Bank of America Increases Waystar (NASDAQ:WAY) Price Target to $32.00

Waystar (NASDAQ:WAY - Free Report) had its target price boosted by Bank of America from $27.00 to $32.00 in a research report sent to investors on Monday, Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. Canaccord Genuity Group began coverage on shares of Waystar in a research note on Tuesday, July 2nd. They set a buy rating and a $30.00 price objective for the company. JPMorgan Chase & Co. raised 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. William Blair began coverage on shares of Waystar in a research note on Tuesday, July 2nd. They set an outperform rating on the stock. Barclays initiated coverage on Waystar in a research report on Tuesday, July 2nd. They issued an overweight rating and a $24.00 target price for the company. Finally, Evercore ISI upped their price target on Waystar from $27.00 to $32.00 and gave the company an outperform rating in a research report on Tuesday, October 8th. 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 an average price target of $29.90.

Waystar Trading Down 0.5 %

WAY stock traded down $0.14 during trading hours on Monday, hitting $27.74. 397,284 shares of the stock traded hands, compared to its average volume of 866,557. The firm has a 50-day moving average of $26.37. Waystar has a one year low of $20.26 and a one year high of $28.57. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.46.

Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. The business had revenue of $234.50 million during the quarter, compared to analyst estimates of $216.25 million. During the same period in the prior year, the firm earned ($0.07) EPS. The business's revenue for the quarter was up 19.6% on a year-over-year basis. On average, sell-side analysts expect that Waystar will post -0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Waystar

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new stake in shares of Waystar in the second quarter worth about $145,000. Scientech Research LLC acquired a new stake in Waystar in the 2nd quarter worth approximately $289,000. Federated Hermes Inc. bought a new stake in Waystar during the second quarter worth approximately $430,000. SG Americas Securities LLC acquired a new position in Waystar during the third quarter valued at approximately $717,000. Finally, Sculptor Capital LP bought a new position in shares of Waystar in the second quarter valued at approximately $791,000.

About Waystar

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