Waystar (NASDAQ:WAY) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Waystar (NASDAQ:WAY) in a report released on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a $51.00 target price on the stock.

Several other equities analysts also recently commented on WAY. The Goldman Sachs Group upped their target price on Waystar from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Canaccord Genuity Group upped their price objective on Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Evercore ISI lifted their target price on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price for the company in a research report on Friday, November 22nd. Finally, Bank of America raised their price target on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Waystar presently has a consensus rating of “Buy” and an average target price of $36.55.

Waystar Stock Performance

Shares of WAY stock opened at $42.48 on Tuesday. Waystar has a 52 week low of $20.26 and a 52 week high of $42.56. The company has a 50-day simple moving average of $37.01 and a 200 day simple moving average of $30.77. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40.

Insider Transactions at Waystar

In other news, CFO Steven M. Oreskovich sold 16,666 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $33.89, for a total transaction of $564,810.74. Following the completion of the transaction, the chief financial officer now 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WAY. Global Retirement Partners LLC acquired a new stake in shares of Waystar in the 4th quarter valued at approximately $25,000. Amalgamated Bank bought a new position in Waystar in the 3rd quarter valued at approximately $41,000. Smithfield Trust Co acquired a new stake in Waystar in the third quarter valued at approximately $68,000. RiverPark Advisors LLC bought a new stake in shares of Waystar during the third quarter worth $78,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Waystar during the second quarter worth $145,000.

Waystar Company Profile

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