Waystar Holding Corp. (NASDAQ:WAY - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $27.39 and last traded at $27.11, with a volume of 42188 shares changing hands. The stock had previously closed at $26.67.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on WAY shares. Barclays started coverage on shares of Waystar in a research report on Tuesday, July 2nd. They issued an "overweight" rating and a $24.00 price objective for the company. Canaccord Genuity Group started coverage on shares of Waystar in a research report on Tuesday, July 2nd. They issued a "buy" rating and a $30.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of Waystar from $24.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, August 19th. Evercore ISI boosted their price objective on shares of Waystar from $25.00 to $27.00 and gave the company an "outperform" rating in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Waystar from $27.00 to $31.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Waystar presently has an average rating of "Buy" and a consensus price target of $28.50.
View Our Latest Research Report on Waystar
Waystar Stock Performance
The stock's 50-day moving average is $23.43.
Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.05. The firm had revenue of $234.50 million for the quarter, compared to analysts' expectations of $216.25 million. During the same period in the previous year, the company earned ($0.07) EPS. The company's revenue was up 19.6% on a year-over-year basis. On average, analysts anticipate that Waystar Holding Corp. will post -0.08 earnings per share for the current fiscal year.
Institutional Trading of Waystar
A number of hedge funds and other institutional investors have recently made changes to their positions in WAY. Canada Pension Plan Investment Board purchased a new stake in Waystar during the second quarter worth $800,003,000. Deerfield Management Company L.P. Series C purchased a new stake in Waystar during the second quarter worth $106,468,000. TPG GP A LLC purchased a new stake in Waystar during the second quarter worth $85,910,000. American Century Companies Inc. purchased a new stake in Waystar during the second quarter worth $28,357,000. Finally, Peregrine Capital Management LLC purchased a new stake in Waystar during the second quarter worth $9,010,000.
About Waystar
(
Get Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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