Waystar Holding Corp. (NASDAQ:WAY - Get Free Report)'s share price gapped up before the market opened on Thursday after Canaccord Genuity Group raised their price target on the stock from $30.00 to $36.00. The stock had previously closed at $29.44, but opened at $31.52. Canaccord Genuity Group currently has a buy rating on the stock. Waystar shares last traded at $31.61, with a volume of 904,023 shares changing hands.
A number of other brokerages have also recently issued reports on WAY. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Waystar from $27.00 to $31.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Bank of America upped their price objective on Waystar from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Monday, October 14th. The Goldman Sachs Group raised their price target on Waystar from $34.00 to $39.00 and gave the stock a "buy" rating in a research note on Thursday. Evercore ISI raised 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. Finally, Royal Bank of Canada boosted their price objective on shares of Waystar from $31.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $31.90.
Read Our Latest Report on Waystar
Institutional Trading of Waystar
A number of institutional investors and hedge funds have recently bought and sold shares of WAY. Ghisallo Capital Management LLC acquired a new stake in Waystar in the second quarter valued at $12,900,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Waystar during the second quarter worth about $27,950,000. Sculptor Capital LP purchased a new position in shares of Waystar in the 2nd quarter valued at approximately $791,000. Point72 DIFC Ltd acquired a new position in Waystar in the 2nd quarter valued at $3,935,000. Finally, American Century Companies Inc. purchased a new position in Waystar during the second quarter worth about $28,357,000.
Waystar Price Performance
The business's 50-day moving average price is $27.47. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46.
Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $234.50 million during the quarter, compared to analyst estimates of $216.25 million. During the same quarter last year, the business earned ($0.07) EPS. The firm's revenue for the quarter was up 19.6% on a year-over-year basis. Equities analysts forecast that Waystar Holding Corp. will post -0.08 EPS for the current year.
About Waystar
(
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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