Brokerages Set Waystar Holding Corp. (NASDAQ:WAY) Target Price at $32.90

Shares of Waystar Holding Corp. (NASDAQ:WAY) have been given a consensus recommendation of “Buy” by the eleven brokerages that are covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $32.90.

A number of equities research analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, October 14th. The Goldman Sachs Group lifted their price objective on Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada increased their target price on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Raymond James raised Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price for the company in a report on Friday, November 22nd. Finally, Evercore ISI upped their price target on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.

Insider Buying and Selling

In other news, CFO Steven M. Oreskovich sold 16,666 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $33.89, for a total transaction of $564,810.74. Following the transaction, the chief financial officer now owns 173,642 shares in the company, valued at approximately $5,884,727.38. This trade represents a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

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

Waystar Stock Down 0.7 %

Waystar stock opened at $37.92 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29. Waystar has a one year low of $20.26 and a one year high of $38.35. The stock has a fifty day moving average of $31.54.

Waystar (NASDAQ:WAY) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $240.10 million for the quarter, compared to the consensus estimate of $223.82 million. Waystar’s revenue for the quarter was up 21.7% compared to the same quarter last year. On average, research analysts predict that Waystar will post 0.03 EPS for the current fiscal year.

About Waystar

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