Waystar (NASDAQ:WAY – Get Free Report) posted its earnings results on Wednesday. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03, Briefing.com reports. The firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $223.82 million. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. Waystar updated its FY24 guidance to $0.30-$0.32 EPS and its FY 2024 guidance to 0.300-0.320 EPS.
Waystar Price Performance
Shares of NASDAQ:WAY traded down $0.07 during trading on Friday, hitting $31.62. 2,218,007 shares of the stock were exchanged, compared to its average volume of 879,283. The company has a fifty day simple moving average of $27.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.15 and a quick ratio of 2.15. Waystar has a 12-month low of $20.26 and a 12-month high of $33.25.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. Royal Bank of Canada raised their target price on Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday. The Goldman Sachs Group boosted their price objective on Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday. Evercore ISI increased their target price on Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday. Bank of America boosted their price target on shares of Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Waystar from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Waystar currently has a consensus rating of “Buy” and an average price target of $31.90.
About Waystar
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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