Brokerages Set Waystar Holding Corp. (NASDAQ:WAY) Target Price at $32.90

Shares of Waystar Holding Corp. (NASDAQ:WAY) have earned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $32.90.

Several research firms recently commented on WAY. Canaccord Genuity Group increased their price objective on Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised their price target on shares of Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, August 19th. The Goldman Sachs Group upped their price objective on shares of Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Waystar from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, Raymond James upgraded Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target for the company in a research report on Friday, November 22nd.

Waystar Trading Up 0.9 %

Shares of NASDAQ WAY opened at $30.88 on Friday. Waystar has a 52-week low of $20.26 and a 52-week high of $33.25. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average of $28.86.

Waystar (NASDAQ:WAY) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $223.82 million. The company’s quarterly revenue was up 21.7% on a year-over-year basis. Equities analysts expect that Waystar will post 0.03 EPS for the current fiscal year.

Hedge Funds Weigh In On Waystar

Hedge funds have recently modified their holdings of the business. Amalgamated Bank purchased a new position in shares of Waystar during the third quarter worth $41,000. Smithfield Trust Co acquired a new stake in shares of Waystar during the third quarter worth about $68,000. RiverPark Advisors LLC purchased a new position in shares of Waystar in the third quarter valued at approximately $78,000. Cubist Systematic Strategies LLC acquired a new position in shares of Waystar in the second quarter valued at approximately $145,000. Finally, Stifel Financial Corp purchased a new stake in Waystar during the 3rd quarter worth approximately $204,000.

Waystar Company Profile

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