Waystar (NASDAQ:WAY) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Waystar (NASDAQ:WAY) had its target price lifted by stock analysts at Royal Bank of Canada from $31.00 to $34.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 7.53% from the company’s current price.

WAY has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Waystar from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Evercore ISI raised their price objective on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, August 19th. The Goldman Sachs Group increased their target price on shares of Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Bank of America boosted their price target on shares of Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, Waystar presently has an average rating of “Buy” and an average target price of $31.90.

Waystar Trading Down 0.2 %

Waystar stock opened at $31.62 on Thursday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $27.57. Waystar has a 12 month low of $20.26 and a 12 month high of $33.25.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WAY. Amalgamated Bank acquired a new position in shares of Waystar during the third quarter valued at about $41,000. RiverPark Advisors LLC bought a new stake in Waystar in the 3rd quarter valued at about $78,000. Cubist Systematic Strategies LLC acquired a new position in Waystar during the 2nd quarter worth approximately $145,000. Scientech Research LLC acquired a new stake in Waystar in the second quarter valued at approximately $289,000. Finally, Federated Hermes Inc. bought a new stake in shares of Waystar during the second quarter valued at approximately $430,000.

About Waystar

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