Waystar Holding Corp. (NASDAQ:WAY) Receives Average Rating of "Buy" from Brokerages

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) has earned an average recommendation of "Buy" from the eleven ratings firms that are covering the firm, MarketBeat reports. Eleven research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $29.90.

Several equities research analysts have commented on WAY shares. 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 note on Monday, August 19th. Bank of America increased their price objective on shares of Waystar from $27.00 to $32.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Royal Bank of Canada boosted their target price on shares of Waystar from $27.00 to $31.00 and gave the stock an "outperform" rating in a report on Friday, September 6th. Deutsche Bank Aktiengesellschaft raised their price objective on Waystar from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Finally, Evercore ISI lifted their target price on shares of Waystar from $27.00 to $32.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th.

Institutional Investors Weigh In On Waystar

A number of hedge funds have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board purchased a new position in shares of Waystar in the second quarter valued at $800,003,000. Deerfield Management Company L.P. Series C bought a new stake in shares of Waystar in the 2nd quarter valued at about $106,468,000. TPG GP A LLC purchased a new position in shares of Waystar in the 2nd quarter valued at $85,910,000. American Century Companies Inc. purchased a new stake in shares of Waystar during the second quarter valued at about $28,357,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Waystar in the 2nd quarter worth $27,950,000.

Waystar Trading Down 0.4 %

Shares of NASDAQ WAY traded down $0.12 during mid-day trading on Monday, hitting $28.65. 887,236 shares of the company traded hands, compared to its average volume of 830,223. The business's 50 day moving average is $27.32. 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 has a 1 year low of $20.26 and a 1 year high of $29.41.

Waystar (NASDAQ:WAY - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. The firm had revenue of $234.50 million during the quarter, compared to the consensus estimate of $216.25 million. During the same quarter last year, the business earned ($0.07) EPS. The business's revenue was up 19.6% compared to the same quarter last year. Sell-side analysts predict that Waystar will post -0.08 EPS for the current year.

About Waystar

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