Amalgamated Bank Takes Position in Waystar Holding Corp. (NASDAQ:WAY)

Amalgamated Bank acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 1,475 shares of the company’s stock, valued at approximately $41,000.

A number of other institutional investors have also recently made changes to their positions in WAY. Cubist Systematic Strategies LLC purchased a new position in Waystar during the second quarter worth $145,000. Scientech Research LLC purchased a new stake in Waystar during the second quarter valued at approximately $289,000. Federated Hermes Inc. acquired a new stake in Waystar in the second quarter worth about $430,000. SG Americas Securities LLC purchased a new position in shares of Waystar in the third quarter worth $717,000. Finally, Sculptor Capital LP purchased a new stake in Waystar during the 2nd quarter valued at about $791,000.

Analysts Set New Price Targets

WAY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, August 19th. The Goldman Sachs Group upped their price objective on shares of Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Bank of America lifted their target price on shares of Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Canaccord Genuity Group upped their price target on shares of Waystar from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Waystar from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $31.90.

Waystar Stock Performance

Shares of WAY opened at $30.37 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a 50-day moving average of $28.12. Waystar Holding Corp. has a 12-month low of $20.26 and a 12-month high of $33.25.

Waystar (NASDAQ:WAY) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $223.82 million. Waystar’s revenue for the quarter was up 21.7% compared to the same quarter last year. On average, analysts forecast that Waystar Holding Corp. will post 0.01 earnings per share for the current fiscal year.

Waystar Profile

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