Waystar (NASDAQ:WAY - Get Free Report) had its price target increased by stock analysts at Evercore ISI from $32.00 to $36.00 in a report released on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Evercore ISI's price target indicates a potential upside of 13.60% from the stock's current price.
Other equities analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Waystar from $27.00 to $31.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Bank of America raised their price target on Waystar from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. JPMorgan Chase & Co. boosted their price objective on Waystar from $24.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, August 19th. Finally, Royal Bank of Canada raised their target price on shares of Waystar from $27.00 to $31.00 and gave the stock an "outperform" rating in a report on Friday, September 6th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $31.90.
View Our Latest Research Report on Waystar
Waystar Trading Up 7.7 %
NASDAQ WAY traded up $2.26 during trading hours on Thursday, hitting $31.69. The company's stock had a trading volume of 4,628,555 shares, compared to its average volume of 866,659. The stock has a fifty day moving average of $27.47. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.15 and a quick ratio of 2.15. Waystar has a twelve month low of $20.26 and a twelve month high of $33.25.
Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. The company had revenue of $234.50 million during the quarter, compared to the consensus estimate of $216.25 million. The firm's revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) earnings per share. On average, analysts predict that Waystar will post -0.08 EPS for the current year.
Institutional Trading of Waystar
Several institutional investors and hedge funds have recently bought and sold shares of WAY. Amalgamated Bank bought a new stake in Waystar during the third quarter worth $41,000. RiverPark Advisors LLC acquired a new stake in Waystar in the 3rd quarter valued at about $78,000. Cubist Systematic Strategies LLC bought a new position in Waystar during the second quarter worth about $145,000. Scientech Research LLC acquired a new position in Waystar during the second quarter worth approximately $289,000. Finally, Federated Hermes Inc. bought a new stake in Waystar in the second quarter valued at approximately $430,000.
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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