Waystar Holding Corp. (NASDAQ:WAY) Receives Consensus Rating of “Buy” from Brokerages

Shares of Waystar Holding Corp. (NASDAQ:WAY) have been given an average recommendation of “Buy” by the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Twelve analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $40.08.

Several brokerages recently commented on WAY. Jefferies Financial Group began coverage on shares of Waystar in a research note on Tuesday, February 11th. They set a “buy” rating and a $51.00 price objective for the company. Truist Financial initiated coverage on shares of Waystar in a report on Friday, March 14th. They issued a “buy” rating and a $45.00 price target on the stock. Bank of America lifted their price objective on Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group raised their price target on Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Finally, Barclays dropped their target price on shares of Waystar from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday, April 14th.

Waystar Stock Performance

Shares of NASDAQ WAY opened at $40.68 on Monday. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40. Waystar has a one year low of $20.26 and a one year high of $48.11. The business’s fifty day moving average price is $37.77 and its 200-day moving average price is $36.02.

Waystar (NASDAQ:WAY) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $256.44 million during the quarter, compared to analysts’ expectations of $248.47 million. The company’s revenue was up 14.1% compared to the same quarter last year. On average, research analysts anticipate that Waystar will post 0.39 EPS for the current year.

Insiders Place Their Bets

In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $42.15, for a total value of $143,310.00. Following the transaction, the chief marketing officer now owns 43,478 shares in the company, valued at approximately $1,832,597.70. The trade was a 7.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider T. Craig Bridge sold 182,914 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $42.15, for a total transaction of $7,709,825.10. Following the sale, the insider now owns 519,658 shares of the company’s stock, valued at approximately $21,903,584.70. This represents a 26.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,411,461 shares of company stock valued at $528,743,995 in the last ninety days.

Hedge Funds Weigh In On Waystar

Several hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC bought a new stake in Waystar in the fourth quarter valued at $25,000. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Waystar during the 4th quarter valued at about $48,000. Gen Wealth Partners Inc purchased a new position in shares of Waystar during the fourth quarter valued at about $92,000. Amalgamated Bank raised its stake in Waystar by 84.1% in the first quarter. Amalgamated Bank now owns 2,716 shares of the company’s stock worth $101,000 after buying an additional 1,241 shares in the last quarter. Finally, KBC Group NV purchased a new stake in Waystar in the first quarter worth about $109,000.

About Waystar

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