Waystar Holding Corp. (NASDAQ:WAY) Receives $35.10 Consensus Target Price from Analysts

Posted by Editorial Team on Jan 23rd, 2025

Shares of Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) have been assigned a consensus rating of “Buy” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $35.10.

Several brokerages recently issued reports on WAY. Royal Bank of Canada upped their price objective on shares of Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. The Goldman Sachs Group increased their price objective on shares of Waystar from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Bank of America raised their price target on shares of Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a report on Monday, January 6th. Canaccord Genuity Group raised their price target on shares of Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Raymond James upgraded shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a research note on Friday, November 22nd.

Read Our Latest Analysis on WAY

Insider Buying and Selling

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were 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 of the company’s stock, valued at approximately $5,884,727.38. This trade represents a 8.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Waystar

Several large investors have recently bought and sold shares of the stock. Federated Hermes Inc. acquired a new position in shares of Waystar in the second quarter worth about $430,000. Canada Pension Plan Investment Board acquired a new stake in Waystar in the second quarter valued at approximately $800,003,000. Sei Investments Co. acquired a new stake in Waystar in the second quarter valued at approximately $1,435,000. Magnetar Financial LLC acquired a new stake in Waystar in the second quarter valued at approximately $2,495,000. Finally, Davidson Kempner Capital Management LP bought a new position in shares of Waystar in the second quarter valued at approximately $4,300,000.

Waystar Price Performance

NASDAQ WAY opened at $38.17 on Friday. Waystar has a one year low of $20.26 and a one year high of $38.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29. The firm’s fifty day moving average is $34.37 and its two-hundred day moving average is $28.98.

Waystar (NASDAQ:WAY – Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The company had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $223.82 million. Waystar’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, analysts forecast that Waystar will post 0.03 earnings per share for the current fiscal year.