Waystar (NASDAQ:WAY) Price Target Raised to $43.00

Waystar (NASDAQ:WAY) had its price objective increased by Bank of America from $36.00 to $43.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also weighed in on WAY. Evercore ISI boosted their target price on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted 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, November 7th. The Goldman Sachs Group raised their target price on Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Canaccord Genuity Group upped their price target on Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Raymond James upgraded Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research report on Friday, November 22nd. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Waystar has a consensus rating of “Buy” and a consensus target price of $34.60.

Waystar Trading Up 0.0 %

Shares of NASDAQ:WAY opened at $37.51 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29. Waystar has a 52-week low of $20.26 and a 52-week high of $38.35. The business’s fifty day moving average is $33.02.

Waystar (NASDAQ:WAY) last issued its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $223.82 million. The firm’s revenue was up 21.7% on a year-over-year basis. As a group, equities research analysts predict that Waystar will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Steven M. Oreskovich sold 16,666 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $33.89, for a total transaction of $564,810.74. Following the transaction, the chief financial officer now owns 173,642 shares in the company, valued at approximately $5,884,727.38. This represents a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Waystar

Several large investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new position in Waystar in the second quarter worth approximately $800,003,000. Deerfield Management Company L.P. Series C acquired a new position in shares of Waystar during the second quarter worth approximately $106,468,000. TPG GP A LLC bought a new position in shares of Waystar in the 2nd quarter worth $85,910,000. American Century Companies Inc. acquired a new stake in Waystar in the 2nd quarter valued at $28,357,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Waystar during the 2nd quarter valued at $27,950,000.

About Waystar

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