Waystar (NASDAQ:WAY - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03, Briefing.com reports. The business had revenue of $240.10 million for the quarter, compared to the consensus estimate of $223.82 million. Waystar's revenue was up 21.7% on a year-over-year basis. Waystar updated its FY24 guidance to $0.30-$0.32 EPS and its FY 2024 guidance to 0.300-0.320 EPS.
Waystar Stock Down 0.2 %
Shares of NASDAQ WAY traded down $0.07 during mid-day trading on Friday, reaching $31.62. 2,218,007 shares of the company's stock traded hands, compared to its average volume of 879,283. The business has a 50-day moving average of $27.65. Waystar has a 1-year low of $20.26 and a 1-year high of $33.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.15 and a quick ratio of 2.15.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Evercore ISI increased their price target on shares of Waystar from $32.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday. Bank of America increased their price target on shares of Waystar from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. Canaccord Genuity Group increased their price objective on shares of Waystar from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Waystar from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Waystar from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday, August 19th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, Waystar currently has a consensus rating of "Buy" and a consensus target price of $31.90.
View Our Latest Analysis on Waystar
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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