Waystar (NASDAQ:WAY) Price Target Raised to $36.00 at Canaccord Genuity Group

Waystar (NASDAQ:WAY) had its price target boosted by Canaccord Genuity Group from $30.00 to $36.00 in a research note released on Thursday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other research firms also recently commented on WAY. Evercore ISI boosted their price objective on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, August 19th. The Goldman Sachs Group upped their price target on Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America boosted their target price on shares of Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Royal Bank of Canada raised their price objective on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $31.90.

Waystar Stock Performance

NASDAQ WAY traded up $0.42 during trading hours on Thursday, reaching $32.11. The company’s stock had a trading volume of 1,297,717 shares, compared to its average volume of 870,687. Waystar has a 52 week low of $20.26 and a 52 week high of $33.25. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $27.47.

Waystar (NASDAQ:WAY) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $234.50 million during the quarter, compared to analyst estimates of $216.25 million. The firm’s revenue was up 19.6% on a year-over-year basis. During the same period last year, the business earned ($0.07) EPS. As a group, sell-side analysts forecast that Waystar will post -0.08 earnings per share for the current year.

Institutional Trading of Waystar

A number of institutional investors and hedge funds have recently bought and sold shares of WAY. Ghisallo Capital Management LLC bought a new stake in shares of Waystar in the second quarter valued at about $12,900,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Waystar during the 2nd quarter worth approximately $27,950,000. Sculptor Capital LP acquired a new stake in Waystar during the 2nd quarter worth about $791,000. Point72 DIFC Ltd purchased a new position in shares of Waystar during the 2nd quarter valued at about $3,935,000. Finally, American Century Companies Inc. acquired a new position in Waystar in the 2nd quarter worth about $28,357,000.

About Waystar

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