Waystar Holding Corp. (NASDAQ:WAY) Receives $32.90 Average PT from Analysts

Posted by ABMN Staff on Dec 27th, 2024

Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) has received a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the firm, Marketbeat reports. Ten analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $32.90.

A number of analysts have weighed in on WAY shares. The Goldman Sachs Group increased their target price on Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Bank of America lifted their price objective on shares of Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a report on Monday, October 14th. Evercore ISI upped their target price on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Raymond James raised Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price for the company in a research report on Friday, November 22nd. Finally, Canaccord Genuity Group increased their price target on Waystar from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.

Get Our Latest Analysis on WAY

Insider Buying and Selling

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $5,884,727.38. This trade represents a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new stake in shares of Waystar during the second quarter worth $800,003,000. Deerfield Management Company L.P. Series C acquired a new stake in Waystar during the 2nd quarter worth about $106,468,000. TPG GP A LLC purchased a new stake in Waystar during the 2nd quarter valued at about $85,910,000. American Century Companies Inc. acquired a new position in shares of Waystar in the second quarter valued at about $28,357,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Waystar in the second quarter worth about $27,950,000.

Waystar Trading Up 1.1 %

Shares of Waystar stock opened at $38.17 on Tuesday. The business has a 50 day moving average of $31.34. Waystar has a one year low of $20.26 and a one year high of $38.35. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29.

Waystar (NASDAQ:WAY – Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $223.82 million. The firm’s revenue was up 21.7% on a year-over-year basis. Sell-side analysts expect that Waystar will post 0.03 earnings per share for the current fiscal year.