Waystar (NASDAQ:WAY) Given New $43.00 Price Target at Bank of America

Waystar (NASDAQ:WAY) had its target price raised by Bank of America from $36.00 to $43.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also commented on WAY. Raymond James upgraded shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research note on Friday, November 22nd. Canaccord Genuity Group increased their price target on Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Royal Bank of Canada lifted their price target 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 upped their price objective on Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Evercore ISI lifted their target price on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $34.60.

Waystar Stock Up 0.0 %

Shares of NASDAQ:WAY opened at $37.51 on Monday. The firm’s 50 day moving average is $33.02. Waystar has a 12-month low of $20.26 and a 12-month high of $38.35. 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 (NASDAQ:WAY) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $223.82 million. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. Analysts forecast that Waystar will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Steven M. Oreskovich sold 16,666 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $33.89, for a total transaction of $564,810.74. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WAY. Amalgamated Bank purchased a new position in shares of Waystar in the third quarter valued at $41,000. Smithfield Trust Co bought a new position in Waystar in the 3rd quarter worth about $68,000. RiverPark Advisors LLC purchased a new position in Waystar during the 3rd quarter valued at about $78,000. Cubist Systematic Strategies LLC bought a new stake in shares of Waystar during the second quarter valued at about $145,000. Finally, Stifel Financial Corp bought a new stake in shares of Waystar during the third quarter valued at about $204,000.

About Waystar

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