Waystar (NASDAQ:WAY) Given New $43.00 Price Target at Bank of America

Waystar (NASDAQ:WAY) had its price target lifted by Bank of America from $36.00 to $43.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

WAY has been the subject of a number of other research reports. The Goldman Sachs Group raised their price objective on Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their price target 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. Canaccord Genuity Group upped their price target on shares of Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a report on Friday. Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a report on Friday, November 22nd. Finally, Evercore ISI upped their target price 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. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $34.60.

Waystar Price Performance

Waystar stock opened at $37.50 on Monday. Waystar has a one year low of $20.26 and a one year high of $38.35. The business’s 50 day moving average is $32.65. 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 (NASDAQ:WAY) last posted its earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $223.82 million. Waystar’s quarterly revenue was up 21.7% compared to the same quarter last year. As a group, research analysts predict that Waystar will post 0.03 earnings per share for the current year.

Insider Buying and Selling

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of the firm’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 sale, the chief financial officer now directly owns 173,642 shares in the company, 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 filing with the SEC, which can be accessed through this link.

Hedge Funds Weigh In On Waystar

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC grew its position in Waystar by 1.5% in the 3rd quarter. Cerity Partners LLC now owns 46,699 shares of the company’s stock valued at $1,302,000 after buying an additional 699 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Waystar in the 3rd quarter worth approximately $41,000. Smithfield Trust Co bought a new position in shares of Waystar in the third quarter valued at approximately $68,000. RiverPark Advisors LLC acquired a new position in shares of Waystar during the third quarter valued at approximately $78,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Waystar during the second quarter worth approximately $145,000.

Waystar Company Profile

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