Waystar (NASDAQ:WAY) Given New $50.00 Price Target at Barclays

Waystar (NASDAQ:WAY) had its price target boosted by stock analysts at Barclays from $42.00 to $50.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 10.84% from the company’s current price.

WAY has been the topic of several other reports. Raymond James upgraded Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target on the stock in a report on Friday, November 22nd. 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 report on Thursday, November 7th. Canaccord Genuity Group raised their price target on shares of Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Jefferies Financial Group initiated coverage on shares of Waystar in a research note on Tuesday, February 11th. They issued a “buy” rating and a $51.00 price objective on the stock. Finally, Evercore ISI raised their target price on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Waystar presently has an average rating of “Buy” and an average target price of $38.91.

Waystar Price Performance

WAY opened at $45.11 on Wednesday. The company’s 50 day moving average is $38.64 and its 200-day moving average is $31.67. Waystar has a 1-year low of $20.26 and a 1-year high of $48.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29.

Waystar (NASDAQ:WAY) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.11. As a group, equities analysts expect that Waystar will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of Waystar stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $33.89, for a total value of $564,810.74. Following the completion of the sale, the chief financial officer now directly owns 173,642 shares of the company’s stock, valued at approximately $5,884,727.38. The trade was a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On Waystar

Large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Waystar during the 4th quarter worth approximately $1,309,000. Squarepoint Ops LLC grew its holdings in Waystar by 0.8% during the fourth quarter. Squarepoint Ops LLC now owns 201,548 shares of the company’s stock worth $7,397,000 after buying an additional 1,548 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in Waystar in the 4th quarter valued at $517,000. Two Sigma Investments LP lifted its stake in Waystar by 652.1% during the 4th quarter. Two Sigma Investments LP now owns 150,186 shares of the company’s stock valued at $5,512,000 after acquiring an additional 130,218 shares in the last quarter. Finally, Sig Brokerage LP purchased a new position in Waystar during the 4th quarter worth $1,015,000.

Waystar Company Profile

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