Waystar Holding Corp. (NASDAQ:WAY – Get Free Report)’s share price gapped up prior to trading on Thursday after Canaccord Genuity Group raised their price target on the stock from $30.00 to $36.00. The stock had previously closed at $29.44, but opened at $31.52. Canaccord Genuity Group currently has a buy rating on the stock. Waystar shares last traded at $31.61, with a volume of 904,023 shares changing hands.
A number of other brokerages have also commented on WAY. Royal Bank of Canada lifted their price target on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price target on 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 lifted their price target on Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday. Evercore ISI lifted their price target on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Bank of America boosted their target price on Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $31.90.
Check Out Our Latest Research Report on WAY
Institutional Investors Weigh In On Waystar
Waystar Trading Up 7.7 %
The stock’s 50-day moving average is $27.47. 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 (NASDAQ:WAY – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $234.50 million for the quarter, compared to the consensus estimate of $216.25 million. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) EPS. On average, equities research analysts forecast that Waystar Holding Corp. will post -0.08 earnings per share for the current fiscal year.
Waystar Company Profile
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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