Waystar (NASDAQ:WAY) Given New $36.00 Price Target at Evercore ISI

Waystar (NASDAQ:WAY) had its price target lifted by Evercore ISI from $32.00 to $36.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s target price would indicate a potential upside of 15.13% from the company’s previous close.

A number of other research firms have also recently weighed in on WAY. Bank of America upped their target price on shares of Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. upped their target price 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. Deutsche Bank Aktiengesellschaft upped 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, Royal Bank of Canada upped their price objective on shares of Waystar from $27.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $30.30.

Waystar Stock Performance

Shares of NASDAQ:WAY traded up $1.84 on Thursday, hitting $31.27. 75,929 shares of the company were exchanged, compared to its average volume of 823,710. The firm’s 50 day moving average price is $27.47. Waystar has a one year low of $20.26 and a one year high of $32.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 2.15.

Waystar (NASDAQ:WAY) last posted its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $234.50 million during the quarter, compared to the consensus estimate of $216.25 million. The business’s revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.07) EPS. Equities research analysts anticipate that Waystar will post -0.08 earnings per share for the current year.

Hedge Funds Weigh In On Waystar

A number of large investors have recently modified their holdings of the stock. Amalgamated Bank acquired a new position in shares of Waystar during the third quarter worth approximately $41,000. RiverPark Advisors LLC bought a new position in Waystar in the third quarter valued at approximately $78,000. Cubist Systematic Strategies LLC bought a new position in Waystar in the second quarter valued at approximately $145,000. Scientech Research LLC bought a new position in Waystar in the second quarter valued at approximately $289,000. Finally, Federated Hermes Inc. bought a new position in Waystar in the second quarter valued at approximately $430,000.

About Waystar

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