Waystar (NASDAQ:WAY) Now Covered by Truist Financial

Stock analysts at Truist Financial assumed coverage on shares of Waystar (NASDAQ:WAY - Get Free Report) in a report released on Friday, MarketBeat.com reports. The firm set a "buy" rating and a $45.00 price target on the stock. Truist Financial's price target would suggest a potential upside of 23.12% from the stock's previous close.

WAY has been the subject of several other research reports. Canaccord Genuity Group upped their price target on shares of Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Barclays increased their price target on Waystar from $42.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Jefferies Financial Group initiated coverage on Waystar in a research note on Tuesday, February 11th. They set a "buy" rating and a $51.00 price target on the stock. Bank of America raised their price objective on Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group raised their price objective on Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Twelve analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $40.75.

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Waystar Stock Up 0.2 %

Shares of NASDAQ:WAY traded up $0.08 during midday trading on Friday, reaching $36.55. The company had a trading volume of 1,464,655 shares, compared to its average volume of 1,310,113. The company's 50 day moving average price is $40.11 and its 200 day moving average price is $33.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29. Waystar has a 52-week low of $20.26 and a 52-week high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.11. The firm had revenue of $244.10 million during the quarter, compared to analysts' expectations of $232.29 million. On average, equities analysts expect that Waystar will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In other news, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction on Friday, February 21st. The shares were sold at an average price of $42.15, for a total value of $143,310.00. Following the transaction, the chief marketing officer now directly owns 43,478 shares of the company's stock, valued at $1,832,597.70. The trade was a 7.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider T. Craig Bridge sold 182,914 shares of Waystar stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $42.15, for a total transaction of $7,709,825.10. Following the completion of the transaction, the insider now directly owns 519,658 shares in the company, valued at $21,903,584.70. The trade was a 26.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,356,171 shares of company stock worth $526,733,651 over the last 90 days.

Hedge Funds Weigh In On Waystar

Several institutional investors have recently bought and sold shares of WAY. Norges Bank acquired a new position in Waystar in the 4th quarter valued at $119,387,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Waystar during the 4th quarter worth $56,804,000. Farallon Capital Management LLC acquired a new position in shares of Waystar during the 4th quarter worth $49,251,000. Vanguard Group Inc. grew its stake in shares of Waystar by 26.8% during the 4th quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company's stock worth $183,182,000 after purchasing an additional 1,054,180 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Waystar by 697.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company's stock worth $30,724,000 after purchasing an additional 963,316 shares during the period.

Waystar Company Profile

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