Barclays Has Lowered Expectations for Waystar (NASDAQ:WAY) Stock Price

Waystar (NASDAQ:WAY) had its price objective lowered by stock analysts at Barclays from $50.00 to $45.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 21.85% from the company’s previous close.

Several other analysts have also weighed in on the company. Jefferies Financial Group started coverage on Waystar in a report on Tuesday, February 11th. They issued a “buy” rating and a $51.00 target price on the stock. Canaccord Genuity Group raised their price objective on Waystar from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Bank of America upped their price target on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. The Goldman Sachs Group raised their price objective on Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Finally, Truist Financial initiated coverage on shares of Waystar in a report on Friday, March 14th. They set a “buy” rating and a $45.00 target price on the stock. Twelve research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Waystar presently has an average rating of “Buy” and a consensus price target of $40.33.

Waystar Stock Up 1.0 %

Waystar stock opened at $36.93 on Monday. 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 stock has a 50 day moving average of $39.32 and a two-hundred day moving average of $35.21. Waystar has a twelve month low of $20.26 and a twelve month high of $48.11.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.11. The firm had revenue of $244.10 million during the quarter, compared to analyst estimates of $232.29 million. As a group, research analysts expect that Waystar will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $42.15, for a total value of $143,310.00. Following the sale, the chief marketing officer now directly owns 43,478 shares in the company, valued at approximately $1,832,597.70. This trade represents a 7.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider T. Craig Bridge sold 182,914 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $42.15, for a total transaction of $7,709,825.10. Following the transaction, the insider now directly owns 519,658 shares of the company’s stock, valued at $21,903,584.70. The trade was a 26.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,411,461 shares of company stock valued at $528,743,995 in the last quarter.

Institutional Trading of Waystar

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new position in Waystar during the fourth quarter valued at about $25,000. Mark Sheptoff Financial Planning LLC purchased a new stake in Waystar in the 4th quarter worth about $48,000. Gen Wealth Partners Inc acquired a new stake in shares of Waystar during the fourth quarter worth approximately $92,000. RiverPark Advisors LLC grew its holdings in shares of Waystar by 25.5% during the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company’s stock valued at $128,000 after acquiring an additional 710 shares in the last quarter. Finally, Pictet Asset Management Holding SA acquired a new position in Waystar in the 4th quarter worth about $237,000.

Waystar Company Profile

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