BNP Paribas Financial Markets Takes Position in Waystar Holding Corp. (NASDAQ:WAY)

BNP Paribas Financial Markets bought a new position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 36,070 shares of the company's stock, valued at approximately $1,006,000.

Other hedge funds also recently made changes to their positions in the company. Amalgamated Bank acquired a new position in Waystar during the 3rd quarter valued at approximately $41,000. Smithfield Trust Co bought a new stake in Waystar during the 3rd quarter valued at $68,000. RiverPark Advisors LLC bought a new stake in Waystar during the 3rd quarter valued at $78,000. Cubist Systematic Strategies LLC bought a new stake in Waystar during the 2nd quarter valued at $145,000. Finally, Scientech Research LLC bought a new stake in Waystar during the 2nd quarter valued at $289,000.

Waystar Trading Up 3.8 %

Shares of NASDAQ WAY traded up $1.24 during trading on Wednesday, reaching $34.02. The company had a trading volume of 1,522,480 shares, compared to its average volume of 922,158. Waystar Holding Corp. has a 52 week low of $20.26 and a 52 week high of $34.12. The business's 50 day moving average is $29.33. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40.

Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $223.82 million. The company's revenue for the quarter was up 21.7% on a year-over-year basis. As a group, equities analysts expect that Waystar Holding Corp. will post 0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WAY. Bank of America lifted their target price on Waystar from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Monday, October 14th. JPMorgan Chase & Co. lifted their target price on Waystar from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on Waystar from $27.00 to $31.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Royal Bank of Canada boosted their price objective on Waystar from $31.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group boosted their price objective on Waystar from $30.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Waystar has a consensus rating of "Buy" and an average target price of $32.90.

About Waystar

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