Waystar (NASDAQ:WAY – Get Free Report) released its earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05, Briefing.com reports. The business had revenue of $234.50 million for the quarter, compared to analysts’ expectations of $216.25 million. During the same quarter last year, the company posted ($0.07) earnings per share. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. Waystar updated its FY24 guidance to $0.23-0.27 EPS and its FY 2024 guidance to 0.230-0.270 EPS.
Waystar Price Performance
Waystar stock traded up $0.65 during midday trading on Friday, hitting $24.49. The stock had a trading volume of 549,180 shares, compared to its average volume of 1,016,637. Waystar has a 12 month low of $20.26 and a 12 month high of $24.53.
Analyst Ratings Changes
WAY has been the topic of several research reports. Raymond James started coverage on Waystar in a research report on Tuesday, July 2nd. They issued an “outperform” rating and a $30.00 target price on the stock. Canaccord Genuity Group began coverage on Waystar in a report on Tuesday, July 2nd. They set a “buy” rating and a $30.00 target price for the company. Canaccord Genuity Group initiated coverage on shares of Waystar in a report on Tuesday, July 2nd. They issued a “buy” rating and a $30.00 price target on the stock. The Goldman Sachs Group started coverage on shares of Waystar in a research report on Tuesday, July 2nd. They set a “buy” rating and a $32.00 price target on the stock. Finally, Evercore ISI increased their price objective on shares of Waystar from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Waystar has an average rating of “Buy” and an average target price of $27.80.
About Waystar
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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