Waystar (NASDAQ:WAY) Now Covered by Jefferies Financial Group

Investment analysts at Jefferies Financial Group initiated coverage on shares of Waystar (NASDAQ:WAY) in a research note issued on Tuesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $51.00 price target on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 23.04% from the stock’s current price.

A number of other equities analysts also recently commented on WAY. Canaccord Genuity Group raised their price objective on Waystar from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Raymond James upgraded Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a report on Friday, November 22nd. Evercore ISI raised their target price on Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their target price on Waystar from $39.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, Royal Bank of Canada raised their target price on Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Waystar has an average rating of “Buy” and a consensus target price of $36.55.

Waystar Price Performance

Waystar stock opened at $41.45 on Tuesday. The stock’s 50-day moving average is $36.80 and its 200-day moving average is $30.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29. Waystar has a 12 month low of $20.26 and a 12 month high of $42.07.

Insider Transactions at Waystar

In other news, CFO Steven M. Oreskovich sold 16,666 shares of Waystar stock in a transaction that occurred 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 owns 173,642 shares in the company, valued at approximately $5,884,727.38. This trade represents a 8.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in WAY. Swiss National Bank acquired a new position in Waystar during the 4th quarter valued at approximately $3,009,000. Burkehill Global Management LP acquired a new position in Waystar during the 4th quarter valued at approximately $23,855,000. AGF Management Ltd. acquired a new position in Waystar during the 4th quarter valued at approximately $7,778,000. PNC Financial Services Group Inc. boosted its position in Waystar by 40.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,383 shares of the company’s stock valued at $528,000 after purchasing an additional 4,165 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Waystar during the 4th quarter valued at approximately $1,504,000.

Waystar Company Profile

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