve month high of $30.22. The stock’s 50 day simple moving average is $27.47. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 2.15.

Waystar (NASDAQ:WAY) last announced its earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. The company had revenue of $234.50 million for the quarter, compared to the consensus estimate of $216.25 million. During the same period in the previous year, the firm posted ($0.07) EPS. The business’s quarterly revenue was up 19.6% on a year-over-year basis. As a group, equities research analysts expect that Waystar will post -0.08 EPS for the current fiscal year.

About Waystar

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