Waystar (NASDAQ:WAY – Get Free Report) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from $24.00 to $27.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 1.62% from the stock’s current price.
Several other equities analysts have also recently commented on the stock. Barclays assumed coverage on shares of Waystar in a research report on Tuesday, July 2nd. They issued an “overweight” rating and a $24.00 price target for the company. Canaccord Genuity Group assumed coverage on Waystar in a report on Tuesday, July 2nd. They issued a “buy” rating and a $30.00 target price for the company. Raymond James initiated coverage on Waystar in a report on Tuesday, July 2nd. They set an “outperform” rating and a $30.00 price target on the stock. The Goldman Sachs Group started coverage on Waystar in a research note on Tuesday, July 2nd. They issued a “buy” rating and a $32.00 price objective for the company. Finally, Canaccord Genuity Group started coverage on shares of Waystar in a research note 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, According to MarketBeat.com, Waystar currently has a consensus rating of “Buy” and an average target price of $28.50.
Check Out Our Latest Research Report on Waystar
Waystar Stock Performance
Waystar (NASDAQ:WAY – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, topping 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. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period last year, the business earned ($0.07) EPS. On average, equities research analysts anticipate that Waystar will post -0.01 EPS for the current year.
Institutional Investors Weigh In On Waystar
A number of institutional investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. purchased a new stake in shares of Waystar during the 2nd quarter worth $813,000. Scientech Research LLC acquired a new stake in shares of Waystar in the second quarter valued at about $289,000. Sculptor Capital LP purchased a new stake in Waystar during the second quarter worth about $791,000. Millennium Management LLC acquired a new position in Waystar during the second quarter worth about $8,171,000. Finally, Deerfield Management Company L.P. Series C purchased a new position in Waystar in the second quarter valued at about $106,468,000.
About Waystar
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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