Waystar Holding Corp. (NASDAQ:WAY) Receives $35.10 Average Price Target from Brokerages

Waystar Holding Corp. (NASDAQ:WAY) has earned an average recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Ten investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $35.10.

Several research analysts have commented on the stock. Evercore ISI upped their price objective on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Bank of America increased their price target on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group lifted their price objective 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 raised their target price on Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Raymond James raised Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target on the stock in a research note on Friday, November 22nd.

Insider Buying and Selling at Waystar

In other news, CFO Steven M. Oreskovich sold 16,666 shares of the 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 transaction, the chief financial officer now owns 173,642 shares in the company, valued at $5,884,727.38. This represents a 8.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WAY. Dakota Wealth Management bought a new position in shares of Waystar during the 4th quarter valued at approximately $264,000. Perpetual Ltd bought a new stake in shares of Waystar during the 4th quarter valued at $558,000. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Waystar during the 4th quarter valued at $1,905,000. JPMorgan Chase & Co. boosted its holdings in Waystar by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company’s stock worth $37,531,000 after buying an additional 96,552 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Waystar by 697.5% during the third quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company’s stock valued at $30,724,000 after acquiring an additional 963,316 shares during the period.

Waystar Stock Up 0.3 %

Shares of NASDAQ:WAY opened at $37.47 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar has a 12 month low of $20.26 and a 12 month high of $38.35. The company has a 50-day moving average price of $34.10 and a 200-day moving average price of $28.75.

Waystar (NASDAQ:WAY) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $240.10 million during 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 research analysts expect that Waystar will post 0.03 earnings per share for the current year.

About Waystar

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