Waystar Holding Corp. (NASDAQ:WAY) Given Average Recommendation of “Buy” by Brokerages

Shares of Waystar Holding Corp. (NASDAQ:WAY) have been assigned a consensus rating of “Buy” from the twelve research firms that are covering the stock, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $36.55.

WAY has been the subject of several recent research reports. The Goldman Sachs Group increased their price objective on Waystar from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Evercore ISI raised their price target on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Canaccord Genuity Group increased their price objective on shares of Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Royal Bank of Canada raised their target price 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. Finally, Raymond James upgraded Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target for the company in a research report on Friday, November 22nd.

Waystar Stock Performance

Shares of NASDAQ WAY opened at $45.11 on Wednesday. The company’s 50-day simple moving average is $38.64 and its 200-day simple moving average is $31.67. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar has a 52-week low of $20.26 and a 52-week high of $48.11.

Waystar (NASDAQ:WAY) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.15 by $0.11. Sell-side analysts predict that Waystar will post 0.03 EPS for the current year.

Insider Activity

In other news, CFO Steven M. Oreskovich sold 16,666 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $5,884,727.38. This trade represents a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Waystar

A number of hedge funds have recently added to or reduced their stakes in WAY. Global Retirement Partners LLC purchased a new position in shares of Waystar in the 4th quarter valued at about $25,000. Cerity Partners LLC lifted its stake in Waystar by 1.5% in the third quarter. Cerity Partners LLC now owns 46,699 shares of the company’s stock worth $1,302,000 after acquiring an additional 699 shares during the last quarter. RiverPark Advisors LLC grew its holdings in Waystar by 25.5% during the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company’s stock worth $128,000 after acquiring an additional 710 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Waystar by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company’s stock valued at $901,000 after purchasing an additional 960 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Waystar by 1.8% in the 4th quarter. Russell Investments Group Ltd. now owns 54,096 shares of the company’s stock valued at $1,985,000 after purchasing an additional 964 shares in the last quarter.

About Waystar

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