Waystar (NASDAQ:WAY) Price Target Raised to $50.00 at Canaccord Genuity Group

Waystar (NASDAQ:WAY) had its price objective hoisted by Canaccord Genuity Group from $42.00 to $50.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. Bank of America boosted 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. Jefferies Financial Group initiated coverage on shares of Waystar in a research note on Tuesday, February 11th. They set a “buy” rating and a $51.00 target price for the company. Barclays upped their target price on shares of Waystar from $42.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Raymond James raised 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. Finally, Royal Bank of Canada increased their price objective on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Waystar has an average rating of “Buy” and a consensus price target of $40.36.

Waystar Trading Down 0.3 %

WAY opened at $42.07 on Monday. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $39.27 and its 200 day moving average price is $32.24. Waystar has a fifty-two week low of $20.26 and a fifty-two week high of $48.11.

Waystar (NASDAQ:WAY) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.11. The company had revenue of $244.10 million for the quarter, compared to analyst estimates of $232.29 million. Equities research analysts predict that Waystar will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling at Waystar

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $33.89, for a total value of $564,810.74. Following the sale, the chief financial officer now directly owns 173,642 shares in the company, valued at approximately $5,884,727.38. The trade was a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Waystar

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in shares of Waystar by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company’s stock worth $37,531,000 after acquiring an additional 96,552 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Waystar by 116.6% during the third quarter. M&T Bank Corp now owns 63,746 shares of the company’s stock valued at $1,778,000 after purchasing an additional 34,316 shares during the last quarter. Barclays PLC boosted its position in shares of Waystar by 701.7% in the 3rd quarter. Barclays PLC now owns 64,934 shares of the company’s stock valued at $1,811,000 after purchasing an additional 56,834 shares during the period. State Street Corp purchased a new position in Waystar in the 3rd quarter worth about $16,816,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Waystar in the 3rd quarter worth about $10,224,000.

About Waystar

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