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

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) has received a consensus rating of "Buy" from the thirteen analysts that are covering the firm, MarketBeat reports. Twelve analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $40.33.

Several analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Bank of America boosted their price target 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. Jefferies Financial Group initiated coverage on Waystar in a report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price objective on the stock. Truist Financial began coverage on Waystar in a research note on Friday, March 14th. They set a "buy" rating and a $45.00 target price for the company. Finally, Barclays dropped their price objective on Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th.

Waystar Trading Down 0.7 %

Shares of NASDAQ:WAY opened at $37.02 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. The firm has a 50 day simple moving average of $38.17 and a 200-day simple moving average of $35.77. Waystar has a twelve month low of $20.26 and a twelve month high of $48.11.

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

Insider Buying and Selling at Waystar

In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $42.15, for a total transaction of $143,310.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Matthew J. Hawkins sold 46,667 shares of the company's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $36.36, for a total value of $1,696,812.12. Following the completion of the sale, the chief executive officer now owns 500,000 shares in the company, valued at $18,180,000. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,411,461 shares of company stock worth $528,743,995.

Institutional Investors Weigh In On Waystar

Hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in Waystar during the fourth quarter worth approximately $25,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Waystar during the fourth quarter worth $48,000. Gen Wealth Partners Inc purchased a new stake in shares of Waystar in the fourth quarter valued at $92,000. Amalgamated Bank increased its stake in Waystar by 84.1% in the first quarter. Amalgamated Bank now owns 2,716 shares of the company's stock valued at $101,000 after purchasing an additional 1,241 shares during the last quarter. Finally, KBC Group NV purchased a new position in Waystar during the first quarter worth about $109,000.

Waystar Company Profile

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

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