Waystar Holding Corp. (NASDAQ:WAY) Receives Consensus Rating of “Buy” from Analysts

Shares of Waystar Holding Corp. (NASDAQ:WAY) have earned a consensus rating of “Buy” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $32.90.

A number of research analysts have recently issued reports on the company. Royal Bank of Canada increased their price objective on Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target on the stock in a report on Friday, November 22nd. Evercore ISI boosted their price objective on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. 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. Finally, Canaccord Genuity Group increased their price target on Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

Insiders Place Their Bets

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of the company’s 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 transaction, the chief financial officer now directly owns 173,642 shares in the company, valued at $5,884,727.38. This represents a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Amalgamated Bank bought a new stake in Waystar during the third quarter valued at about $41,000. Smithfield Trust Co purchased a new stake in shares of Waystar during the third quarter worth about $68,000. RiverPark Advisors LLC bought a new stake in Waystar during the 3rd quarter valued at approximately $78,000. Cubist Systematic Strategies LLC purchased a new position in Waystar in the 2nd quarter worth approximately $145,000. Finally, Stifel Financial Corp bought a new position in Waystar in the 3rd quarter worth approximately $204,000.

Waystar Trading Down 2.3 %

Shares of Waystar stock opened at $37.06 on Tuesday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar has a 1 year low of $20.26 and a 1 year high of $38.35. The stock has a 50-day moving average price of $31.54.

Waystar (NASDAQ:WAY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $223.82 million. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. Equities analysts expect that Waystar will post 0.03 EPS for the current year.

Waystar Company Profile

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