Shares of Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) hit a new 52-week high on Friday after Royal Bank of Canada raised their price target on the stock from $27.00 to $31.00. Royal Bank of Canada currently has an outperform rating on the stock. Waystar traded as high as $27.43 and last traded at $27.34, with a volume of 508376 shares changing hands. The stock had previously closed at $26.87.
A number of other research analysts have also recently commented on the stock. William Blair initiated coverage on shares of Waystar in a research report on Tuesday, July 2nd. They issued an "outperform" rating on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Waystar from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. upped their target price 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. Canaccord Genuity Group assumed coverage on shares of Waystar in a research report on Tuesday, July 2nd. They issued a "buy" rating and a $30.00 target price on the stock. Finally, Barclays assumed coverage on shares of Waystar in a research report on Tuesday, July 2nd. They set an "overweight" rating and a $24.00 price target on the stock. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $28.90.
Check Out Our Latest Stock Analysis on Waystar
Hedge Funds Weigh In On Waystar
Hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC acquired a new stake in shares of Waystar during the second quarter worth $145,000. Scientech Research LLC acquired a new stake in Waystar in the second quarter valued at $289,000. Federated Hermes Inc. acquired a new stake in Waystar in the second quarter valued at $430,000. Sculptor Capital LP acquired a new stake in Waystar in the second quarter valued at $791,000. Finally, Point72 Asset Management L.P. acquired a new stake in Waystar in the second quarter valued at $813,000.
Waystar Price Performance
The stock's fifty day simple moving average is $23.92.
Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.05. The firm had revenue of $234.50 million during the quarter, compared to analysts' expectations of $216.25 million. The company's quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.07) EPS. On average, research analysts anticipate that Waystar Holding Corp. will post -0.08 earnings per share for the current fiscal year.
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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