Waystar (NASDAQ:WAY) Price Target Raised to $44.00 at The Goldman Sachs Group

Waystar (NASDAQ:WAY - Free Report) had its price target raised by The Goldman Sachs Group from $39.00 to $44.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

WAY has been the subject of several other research reports. Raymond James raised shares of Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 price objective for the company in a research note on Friday, November 22nd. Evercore ISI lifted their target price on Waystar from $32.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Canaccord Genuity Group upped their price target on shares of Waystar from $36.00 to $42.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Royal Bank of Canada lifted their price objective on shares of Waystar from $31.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Bank of America upped their target price on shares of Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $35.10.

Waystar Stock Up 1.1 %

WAY traded up $0.41 on Tuesday, hitting $37.36. 1,204,134 shares of the company's stock traded hands, compared to its average volume of 1,042,529. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40. The company's 50 day simple moving average is $33.71 and its 200-day simple moving average is $28.46. Waystar has a one year low of $20.26 and a one year high of $38.35.

Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million for the quarter, compared to the consensus estimate of $223.82 million. The company's quarterly revenue was up 21.7% on a year-over-year basis. On average, equities analysts expect that Waystar will post 0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Steven M. Oreskovich sold 16,666 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $33.89, for a total transaction of $564,810.74. Following the completion of the sale, the chief financial officer now owns 173,642 shares of the company's stock, valued at $5,884,727.38. This represents a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Hedge Funds Weigh In On Waystar

Large investors have recently made changes to their positions in the business. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Waystar in the 4th quarter valued at approximately $1,905,000. JPMorgan Chase & Co. raised its holdings in shares of Waystar by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company's stock worth $37,531,000 after buying an additional 96,552 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Waystar by 697.5% during the third quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company's stock worth $30,724,000 after buying an additional 963,316 shares during the period. M&T Bank Corp grew its holdings in shares of Waystar by 116.6% during the third quarter. M&T Bank Corp now owns 63,746 shares of the company's stock valued at $1,778,000 after buying an additional 34,316 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Waystar by 701.7% in the 3rd quarter. Barclays PLC now owns 64,934 shares of the company's stock valued at $1,811,000 after acquiring an additional 56,834 shares during the period.

About Waystar

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