Raymond James upgraded shares of Waystar (NASDAQ:WAY - Free Report) from an outperform rating to a strong-buy rating in a research report sent to investors on Friday, Marketbeat Ratings reports. They currently have $40.00 price target on the stock.
Several other equities analysts also recently commented on WAY. The Goldman Sachs Group increased their price target on Waystar from $34.00 to $39.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their target price 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. Evercore ISI lifted their price objective on Waystar from $32.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Canaccord Genuity Group raised their target price on Waystar from $30.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Waystar from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Monday, August 19th. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $32.90.
Check Out Our Latest Analysis on WAY
Waystar Stock Up 0.4 %
NASDAQ:WAY traded up $0.11 during trading hours on Friday, hitting $31.25. 2,443,088 shares of the company's stock traded hands, compared to its average volume of 881,216. The stock has a fifty day moving average price of $28.40. Waystar has a twelve month low of $20.26 and a twelve month high of $33.25. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40.
Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million for the quarter, compared to analysts' expectations of $223.82 million. The firm's revenue was up 21.7% on a year-over-year basis. On average, sell-side analysts forecast that Waystar will post 0.01 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Amalgamated Bank acquired a new stake in shares of Waystar during the third quarter worth about $41,000. Smithfield Trust Co bought a new position in Waystar in the third quarter valued at approximately $68,000. RiverPark Advisors LLC acquired a new position in shares of Waystar in the third quarter valued at approximately $78,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Waystar during the second quarter worth $145,000. Finally, Stifel Financial Corp bought a new stake in Waystar in the 3rd quarter valued at $204,000.
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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