Evercore ISI Increases Waystar (NASDAQ:WAY) Price Target to $27.00

Waystar (NASDAQ:WAY) had its target price upped by Evercore ISI from $25.00 to $27.00 in a report issued on Thursday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Several other equities analysts also recently commented on WAY. Deutsche Bank Aktiengesellschaft started coverage on Waystar in a research report on Tuesday, July 2nd. They issued a buy rating and a $27.00 price objective on the stock. William Blair initiated coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued an outperform rating on the stock. Barclays initiated coverage on Waystar in a research note on Tuesday, July 2nd. They set an overweight rating and a $24.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued an overweight rating and a $24.00 price objective for the company. Finally, Canaccord Genuity Group initiated coverage on shares of Waystar in a research report on Tuesday, July 2nd. They set a buy rating and a $30.00 target price on the stock. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of $27.80.

Waystar Price Performance

WAY stock opened at $24.49 on Thursday. Waystar has a fifty-two week low of $20.26 and a fifty-two week high of $24.53.

Waystar (NASDAQ:WAY) last released its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $234.50 million for the quarter, compared to analysts’ expectations of $216.25 million. During the same quarter last year, the firm posted ($0.07) earnings per share. Waystar’s revenue for the quarter was up 19.6% on a year-over-year basis. Sell-side analysts anticipate that Waystar will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of Waystar

Hedge funds and other institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. purchased a new stake in Waystar in the second quarter valued at about $430,000. American Century Companies Inc. acquired a new stake in Waystar in the 2nd quarter worth approximately $28,357,000. TD Asset Management Inc purchased a new stake in Waystar during the 2nd quarter worth approximately $1,633,000. Finally, Peregrine Capital Management LLC acquired a new position in Waystar during the 2nd quarter valued at approximately $9,010,000.

About Waystar

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