Waystar Holding Corp. (NASDAQ:WAY) Receives $29.90 Average Price Target from Analysts

Shares of Waystar Holding Corp. (NASDAQ:WAY) have earned an average rating of “Buy” from the eleven research firms that are currently covering the stock, MarketBeat reports. Eleven equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $31.90.

Several brokerages have recently commented on WAY. Royal Bank of Canada increased their price target on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on Waystar from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Bank of America raised their price objective on Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Evercore ISI boosted their target price on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, August 19th.

Waystar Stock Down 0.2 %

Shares of Waystar stock opened at $31.62 on Monday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. Waystar has a 12-month low of $20.26 and a 12-month high of $33.25. The stock’s fifty day moving average is $27.57.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. The firm had revenue of $234.50 million for the quarter, compared to analysts’ expectations of $216.25 million. Waystar’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.07) earnings per share. As a group, sell-side analysts predict that Waystar will post -0.08 EPS for the current fiscal year.

Institutional Trading of Waystar

Several institutional investors have recently bought and sold shares of WAY. Canada Pension Plan Investment Board bought a new stake in Waystar during the second quarter worth about $800,003,000. Deerfield Management Company L.P. Series C bought a new stake in Waystar during the 2nd quarter worth approximately $106,468,000. TPG GP A LLC acquired a new stake in Waystar during the 2nd quarter valued at $85,910,000. American Century Companies Inc. bought a new position in Waystar in the 2nd quarter valued at $28,357,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Waystar in the second quarter worth $27,950,000.

About Waystar

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