Waystar (NASDAQ:WAY) Price Target Raised to $52.00

Waystar (NASDAQ:WAY) had its target price boosted by The Goldman Sachs Group from $44.00 to $52.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on WAY. Barclays upped their price objective on shares of Waystar from $42.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday. 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. Evercore ISI increased their price target on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Canaccord Genuity Group increased their price target on shares of Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target for the company in a research note on Friday, November 22nd. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $39.64.

Waystar Trading Up 3.0 %

Shares of NASDAQ WAY opened at $42.21 on Wednesday. Waystar has a 12-month low of $20.26 and a 12-month high of $48.11. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $39.14 and a 200 day moving average of $31.96.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.11. The business had revenue of $244.10 million for the quarter, compared to analysts’ expectations of $232.29 million. On average, sell-side analysts expect that Waystar will post 0.39 EPS for the current fiscal year.

Insider Transactions at Waystar

In other 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 transaction, the chief financial officer now directly owns 173,642 shares in the company, valued at approximately $5,884,727.38. This represents a 8.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Waystar

Large investors have recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new stake in Waystar during the 4th quarter worth approximately $25,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Waystar during the 4th quarter worth approximately $48,000. Amalgamated Bank acquired a new stake in Waystar during the 3rd quarter worth approximately $41,000. Smithfield Trust Co acquired a new stake in Waystar during the 3rd quarter worth approximately $68,000. Finally, Gen Wealth Partners Inc acquired a new stake in Waystar during the 4th quarter worth approximately $92,000.

Waystar Company Profile

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