Waystar’s (NASDAQ:WAY – Get Free Report) quiet period is set to expire on Wednesday, July 17th. Waystar had issued 45,000,000 shares in its public offering on June 7th. The total size of the offering was $967,500,000 based on an initial share price of $21.50. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Wall Street Analysts Forecast Growth
WAY has been the subject of several analyst reports. Canaccord Genuity Group assumed coverage on shares of Waystar in a report on Tuesday, July 2nd. They issued a “buy” rating and a $30.00 target price for the company. Raymond James assumed coverage on Waystar in a research report on Tuesday, July 2nd. They set an “outperform” rating and a $30.00 price target for the company. JPMorgan Chase & Co. began coverage on Waystar in a research report on Tuesday, July 2nd. They issued an “overweight” rating and a $24.00 price objective on the stock. William Blair initiated coverage on Waystar in a research report on Tuesday, July 2nd. They set an “outperform” rating for the company. Finally, The Goldman Sachs Group began coverage on shares of Waystar in a report on Tuesday, July 2nd. They issued a “buy” rating and a $32.00 price target on the stock. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $27.60.
View Our Latest Analysis on WAY
Waystar Stock Up 2.9 %
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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