Waystar (NASDAQ:WAY – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03, Briefing.com reports. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $223.82 million. The company’s revenue was up 21.7% compared to the same quarter last year. Waystar updated its FY24 guidance to $0.30-$0.32 EPS and its FY 2024 guidance to 0.300-0.320 EPS.
Waystar Stock Performance
NASDAQ:WAY traded down $0.07 during trading hours on Friday, reaching $31.62. The company’s stock had a trading volume of 2,218,007 shares, compared to its average volume of 879,283. The firm has a 50 day simple moving average of $27.57. 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 has a 12 month low of $20.26 and a 12 month high of $33.25.
Analyst Ratings Changes
A number of research firms recently issued reports on WAY. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Waystar from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Evercore ISI raised their target price on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group lifted their price objective on Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America increased 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, Canaccord Genuity Group increased their target price on shares of Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $31.90.
Waystar Company Profile
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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