Brokerages Set Waystar Holding Corp. (NASDAQ:WAY) Price Target at $36.55

Waystar Holding Corp. (NASDAQ:WAY) has been assigned an average rating of “Buy” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $36.55.

Several equities analysts have commented on WAY shares. Royal Bank of Canada increased their price target on Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Evercore ISI raised their price objective on shares of 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 raised their price objective on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Canaccord Genuity Group raised their price objective 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. Finally, The Goldman Sachs Group raised their price objective on shares of Waystar from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th.

Waystar Stock Performance

Shares of WAY stock opened at $45.35 on Wednesday. Waystar has a 12 month low of $20.26 and a 12 month high of $45.49. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $37.83 and its two-hundred day moving average is $31.09.

Insider Buying and Selling

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of Waystar stock in a transaction on Thursday, December 12th. The stock was 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 of the company’s stock, valued at approximately $5,884,727.38. This trade represents a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new position in shares of Waystar in the fourth quarter valued at about $25,000. Amalgamated Bank bought a new position in shares of Waystar in the third quarter valued at about $41,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Waystar in the fourth quarter valued at about $48,000. Smithfield Trust Co bought a new position in shares of Waystar in the third quarter valued at about $68,000. Finally, RiverPark Advisors LLC bought a new position in shares of Waystar in the third quarter valued at about $78,000.

Waystar Company Profile

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