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

Waystar Holding Corp. (NASDAQ:WAY) has earned an average recommendation of “Buy” from the twelve ratings firms that are covering the company, MarketBeat reports. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $36.55.

WAY has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price objective on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on Waystar from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Bank of America boosted their price objective on Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Evercore ISI boosted their price objective on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Raymond James upgraded Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a report on Friday, November 22nd.

Waystar Price Performance

NASDAQ:WAY opened at $42.48 on Wednesday. The business’s 50-day moving average price is $37.01 and its 200 day moving average price is $30.77. Waystar has a 52-week low of $20.26 and a 52-week high of $42.56. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40.

Insider Transactions at Waystar

In related news, CFO Steven M. Oreskovich sold 16,666 shares of the company’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 completion of the transaction, the chief financial officer now directly owns 173,642 shares in the company, valued at approximately $5,884,727.38. This represents a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On Waystar

Several hedge funds have recently added to or reduced their stakes in WAY. Cubist Systematic Strategies LLC bought a new stake in Waystar during the 2nd quarter worth $145,000. Amalgamated Bank bought a new stake in Waystar during the 3rd quarter worth $41,000. RiverPark Advisors LLC bought a new stake in Waystar during the 3rd quarter worth $78,000. Jennison Associates LLC grew its position in Waystar by 4.3% during the 3rd quarter. Jennison Associates LLC now owns 1,129,164 shares of the company’s stock worth $31,492,000 after acquiring an additional 46,264 shares during the last quarter. Finally, Smithfield Trust Co bought a new stake in Waystar during the 3rd quarter worth $68,000.

About Waystar

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