Waystar (NASDAQ:WAY) Sets New 52-Week High – Still a Buy?

Waystar Holding Corp. (NASDAQ:WAY)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $29.60 and last traded at $29.45, with a volume of 4738 shares trading hands. The stock had previously closed at $29.01.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price target on Waystar from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. increased their price target on shares of Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, August 19th. Royal Bank of Canada increased their target price on Waystar from $27.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Evercore ISI upped their price target on Waystar from $27.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Finally, Bank of America upped their target price on shares of Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $29.90.

Waystar Trading Up 1.5 %

The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 2.15. The company’s 50-day moving average is $27.41.

Waystar (NASDAQ:WAY) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. The business had revenue of $234.50 million during the quarter, compared to the consensus estimate of $216.25 million. During the same quarter in the previous year, the business posted ($0.07) earnings per share. Waystar’s quarterly revenue was up 19.6% compared to the same quarter last year. On average, research analysts forecast that Waystar Holding Corp. will post -0.08 EPS for the current fiscal year.

Institutional Trading of Waystar

A number of large investors have recently made changes to their positions in WAY. Ghisallo Capital Management LLC purchased a new stake in Waystar in the second quarter worth approximately $12,900,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Waystar in the 2nd quarter worth $27,950,000. Sculptor Capital LP bought a new stake in shares of Waystar in the second quarter worth $791,000. Point72 DIFC Ltd purchased a new stake in Waystar during the second quarter valued at $3,935,000. Finally, American Century Companies Inc. bought a new position in Waystar in the second quarter valued at about $28,357,000.

Waystar Company Profile

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