Analysts Set Waystar Holding Corp. (NASDAQ:WAY) PT at $35.10

Shares of Waystar Holding Corp. (NASDAQ:WAY) have been assigned a consensus rating of “Buy” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $35.10.

WAY has been the subject of several research analyst reports. Canaccord Genuity Group lifted their price target on shares of Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Evercore ISI lifted their price target on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Bank of America boosted their price objective on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Royal Bank of Canada upped their target price on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their target price on Waystar from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th.

Waystar Trading Up 3.1 %

WAY opened at $39.05 on Friday. Waystar has a 12 month low of $20.26 and a 12 month high of $40.20. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average of $34.66 and a 200 day moving average of $29.11.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $223.82 million. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, sell-side analysts expect that Waystar will post 0.03 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Steven M. Oreskovich sold 16,666 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $33.89, for a total value of $564,810.74. Following the transaction, the chief financial officer now directly owns 173,642 shares of the company’s stock, valued at $5,884,727.38. This represents a 8.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Waystar

Several hedge funds have recently made changes to their positions in the company. Dakota Wealth Management acquired a new position in shares of Waystar in the 4th quarter valued at $264,000. Perpetual Ltd acquired a new stake in Waystar during the 4th quarter worth about $558,000. CHURCHILL MANAGEMENT Corp acquired a new stake in Waystar during the 4th quarter worth about $1,905,000. JPMorgan Chase & Co. grew its position in Waystar by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company’s stock worth $37,531,000 after purchasing an additional 96,552 shares during the period. Finally, Geode Capital Management LLC grew its position in Waystar by 697.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company’s stock worth $30,724,000 after purchasing an additional 963,316 shares during the period.

About Waystar

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