Waystar Holding Corp. (NASDAQ:WAY) Given Consensus Recommendation of “Buy” by Analysts

Waystar Holding Corp. (NASDAQ:WAY) has received a consensus recommendation of “Buy” from the eleven analysts that are covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $35.10.

Several research firms recently commented on WAY. Canaccord Genuity Group upped their target price on Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. The Goldman Sachs Group upped their price target on shares of Waystar from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada increased their target price on Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Evercore ISI boosted their price target on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research report on Friday, November 22nd.

Insider Transactions at Waystar

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

Institutional Investors Weigh In On Waystar

Hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank bought a new position in shares of Waystar during the third quarter worth about $41,000. Smithfield Trust Co acquired a new stake in shares of Waystar in the third quarter valued at approximately $68,000. RiverPark Advisors LLC bought a new stake in shares of Waystar during the third quarter valued at approximately $78,000. Cubist Systematic Strategies LLC acquired a new position in shares of Waystar during the second quarter worth approximately $145,000. Finally, Stifel Financial Corp bought a new position in Waystar in the 3rd quarter worth approximately $204,000.

Waystar Stock Up 0.3 %

Waystar stock opened at $37.47 on Friday. The firm’s 50-day moving average is $33.99 and its two-hundred day moving average is $28.59. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar has a 12-month low of $20.26 and a 12-month high of $38.35.

Waystar (NASDAQ:WAY) last released its earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $223.82 million. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. On average, equities analysts anticipate that Waystar will post 0.03 EPS for the current fiscal year.

About Waystar

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