Brokerages Set Waystar Holding Corp. (NASDAQ:WAY) PT at $28.50

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) has earned a consensus rating of "Buy" from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have covered the stock in the last year is $28.50.

WAY has been the topic of a number of research reports. Canaccord Genuity Group assumed coverage on Waystar in a research note on Tuesday, July 2nd. They set a "buy" rating and a $30.00 price target on the stock. Raymond James assumed coverage on Waystar in a report on Tuesday, July 2nd. They set an "outperform" rating and a $30.00 target price for the company. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Waystar from $27.00 to $31.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Barclays initiated coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued an "overweight" rating and a $24.00 price objective for the company. Finally, Evercore ISI lifted their price objective on shares of Waystar from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Thursday, August 8th.

Waystar Price Performance

Shares of Waystar stock traded down $0.37 during mid-day trading on Wednesday, hitting $26.20. The stock had a trading volume of 265,134 shares, compared to its average volume of 925,148. Waystar has a 12-month low of $20.26 and a 12-month high of $27.07.

Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results 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 for the quarter, compared to analyst estimates of $216.25 million. During the same period last year, the business earned ($0.07) EPS. Waystar's revenue was up 19.6% compared to the same quarter last year. Equities analysts forecast that Waystar will post -0.01 EPS for the current year.

Hedge Funds Weigh In On Waystar

Several hedge funds have recently added to or reduced their stakes in the business. Deerfield Management Company L.P. Series C purchased a new stake in Waystar in the 2nd quarter valued at about $106,468,000. Empyrean Capital Partners LP acquired a new position in Waystar in the second quarter valued at $4,300,000. Dragoneer Investment Group LLC purchased a new stake in Waystar during the second quarter valued at about $4,300,000. TPG GP A LLC acquired a new stake in Waystar during the second quarter worth about $85,910,000. Finally, Sandia Investment Management LP acquired a new position in shares of Waystar in the 2nd quarter valued at about $860,000.

Waystar Company Profile

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