Waystar (NASDAQ:WAY) Stock Price Expected to Rise, Bank of America Analyst Says

Waystar (NASDAQ:WAY) had its price target raised by Bank of America from $36.00 to $43.00 in a report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

WAY has been the subject of a number of other research reports. Evercore ISI increased their price target on Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research 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 target price for the company in a report on Friday, November 22nd. The Goldman Sachs Group lifted their target price on shares of Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their price target on shares of Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Canaccord Genuity Group lifted their price objective on shares of Waystar from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $34.60.

Waystar Trading Up 1.4 %

NASDAQ WAY opened at $37.50 on Monday. Waystar has a 12 month low of $20.26 and a 12 month high of $38.35. The stock has a 50 day simple moving average of $32.65. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29.

Waystar (NASDAQ:WAY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $223.82 million. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Waystar will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of Waystar stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 173,642 shares in the company, valued at $5,884,727.38. The trade was a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

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

Waystar Company Profile

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