Waystar (NASDAQ:WAY – Get Free Report) posted its earnings results on Wednesday. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05, Briefing.com reports. The business had revenue of $234.50 million for the quarter, compared to analyst estimates of $216.25 million. During the same period in the previous year, the company earned ($0.07) earnings per share. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. Waystar updated its FY24 guidance to $0.23-0.27 EPS and its FY 2024 guidance to 0.230-0.270 EPS.
Waystar Trading Up 2.7 %
Shares of WAY stock traded up $0.65 during mid-day trading on Friday, reaching $24.49. The stock had a trading volume of 549,180 shares, compared to its average volume of 1,016,637. Waystar has a one year low of $20.26 and a one year high of $24.53.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. William Blair began coverage on Waystar in a research note on Tuesday, July 2nd. They set an “outperform” rating for the company. Evercore ISI lifted their price target on shares of Waystar from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. initiated coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued an “overweight” rating and a $24.00 target price on the stock. The Goldman Sachs Group began coverage on shares of Waystar in a research report on Tuesday, July 2nd. They set a “buy” rating and a $32.00 target price for the company. Finally, Raymond James assumed coverage on Waystar in a research note on Tuesday, July 2nd. They issued an “outperform” rating and a $30.00 price objective on the stock. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $27.80.
About Waystar
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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