Waystar (NASDAQ:WAY – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05, Briefing.com reports. The company had revenue of $234.50 million for the quarter, compared to analyst estimates of $216.25 million. During the same period in the prior year, the firm 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 Stock Performance
Shares of Waystar stock traded up $0.65 during trading hours on Friday, hitting $24.49. 549,180 shares of the company were exchanged, compared to its average volume of 1,016,637. Waystar has a 1 year low of $20.26 and a 1 year high of $24.53.
Analyst Upgrades and Downgrades
WAY has been the subject of a number of analyst reports. Evercore ISI boosted their price objective on Waystar from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday. William Blair assumed coverage on Waystar in a report on Tuesday, July 2nd. They issued an “outperform” rating for the company. Canaccord Genuity Group assumed coverage on Waystar in a report on Tuesday, July 2nd. They issued a “buy” rating and a $30.00 price target for the company. Deutsche Bank Aktiengesellschaft assumed coverage on Waystar in a report on Tuesday, July 2nd. They issued a “buy” rating and a $27.00 price target for the company. Finally, Canaccord Genuity Group began coverage on Waystar in a report on Tuesday, July 2nd. They issued a “buy” rating and a $30.00 price target for the company. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $27.80.
Waystar Company Profile
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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