The Goldman Sachs Group Issues Positive Forecast for Waystar (NASDAQ:WAY) Stock Price

Waystar (NASDAQ:WAY) had its target price boosted by The Goldman Sachs Group from $39.00 to $44.00 in a report published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

WAY has been the topic of a number of other research reports. Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a research report on Friday, November 22nd. Royal Bank of Canada lifted their target price on shares of Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Bank of America upped their price target on Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Canaccord Genuity Group lifted their price objective on Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Evercore ISI increased their target price on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $35.10.

Waystar Stock Performance

NASDAQ:WAY opened at $37.36 on Tuesday. The stock has a 50 day moving average price of $33.71 and a 200 day moving average price of $28.46. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar has a one year low of $20.26 and a one year high of $38.35.

Waystar (NASDAQ:WAY) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $240.10 million during 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. On average, analysts forecast that Waystar will post 0.03 EPS for the current year.

Insider Transactions at Waystar

In other news, CFO Steven M. Oreskovich sold 16,666 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $33.89, for a total value of $564,810.74. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Waystar

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board purchased a new position in shares of Waystar during the second quarter worth about $800,003,000. Deerfield Management Company L.P. Series C acquired a new position in Waystar during the second quarter worth approximately $106,468,000. TPG GP A LLC purchased a new stake in Waystar in the second quarter valued at approximately $85,910,000. American Century Companies Inc. acquired a new stake in shares of Waystar in the second quarter valued at approximately $28,357,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Waystar in the 2nd quarter valued at $27,950,000.

Waystar Company Profile

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