Waystar Holding Corp. (NASDAQ:WAY) Receives $36.55 Average PT from Analysts

Shares of Waystar Holding Corp. (NASDAQ:WAY) have been assigned an average recommendation of “Buy” from the twelve analysts that are covering the firm, MarketBeat reports. Eleven investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $36.55.

A number of research firms have recently commented on WAY. The Goldman Sachs Group upped their target price on Waystar from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Evercore ISI lifted their target price on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Canaccord Genuity Group upped their price target on shares of Waystar from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Raymond James raised 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 report on Friday, November 22nd. Finally, Bank of America raised their target price on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, January 6th.

Insider Transactions at Waystar

In other news, CFO Steven M. Oreskovich sold 16,666 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $33.89, for a total transaction of $564,810.74. Following the transaction, the chief financial officer now owns 173,642 shares in the company, valued at $5,884,727.38. This represents a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Institutional Trading of Waystar

Several large investors have recently bought and sold shares of WAY. Global Retirement Partners LLC purchased a new position in shares of Waystar in the fourth quarter worth $25,000. Amalgamated Bank purchased a new position in Waystar in the 3rd quarter worth $41,000. Mark Sheptoff Financial Planning LLC purchased a new position in Waystar in the 4th quarter worth $48,000. Smithfield Trust Co purchased a new stake in Waystar during the 3rd quarter valued at about $68,000. Finally, RiverPark Advisors LLC acquired a new position in shares of Waystar in the third quarter valued at about $78,000.

Waystar Stock Up 1.5 %

WAY stock opened at $45.35 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar has a 12 month low of $20.26 and a 12 month high of $45.49. The company has a 50-day moving average price of $38.12 and a 200 day moving average price of $31.36.

About Waystar

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