Shares of Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) have earned a consensus rating of "Buy" from the eleven brokerages that are currently covering the company, Marketbeat reports. Eleven analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have covered the stock in the last year is $28.90.
A number of research firms recently issued reports on WAY. JPMorgan Chase & Co. raised their price target on Waystar from $24.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, August 19th. William Blair started coverage on Waystar in a report on Tuesday, July 2nd. They set an "outperform" rating for the company. The Goldman Sachs Group assumed coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued a "buy" rating and a $32.00 price objective on the stock. Canaccord Genuity Group initiated coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued a "buy" rating and a $30.00 target price for the company. Finally, Canaccord Genuity Group initiated coverage on shares of Waystar in a research note on Tuesday, July 2nd. They set a "buy" rating and a $30.00 price target on the stock.
Read Our Latest Research Report on Waystar
Waystar Trading Up 1.7 %
Shares of Waystar stock traded up $0.44 during trading on Friday, hitting $26.83. 511,862 shares of the stock were exchanged, compared to its average volume of 391,237. The business's 50-day simple moving average is $24.38. Waystar has a 12-month low of $20.26 and a 12-month high of $28.57.
Waystar (NASDAQ:WAY - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $234.50 million during the quarter, compared to analyst estimates of $216.25 million. During the same quarter in the previous year, the company posted ($0.07) EPS. The company's quarterly revenue was up 19.6% on a year-over-year basis. As a group, sell-side analysts forecast that Waystar will post -0.08 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Waystar
A number of institutional investors have recently added to or reduced their stakes in the company. Peregrine Capital Management LLC purchased a new stake in Waystar during the second quarter worth approximately $9,010,000. TD Asset Management Inc acquired a new position in shares of Waystar during the 2nd quarter valued at $1,633,000. American Century Companies Inc. purchased a new stake in Waystar during the 2nd quarter worth $28,357,000. Federated Hermes Inc. acquired a new stake in Waystar in the 2nd quarter valued at $430,000. Finally, Canada Pension Plan Investment Board purchased a new position in Waystar in the second quarter valued at about $800,003,000.
About Waystar
(
Get Free ReportWaystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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