Barclays Issues Pessimistic Forecast for Waystar (NASDAQ:WAY) Stock Price

Waystar (NASDAQ:WAY) had its target price lowered by equities research analysts at Barclays from $50.00 to $45.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 23.05% from the company’s previous close.

Several other equities analysts have also issued reports on WAY. The Goldman Sachs Group boosted their target price on shares of Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Bank of America boosted their price objective on Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Canaccord Genuity Group boosted their price target on shares of Waystar from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Truist Financial initiated coverage on Waystar in a research note on Friday, March 14th. They set a “buy” rating and a $45.00 target price on the stock. Finally, Jefferies Financial Group initiated coverage on Waystar in a research report on Tuesday, February 11th. They issued a “buy” rating and a $51.00 target price for the company. Twelve research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $40.33.

Waystar Price Performance

NASDAQ:WAY traded down $0.70 during trading hours on Monday, hitting $36.57. The company’s stock had a trading volume of 539,853 shares, compared to its average volume of 1,385,299. The stock has a fifty day simple moving average of $39.51 and a 200-day simple moving average of $35.14. Waystar has a twelve month low of $20.26 and a twelve month 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 2.55.

Waystar (NASDAQ:WAY) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.11. The business had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. As a group, equities analysts anticipate that Waystar will post 0.39 EPS for the current year.

Insider Buying and Selling

In related news, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $42.15, for a total transaction of $143,310.00. Following the completion of the transaction, the chief marketing officer now directly owns 43,478 shares of the company’s stock, valued at $1,832,597.70. This trade represents a 7.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul G. Moskowitz sold 5,652,689 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $38.60, for a total value of $218,193,795.40. Following the completion of the sale, the director now directly owns 22,327,728 shares in the company, valued at approximately $861,850,300.80. This represents a 20.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,356,171 shares of company stock valued at $526,733,651 over the last three months.

Institutional Trading of Waystar

Institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new stake in shares of Waystar during the fourth quarter valued at $25,000. RiverPark Advisors LLC increased its holdings in Waystar by 25.5% in the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company’s stock worth $128,000 after acquiring an additional 710 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Waystar by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company’s stock valued at $901,000 after buying an additional 960 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Waystar by 1.8% in the fourth quarter. Russell Investments Group Ltd. now owns 54,096 shares of the company’s stock worth $1,985,000 after acquiring an additional 964 shares during the period. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in Waystar during the 4th quarter valued at approximately $48,000.

Waystar Company Profile

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