Analysts Set Waystar Holding Corp. (NASDAQ:WAY) Target Price at $35.10

Shares of Waystar Holding Corp. (NASDAQ:WAYGet Free Report) have been assigned a consensus rating of “Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $35.10.

Several equities analysts have issued reports on WAY shares. The Goldman Sachs Group boosted their price target on Waystar from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Canaccord Genuity Group increased their target price on shares of Waystar from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Royal Bank of Canada lifted their price target on shares of Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Evercore ISI increased their price objective on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Raymond James upgraded Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price for the company in a research note on Friday, November 22nd.

Read Our Latest Stock Report on WAY

Insider Activity

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $33.89, for a total value of $564,810.74. Following the sale, the chief financial officer now directly owns 173,642 shares in the company, valued at $5,884,727.38. This represents a 8.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On Waystar

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. bought a new stake in Waystar during the second quarter worth about $430,000. Canada Pension Plan Investment Board purchased a new stake in Waystar in the second quarter worth approximately $800,003,000. Sei Investments Co. bought a new position in Waystar during the second quarter valued at approximately $1,435,000. Magnetar Financial LLC purchased a new position in shares of Waystar during the second quarter worth approximately $2,495,000. Finally, Davidson Kempner Capital Management LP bought a new stake in shares of Waystar in the 2nd quarter worth approximately $4,300,000.

Waystar Stock Up 0.3 %

WAY opened at $37.47 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29. Waystar has a fifty-two week low of $20.26 and a fifty-two week high of $38.35. The company’s 50 day moving average price is $34.10 and its two-hundred day moving average price is $28.75.

Waystar (NASDAQ:WAYGet Free Report) 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 company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $223.82 million. The company’s revenue was up 21.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Waystar will post 0.03 earnings per share for the current year.

About Waystar

(Get Free Report

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

See Also

Analyst Recommendations for Waystar (NASDAQ:WAY)

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