Shares of Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) have been assigned an average rating of "Buy" from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Eleven analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $29.90.
WAY has been the topic of a number of analyst reports. Royal Bank of Canada upped their price objective on Waystar from $27.00 to $31.00 and gave the stock an "outperform" rating in a research note on Friday, September 6th. JPMorgan Chase & Co. increased their price target on shares of Waystar from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday, August 19th. 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 research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Waystar from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Finally, Evercore ISI boosted their price target on Waystar from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th.
View Our Latest Stock Analysis on Waystar
Several institutional investors and hedge funds have recently made changes to their positions in WAY. Canada Pension Plan Investment Board bought a new stake in Waystar in the 2nd quarter valued at $800,003,000. Deerfield Management Company L.P. Series C bought a new stake in shares of Waystar in the second quarter valued at about $106,468,000. TPG GP A LLC acquired a new position in shares of Waystar in the second quarter valued at about $85,910,000. American Century Companies Inc. acquired a new position in shares of Waystar in the second quarter valued at about $28,357,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Waystar during the second quarter worth about $27,950,000.
Shares of WAY opened at $28.77 on Monday. Waystar has a 12 month low of $20.26 and a 12 month high of $29.41. The stock's fifty day simple moving average is $27.32. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.46.
Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. The business had revenue of $234.50 million for the quarter, compared to analyst estimates of $216.25 million. During the same quarter in the prior year, the company earned ($0.07) earnings per share. The company's quarterly revenue was up 19.6% on a year-over-year basis. Equities research analysts anticipate that Waystar will post -0.08 earnings per share for the current year.
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Waystar, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waystar wasn't on the list.
While Waystar currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.