Waystar (NASDAQ:WAY – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03, Briefing.com reports. The firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $223.82 million. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. Waystar updated its FY24 guidance to $0.30-$0.32 EPS and its FY 2024 guidance to 0.300-0.320 EPS.
Waystar Stock Down 0.2 %
NASDAQ:WAY traded down $0.07 during trading hours on Friday, hitting $31.62. 2,218,007 shares of the company were exchanged, compared to its average volume of 879,283. The business’s fifty day moving average is $27.57. Waystar has a one year low of $20.26 and a one year high of $33.25. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.46.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on WAY shares. Deutsche Bank Aktiengesellschaft boosted their price target on Waystar from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Evercore ISI increased their target price on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday. Bank of America lifted their price target on shares of Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a report on Monday, October 14th. Canaccord Genuity Group increased their price objective on shares of Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada boosted their target price on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $31.90.
Waystar Company Profile
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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