Waystar (NASDAQ:WAY) Price Target Raised to $52.00

Waystar (NASDAQ:WAY) had its target price upped by The Goldman Sachs Group from $44.00 to $52.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

WAY has been the topic of several other reports. Evercore ISI lifted their price objective on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays lifted their price objective on shares of Waystar from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday. Royal Bank of Canada lifted their price objective on shares of Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a report on Friday, November 22nd. Finally, Bank of America lifted their price objective on shares of Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a report 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 company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $39.64.

Waystar Trading Up 3.0 %

Waystar stock opened at $42.21 on Wednesday. The company has a 50 day moving average price of $39.14 and a 200-day moving average price of $31.96. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40. Waystar has a fifty-two week low of $20.26 and a fifty-two week high of $48.11.

Waystar (NASDAQ:WAY) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.11. The business had revenue of $244.10 million for the quarter, compared to analysts’ expectations of $232.29 million. On average, equities research analysts forecast that Waystar will post 0.39 earnings per share for the current year.

Insider Activity

In related news, CFO Steven M. Oreskovich sold 16,666 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 173,642 shares in the company, 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 SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank acquired a new position in shares of Waystar in the third quarter worth about $41,000. RiverPark Advisors LLC acquired a new position in shares of Waystar in the third quarter worth about $78,000. Jennison Associates LLC raised its position in shares of Waystar by 4.3% in the third quarter. Jennison Associates LLC now owns 1,129,164 shares of the company’s stock worth $31,492,000 after acquiring an additional 46,264 shares during the period. Smithfield Trust Co acquired a new position in shares of Waystar in the third quarter worth about $68,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Waystar in the third quarter worth about $10,224,000.

About Waystar

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