JPMorgan Chase & Co. Boosts Waystar (NASDAQ:WAY) Price Target to $27.00

Waystar (NASDAQ:WAY) had its target price increased by JPMorgan Chase & Co. from $24.00 to $27.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research firms have also recently issued reports on WAY. William Blair assumed coverage on Waystar in a research report on Tuesday, July 2nd. They set an outperform rating on the stock. Bank of America assumed coverage on Waystar in a report on Tuesday, July 2nd. They issued a buy rating and a $27.00 target price for the company. Canaccord Genuity Group assumed coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued a buy rating and a $30.00 price objective for the company. Evercore ISI upped their target price on shares of Waystar from $25.00 to $27.00 and gave the stock an outperform rating in a research report on Thursday, August 8th. Finally, Raymond James initiated coverage on shares of Waystar in a research report on Tuesday, July 2nd. They set an outperform rating and a $30.00 price target for the company. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of Buy and an average price target of $28.50.

Waystar Stock Down 1.4 %

NASDAQ:WAY opened at $26.20 on Monday. Waystar has a 12-month low of $20.26 and a 12-month high of $27.07.

Waystar (NASDAQ:WAY) last posted its earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $234.50 million during the quarter, compared to analysts’ expectations of $216.25 million. The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period last year, the business earned ($0.07) earnings per share. On average, research analysts predict that Waystar will post -0.01 EPS for the current year.

Hedge Funds Weigh In On Waystar

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board acquired a new position in Waystar in the second quarter worth $800,003,000. Deerfield Management Company L.P. Series C bought a new position in Waystar during the second quarter worth about $106,468,000. TPG GP A LLC bought a new position in Waystar during the 2nd quarter worth approximately $85,910,000. American Century Companies Inc. bought a new stake in shares of Waystar in the 2nd quarter valued at $28,357,000. Finally, Peregrine Capital Management LLC acquired a new position in shares of Waystar in the 2nd quarter valued at approximately $9,010,000.

Waystar Company Profile

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