Waystar Holding Corp. (NASDAQ:WAY) Receives Consensus Rating of "Buy" from Analysts

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) has been assigned an average rating of "Buy" from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $35.10.

A number of equities research analysts recently commented on the company. Bank of America upped their target price on Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Evercore ISI boosted their price target on Waystar from $32.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price target on Waystar from $31.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Canaccord Genuity Group boosted their price target on Waystar from $36.00 to $42.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Finally, Raymond James raised Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 price target for the company in a report on Friday, November 22nd.

Waystar Price Performance

NASDAQ WAY traded up $0.11 during trading hours on Friday, reaching $37.47. The stock had a trading volume of 919,622 shares, compared to its average volume of 1,072,778. The stock has a fifty day moving average of $34.10 and a 200 day moving average of $28.65. Waystar has a 52-week low of $20.26 and a 52-week high of $38.35. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29.

Waystar (NASDAQ:WAY - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $223.82 million. The company's quarterly revenue was up 21.7% compared to the same quarter last year. Research analysts forecast that Waystar will post 0.03 earnings per share for the current year.

Insider Transactions at Waystar

In related news, CFO Steven M. Oreskovich sold 16,666 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $33.89, for a total value of $564,810.74. Following the completion of the transaction, the chief financial officer now directly owns 173,642 shares of the company's stock, valued at approximately $5,884,727.38. This represents a 8.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new stake in Waystar in the 2nd quarter valued at $430,000. Canada Pension Plan Investment Board purchased a new stake in Waystar in the 2nd quarter valued at $800,003,000. Sei Investments Co. purchased a new stake in Waystar in the 2nd quarter valued at $1,435,000. Magnetar Financial LLC purchased a new stake in Waystar in the 2nd quarter valued at $2,495,000. Finally, Davidson Kempner Capital Management LP purchased a new stake in Waystar in the 2nd quarter valued at $4,300,000.

About Waystar

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