Waystar (NASDAQ:WAY) Earns Buy Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Waystar (NASDAQ:WAY) in a research note published on Tuesday, Marketbeat reports. The firm issued a buy rating and a $51.00 price objective on the stock.

A number of other analysts also recently weighed in on the company. Canaccord Genuity Group increased 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. Bank of America raised their price objective on Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada upped their target price on Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Raymond James upgraded shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target for the company in a report on Friday, November 22nd. Finally, Evercore ISI boosted their price target on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $36.55.

Waystar Stock Up 2.5 %

WAY opened at $42.48 on Tuesday. 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 has a fifty-two week low of $20.26 and a fifty-two week high of $42.56. The company’s 50 day moving average price is $37.01 and its two-hundred day moving average price is $30.77.

Insiders Place Their Bets

In other news, CFO Steven M. Oreskovich sold 16,666 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $33.89, for a total value of $564,810.74. Following the completion of the sale, the chief financial officer now directly owns 173,642 shares in the company, valued at $5,884,727.38. This trade represents a 8.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WAY. Global Retirement Partners LLC acquired a new position in shares of Waystar during the fourth quarter valued at about $25,000. Amalgamated Bank bought a new position in Waystar in the 3rd quarter valued at about $41,000. Smithfield Trust Co acquired a new position in Waystar during the 3rd quarter valued at about $68,000. RiverPark Advisors LLC bought a new stake in Waystar during the 3rd quarter worth approximately $78,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Waystar during the 2nd quarter worth approximately $145,000.

Waystar Company Profile

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