Waystar (NASDAQ:WAY – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03, Briefing.com reports. The firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $223.82 million. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. Waystar updated its FY24 guidance to $0.30-$0.32 EPS and its FY 2024 guidance to 0.300-0.320 EPS.
Waystar Stock Down 0.2 %
Shares of NASDAQ WAY traded down $0.07 during mid-day trading on Friday, hitting $31.62. The stock had a trading volume of 2,218,007 shares, compared to its average volume of 879,283. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.46. Waystar has a 1 year low of $20.26 and a 1 year high of $33.25. The business’s 50 day moving average price is $27.57.
Analyst Upgrades and Downgrades
WAY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, August 19th. Bank of America lifted their target price on shares of Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Evercore ISI boosted their price objective on Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Waystar from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Canaccord Genuity Group upped their target price on shares of Waystar from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Waystar presently has an average rating of “Buy” and an average target price of $31.90.
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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