Waystar (NASDAQ:WAY - Get Free Report) had its target price lifted by research analysts at Bank of America from $36.00 to $43.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Bank of America's target price would suggest a potential upside of 14.94% from the company's current price.
Other equities analysts also recently issued research reports about the company. Canaccord Genuity Group increased their price target on Waystar from $36.00 to $42.00 and gave the company a "buy" rating in a report on Friday. Raymond James upgraded shares of Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 target price on the stock in a research note on Friday, November 22nd. The Goldman Sachs Group boosted their target price on shares of Waystar from $34.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their price target on Waystar from $31.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, 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. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Waystar presently has a consensus rating of "Buy" and a consensus price target of $34.60.
View Our Latest Stock Report on Waystar
WAY stock traded up $0.43 during trading hours on Monday, hitting $37.41. The company's stock had a trading volume of 544,272 shares, compared to its average volume of 861,966. 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 has a 12 month low of $20.26 and a 12 month high of $38.35. The stock has a 50 day moving average of $32.46.
Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $240.10 million for the quarter, compared to the consensus estimate of $223.82 million. The business's quarterly revenue was up 21.7% compared to the same quarter last year. As a group, equities analysts anticipate that Waystar will post 0.03 EPS for the current fiscal year.
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.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WAY. Canada Pension Plan Investment Board bought a new position in shares of Waystar in the second quarter valued at approximately $800,003,000. Deerfield Management Company L.P. Series C acquired a new stake in Waystar during the 2nd quarter valued at $106,468,000. TPG GP A LLC bought a new position in Waystar in the 2nd quarter valued at $85,910,000. American Century Companies Inc. acquired a new position in Waystar in the second quarter worth $28,357,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Waystar in the second quarter valued at $27,950,000.
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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