Waystar (NASDAQ:WAY) PT Raised to $32.00 at Evercore ISI

Waystar (NASDAQ:WAY) had its price target increased by Evercore ISI from $27.00 to $32.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other analysts also recently issued reports about the company. Canaccord Genuity Group started coverage on Waystar in a report on Tuesday, July 2nd. They set a buy rating and a $30.00 price target for the company. Raymond James initiated coverage on Waystar in a report on Tuesday, July 2nd. They issued an outperform rating and a $30.00 target price for the company. JPMorgan Chase & Co. increased 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. Barclays assumed coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued an overweight rating and a $24.00 price objective for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Waystar in a research note on Tuesday, July 2nd. They set a buy rating and a $32.00 target price on the stock. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Waystar has an average rating of Buy and an average target price of $29.40.

Waystar Stock Performance

Shares of WAY stock opened at $27.88 on Tuesday. The firm has a 50 day moving average of $26.26. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. Waystar has a one year low of $20.26 and a one year high of $28.57.

Waystar (NASDAQ:WAY) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $234.50 million during the quarter, compared to analyst estimates of $216.25 million. During the same quarter last year, the firm posted ($0.07) EPS. The firm’s revenue for the quarter was up 19.6% on a year-over-year basis. As a group, equities analysts anticipate that Waystar will post -0.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Canada Pension Plan Investment Board bought a new position in Waystar in the 2nd quarter valued at about $800,003,000. Deerfield Management Company L.P. Series C purchased a new stake in shares of Waystar in the second quarter worth approximately $106,468,000. TPG GP A LLC bought a new position in shares of Waystar in the second quarter valued at approximately $85,910,000. American Century Companies Inc. purchased a new position in shares of Waystar during the second quarter valued at approximately $28,357,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Waystar during the second quarter worth $27,950,000.

Waystar Company Profile

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