Waystar Holding Corp. (NASDAQ:WAY) Given Average Recommendation of "Buy" by Analysts

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) has been assigned an average recommendation of "Buy" from the eleven research firms that are currently covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $32.90.

Several equities analysts have recently weighed in on WAY shares. Canaccord Genuity Group upped their price objective on shares of Waystar from $30.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Bank of America raised their price objective on Waystar from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Monday, October 14th. Raymond James raised Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 target price on the stock in a research report on Friday, November 22nd. The Goldman Sachs Group lifted their price target on shares of Waystar from $34.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price objective on Waystar from $31.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th.

Waystar Price Performance

NASDAQ WAY traded up $0.83 during mid-day trading on Tuesday, reaching $37.76. 527,118 shares of the stock were exchanged, compared to its average volume of 963,781. 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 has a 50 day moving average of $30.73. Waystar has a one year low of $20.26 and a one year high of $37.82.

Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.03. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $223.82 million. Waystar's revenue for the quarter was up 21.7% on a year-over-year basis. On average, sell-side analysts forecast that Waystar will post 0.03 EPS for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Waystar

Several hedge funds have recently bought and sold shares of WAY. Amalgamated Bank purchased a new position in Waystar during the third quarter worth about $41,000. Smithfield Trust Co bought a new stake in shares of Waystar during the 3rd quarter valued at about $68,000. RiverPark Advisors LLC purchased a new position in shares of Waystar during the third quarter worth about $78,000. Cubist Systematic Strategies LLC bought a new position in shares of Waystar in the second quarter worth approximately $145,000. Finally, Stifel Financial Corp bought a new position in shares of Waystar in the third quarter worth approximately $204,000.

Waystar Company Profile

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