Waystar (NASDAQ:WAY) Price Target Raised to $32.00

Waystar (NASDAQ:WAY) had its price objective hoisted by Evercore ISI from $27.00 to $32.00 in a research report report published on Tuesday, Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group started coverage on shares of Waystar in a report on Tuesday, July 2nd. They set a buy rating and a $32.00 target price on the stock. Canaccord Genuity Group assumed coverage on Waystar in a research report on Tuesday, July 2nd. They set a buy rating and a $30.00 target price for the company. Canaccord Genuity Group began coverage on Waystar in a research report on Tuesday, July 2nd. They issued a buy rating and a $30.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on Waystar from $27.00 to $31.00 and gave the company a buy rating in a research note on Wednesday, August 14th. Finally, Raymond James began coverage on shares of Waystar in a research note on Tuesday, July 2nd. They set an outperform rating and a $30.00 price objective on the stock. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of Buy and a consensus target price of $29.40.

Waystar Price Performance

Shares of Waystar stock opened at $27.88 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.15 and a quick ratio of 2.15. The firm’s fifty day simple moving average is $26.26. Waystar has a 1 year low of $20.26 and a 1 year high of $28.57.

Waystar (NASDAQ:WAY) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. The firm had revenue of $234.50 million for the quarter, compared to the consensus estimate of $216.25 million. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) EPS. Sell-side analysts predict that Waystar will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new stake in shares of Waystar during the 2nd quarter valued at approximately $145,000. Scientech Research LLC bought a new stake in shares of Waystar during the second quarter worth $289,000. Federated Hermes Inc. acquired a new position in shares of Waystar during the second quarter worth $430,000. SG Americas Securities LLC bought a new position in shares of Waystar in the 3rd quarter valued at $717,000. Finally, Sculptor Capital LP acquired a new stake in shares of Waystar during the 2nd quarter valued at $791,000.

Waystar Company Profile

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