Waystar Holding Corp. (NASDAQ:WAY) Receives Consensus Rating of “Buy” from Analysts

Shares of Waystar Holding Corp. (NASDAQ:WAY) have been assigned an average recommendation of “Buy” from the eleven research firms that are currently covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $35.10.

A number of analysts have issued reports on the company. Canaccord Genuity Group raised their target price on Waystar from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Royal Bank of Canada boosted their target price on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Bank of America lifted their price target on Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Raymond James raised Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target for the company in a research note on Friday, November 22nd. Finally, Evercore ISI boosted their target price on Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Insider Activity

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of Waystar stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $33.89, for a total value of $564,810.74. Following the transaction, the chief financial officer now directly owns 173,642 shares of the company’s stock, valued at approximately $5,884,727.38. The trade was a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank purchased a new position in Waystar in the 3rd quarter valued at about $41,000. Smithfield Trust Co acquired a new stake in Waystar in the 3rd quarter valued at approximately $68,000. RiverPark Advisors LLC acquired a new stake in Waystar in the 3rd quarter valued at approximately $78,000. Cubist Systematic Strategies LLC purchased a new position in Waystar in the 2nd quarter valued at approximately $145,000. Finally, Dakota Wealth Management purchased a new position in Waystar in the 4th quarter valued at approximately $264,000.

Waystar Trading Up 0.2 %

Shares of WAY stock opened at $38.17 on Friday. The stock has a 50-day moving average of $34.37 and a 200-day moving average of $28.98. Waystar has a 1-year low of $20.26 and a 1-year high of $38.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $223.82 million. Waystar’s revenue was up 21.7% compared to the same quarter last year. As a group, analysts expect that Waystar will post 0.03 earnings per share for the current year.

About Waystar

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