Waystar Holding Corp. (NASDAQ:WAY) Receives Average Rating of “Buy” from Analysts

Shares of Waystar Holding Corp. (NASDAQ:WAY) have been assigned a consensus rating of “Buy” from the eleven analysts that are covering the stock, 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 12-month price target among analysts that have issued ratings on the stock in the last year is $32.90.

Several equities research analysts have recently commented on WAY shares. Evercore ISI boosted their price target on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Canaccord Genuity Group lifted their target price on Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Raymond James raised Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target for the company in a report on Friday, November 22nd. Finally, Royal Bank of Canada raised their price objective on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Insider Activity

In related news, CFO Steven M. Oreskovich sold 16,666 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 173,642 shares of the company’s stock, valued at $5,884,727.38. The trade was a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On Waystar

Hedge funds have recently modified their holdings of the company. Amalgamated Bank acquired a new position in shares of Waystar in the 3rd quarter worth $41,000. Smithfield Trust Co purchased a new position in shares of Waystar in the third quarter worth approximately $68,000. RiverPark Advisors LLC acquired a new stake in shares of Waystar during the third quarter valued at approximately $78,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Waystar in the 2nd quarter valued at approximately $145,000. Finally, Stifel Financial Corp acquired a new position in Waystar in the 3rd quarter worth approximately $204,000.

Waystar Stock Performance

Shares of NASDAQ:WAY opened at $37.92 on Tuesday. Waystar has a twelve month low of $20.26 and a twelve month 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. The business’s 50 day moving average is $31.54.

Waystar (NASDAQ:WAY) last released its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (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 analyst estimates of $223.82 million. Waystar’s quarterly revenue was up 21.7% compared to the same quarter last year. As a group, sell-side analysts predict that Waystar will post 0.03 earnings per share for the current fiscal year.

Waystar Company Profile

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