Waystar Holding Corp. (NASDAQ:WAY) Receives $35.10 Average PT from Brokerages

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

A number of research analysts recently weighed in on WAY shares. Bank of America raised their price target on shares of Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, January 6th. 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. Evercore ISI raised their price target on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their price target on shares of Waystar from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada raised their price target on shares of Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Waystar Stock Up 3.1 %

NASDAQ:WAY opened at $39.05 on Friday. Waystar has a 52 week low of $20.26 and a 52 week high of $40.20. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29. The stock’s 50-day moving average price is $34.66 and its 200-day moving average price is $29.11.

Waystar (NASDAQ:WAY) last posted its earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $223.82 million. The business’s revenue was up 21.7% on a year-over-year basis. Sell-side analysts predict that Waystar will post 0.03 EPS for the current year.

Insider Activity at Waystar

In related news, CFO Steven M. Oreskovich sold 16,666 shares of Waystar 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 owns 173,642 shares in the company, valued at approximately $5,884,727.38. This trade represents a 8.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Waystar

Several institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank acquired a new position in shares of Waystar in the third quarter worth $41,000. Smithfield Trust Co acquired a new position in shares of Waystar in the third quarter worth $68,000. RiverPark Advisors LLC acquired a new position in shares of Waystar in the third quarter worth $78,000. Cubist Systematic Strategies LLC acquired a new position in shares of Waystar in the second quarter worth $145,000. Finally, Dakota Wealth Management acquired a new position in shares of Waystar in the fourth quarter worth $264,000.

About Waystar

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