Research analysts at Truist Financial started coverage on shares of Waystar (NASDAQ:WAY - Get Free Report) in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm set a "buy" rating and a $45.00 price target on the stock. Truist Financial's price target indicates a potential upside of 21.89% from the stock's previous close.
A number of other equities research analysts have also recently weighed in on the stock. Bank of America lifted their price objective on shares of Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a research note on Monday, January 6th. The Goldman Sachs Group lifted their price objective on shares of Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Barclays lifted their price objective on shares of Waystar from $42.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Raymond James upgraded shares of Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 price objective on the stock in a research note on Friday, November 22nd. Finally, Jefferies Financial Group started coverage on shares of Waystar in a research note on Tuesday, February 11th. They set a "buy" rating and a $51.00 price objective on the stock. Twelve research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $40.75.
Check Out Our Latest Stock Report on Waystar
Waystar Stock Up 1.0 %
WAY stock traded up $0.37 during mid-day trading on Friday, reaching $36.92. The company had a trading volume of 1,331,270 shares, compared to its average volume of 1,310,222. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. Waystar has a one year low of $20.26 and a one year high of $48.11. The stock's 50-day simple moving average is $40.11 and its two-hundred day simple moving average is $33.69.
Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.11. The company had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. On average, sell-side analysts predict that Waystar will post 0.39 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $42.15, for a total value of $143,310.00. Following the transaction, the chief marketing officer now owns 43,478 shares of the company's stock, valued at approximately $1,832,597.70. This trade represents a 7.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of Waystar stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $40.00, for a total value of $300,686,720.00. Following the completion of the transaction, the insider now directly owns 29,692,286 shares in the company, valued at $1,187,691,440. This represents a 20.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,356,171 shares of company stock valued at $526,733,651.
Institutional Investors Weigh In On Waystar
Institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in Waystar in the 4th quarter worth approximately $25,000. Amalgamated Bank acquired a new stake in Waystar in the 3rd quarter worth approximately $41,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Waystar in the 4th quarter worth approximately $48,000. Smithfield Trust Co acquired a new stake in Waystar in the 3rd quarter worth approximately $68,000. Finally, RiverPark Advisors LLC acquired a new stake in Waystar in the 3rd quarter worth approximately $78,000.
Waystar Company Profile
(
Get Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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