Royal Bank of Canada Increases Waystar (NASDAQ:WAY) Price Target to $31.00

Waystar (NASDAQ:WAY - Free Report) had its target price upped by Royal Bank of Canada from $27.00 to $31.00 in a report issued on Friday morning, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

WAY has been the subject of a number of other research reports. Canaccord Genuity Group initiated coverage on shares of Waystar in a research report on Tuesday, July 2nd. They set a buy rating and a $30.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their price target on Waystar from $27.00 to $31.00 and gave the company a buy rating in a research note on Wednesday, August 14th. Bank of America started coverage on shares of Waystar in a report on Tuesday, July 2nd. They issued a buy rating and a $27.00 target price for the company. Evercore ISI upped their price target on shares of Waystar from $25.00 to $27.00 and gave the company an outperform rating in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Waystar from $24.00 to $27.00 and gave the stock an overweight rating in a research note on Monday, August 19th. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Waystar presently has a consensus rating of Buy and an average price target of $28.90.

Waystar Trading Up 1.7 %

WAY stock traded up $0.47 during midday trading on Friday, reaching $27.34. 513,166 shares of the company's stock traded hands, compared to its average volume of 824,482. Waystar has a 52-week low of $20.26 and a 52-week high of $27.43. The stock's 50-day moving average is $23.92.

Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. The company had revenue of $234.50 million during the quarter, compared to the consensus estimate of $216.25 million. The firm's quarterly revenue was up 19.6% compared to the same quarter last year. During the same period last year, the business earned ($0.07) EPS. As a group, equities analysts forecast that Waystar will post -0.08 earnings per share for the current year.

Institutional Trading of Waystar

Large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Waystar in the 2nd quarter worth $145,000. Scientech Research LLC purchased a new stake in Waystar in the second quarter worth about $289,000. Federated Hermes Inc. bought a new position in Waystar during the 2nd quarter worth about $430,000. Sculptor Capital LP bought a new stake in shares of Waystar in the 2nd quarter valued at about $791,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Waystar in the 2nd quarter worth approximately $813,000.

Waystar Company Profile

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