Waystar (NASDAQ:WAY) Issues FY24 Earnings Guidance

Waystar (NASDAQ:WAY) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.23-0.27 for the period, compared to the consensus estimate of $0.20. The company issued revenue guidance of $902-918 million, compared to the consensus revenue estimate of $883.61 million.

Waystar Stock Down 1.4 %

NASDAQ:WAY traded down $0.31 on Wednesday, hitting $21.58. 688,811 shares of the company’s stock traded hands, compared to its average volume of 1,015,503. Waystar has a 1 year low of $20.26 and a 1 year high of $24.12.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued a buy rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. started coverage on Waystar in a report on Tuesday, July 2nd. They set an overweight rating and a $24.00 price objective for the company. Raymond James started coverage on Waystar in a research note on Tuesday, July 2nd. They issued an outperform rating and a $30.00 target price on the stock. Barclays began coverage on Waystar in a research note on Tuesday, July 2nd. They set an overweight rating and a $24.00 price target for the company. Finally, Evercore ISI initiated coverage on Waystar in a research note on Tuesday, July 2nd. They issued an outperform rating and a $25.00 price target for the company. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of Buy and a consensus price target of $27.60.

About Waystar

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