Waystar (NASDAQ:WAY) Price Target Raised to $27.00

Waystar (NASDAQ:WAY) had its price target boosted by JPMorgan Chase & Co. from $24.00 to $27.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 1.62% from the stock’s previous close.

Several other research firms also recently issued reports on WAY. Canaccord Genuity Group began coverage on Waystar in a research note on Tuesday, July 2nd. They set a “buy” rating and a $30.00 price target for the company. Barclays assumed coverage on Waystar in a report on Tuesday, July 2nd. They set an “overweight” rating and a $24.00 price target on the stock. William Blair initiated coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued an “outperform” rating for the company. Bank of America started coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued a “buy” rating and a $27.00 target price on the stock. Finally, Royal Bank of Canada assumed coverage on shares of Waystar in a report on Tuesday, July 2nd. They set an “outperform” rating and a $27.00 price target for the company. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Waystar has an average rating of “Buy” and an average price target of $28.50.

Waystar Stock Performance

Shares of WAY opened at $26.57 on Monday. Waystar has a twelve month low of $20.26 and a twelve month high of $27.07.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share 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 firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.07) EPS. On average, equities analysts expect that Waystar will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of Waystar

Institutional investors and hedge funds have recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new stake in Waystar in the second quarter valued at about $800,003,000. Deerfield Management Company L.P. Series C acquired a new stake in Waystar during the second quarter valued at approximately $106,468,000. TPG GP A LLC bought a new stake in shares of Waystar in the 2nd quarter valued at approximately $85,910,000. American Century Companies Inc. acquired a new position in shares of Waystar in the 2nd quarter worth approximately $28,357,000. Finally, Peregrine Capital Management LLC acquired a new position in shares of Waystar in the 2nd quarter worth approximately $9,010,000.

Waystar Company Profile

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