Waystar Holding Corp. (NASDAQ:WAY) Receives $32.90 Average Price Target from Brokerages

Shares of Waystar Holding Corp. (NASDAQ:WAY) have earned a consensus rating of “Buy” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $32.90.

A number of brokerages have issued reports on WAY. The Goldman Sachs Group raised their price target on shares of Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Evercore ISI raised their target price on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Bank of America boosted their price target on Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Raymond James upgraded Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, August 19th.

Waystar Stock Performance

NASDAQ:WAY opened at $30.88 on Friday. The firm has a 50-day moving average price of $28.86. The company has a current ratio of 2.29, a quick ratio of 2.29 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 $33.25.

Waystar (NASDAQ:WAY) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $223.82 million. Waystar’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, sell-side analysts predict that Waystar will post 0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Waystar

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in shares of Waystar by 697.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company’s stock valued at $30,724,000 after purchasing an additional 963,316 shares during the period. M&T Bank Corp raised its position in shares of Waystar by 116.6% in the third quarter. M&T Bank Corp now owns 63,746 shares of the company’s stock worth $1,778,000 after acquiring an additional 34,316 shares during the period. Barclays PLC boosted its stake in shares of Waystar by 701.7% during the 3rd quarter. Barclays PLC now owns 64,934 shares of the company’s stock worth $1,811,000 after acquiring an additional 56,834 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Waystar in the 3rd quarter valued at about $222,000. Finally, Jane Street Group LLC acquired a new position in Waystar in the 3rd quarter worth about $539,000.

Waystar Company Profile

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