TD Asset Management Inc Invests $1.63 Million in Waystar Holding Corp. (NASDAQ:WAY)

TD Asset Management Inc bought a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 75,946 shares of the company's stock, valued at approximately $1,633,000.

Separately, Peregrine Capital Management LLC acquired a new stake in shares of Waystar in the second quarter valued at about $9,010,000.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WAY shares. Royal Bank of Canada upped their price objective on shares of Waystar from $27.00 to $31.00 and gave the company an "outperform" rating in a research note on Friday, September 6th. Barclays initiated coverage on Waystar in a research report on Tuesday, July 2nd. They issued an "overweight" rating and a $24.00 price objective for the company. William Blair started coverage on Waystar in a research report on Tuesday, July 2nd. They set an "outperform" rating on the stock. Bank of America began coverage on Waystar in a report on Tuesday, July 2nd. They issued a "buy" rating and a $27.00 target price for the company. Finally, Evercore ISI boosted their price target on Waystar from $25.00 to $27.00 and gave the company an "outperform" rating in a research note on Thursday, August 8th. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $28.90.

Waystar Stock Performance

WAY stock traded up $0.44 during mid-day trading on Friday, hitting $26.83. The company had a trading volume of 511,862 shares, compared to its average volume of 391,237. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $28.57. The firm's fifty day moving average is $24.38.

Waystar (NASDAQ:WAY - Get Free Report) last announced 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 business's revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.07) EPS. Analysts forecast that Waystar Holding Corp. will post -0.08 earnings per share 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.