Waystar Holding Corp. (NASDAQ:WAY) Given Average Rating of “Buy” by Brokerages

Shares of Waystar Holding Corp. (NASDAQ:WAY) have received a consensus rating of “Buy” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $32.90.

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, August 19th. Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target for the company in a research report on Friday, November 22nd. Canaccord Genuity Group raised their price target on shares of Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their price objective on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Evercore ISI lifted their price objective on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

Waystar Trading Down 3.6 %

Waystar stock opened at $29.77 on Friday. Waystar has a fifty-two week low of $20.26 and a fifty-two week high of $33.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a 50 day moving average of $28.98.

Waystar (NASDAQ:WAY) 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 during the quarter, compared to analyst estimates of $223.82 million. The company’s revenue was up 21.7% on a year-over-year basis. As a group, equities research analysts anticipate that Waystar will post 0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Waystar

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Amalgamated Bank acquired a new position in Waystar in the third quarter valued at $41,000. Smithfield Trust Co acquired a new position in Waystar in the third quarter valued at $68,000. RiverPark Advisors LLC acquired a new position in Waystar in the third quarter valued at $78,000. Cubist Systematic Strategies LLC acquired a new position in Waystar in the second quarter valued at $145,000. Finally, Stifel Financial Corp acquired a new position in Waystar in the third quarter valued at $204,000.

About Waystar

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