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

Waystar Holding Corp. (NASDAQ:WAY) has earned an average rating of “Buy” from the eleven research firms that are currently covering the firm, MarketBeat reports. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $32.90.

A number of research firms recently weighed in on WAY. Canaccord Genuity Group boosted their target price on Waystar from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Raymond James raised Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a research note on Friday, November 22nd. The Goldman Sachs Group boosted their target price on Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Evercore ISI raised their price target on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Bank of America boosted their price objective on Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, October 14th.

Insider Buying and Selling at Waystar

In other news, CFO Steven M. Oreskovich sold 16,666 shares of Waystar stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $33.89, for a total transaction of $564,810.74. Following the transaction, the chief financial officer now directly owns 173,642 shares of the company’s stock, valued at $5,884,727.38. The trade was a 8.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Waystar

Hedge funds have recently made changes to their positions in the business. Amalgamated Bank bought a new stake in Waystar in the 3rd quarter valued at $41,000. Smithfield Trust Co bought a new stake in shares of Waystar in the third quarter worth about $68,000. RiverPark Advisors LLC purchased a new stake in shares of Waystar in the third quarter worth about $78,000. Cubist Systematic Strategies LLC bought a new position in Waystar during the second quarter valued at approximately $145,000. Finally, Stifel Financial Corp purchased a new position in Waystar during the 3rd quarter valued at approximately $204,000.

Waystar Stock Performance

Shares of NASDAQ WAY opened at $38.17 on Tuesday. The business has a 50-day moving average of $31.34. Waystar has a 52 week low of $20.26 and a 52 week high of $38.35. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $223.82 million. The business’s quarterly revenue was up 21.7% on a year-over-year basis. On average, equities research analysts expect that Waystar will post 0.03 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.