Evercore ISI Boosts Waystar (NASDAQ:WAY) Price Target to $36.00

Waystar (NASDAQ:WAY) had its price target lifted by Evercore ISI from $32.00 to $36.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Waystar from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. upped their price target on shares of Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, August 19th. Bank of America lifted their price objective on Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Finally, Royal Bank of Canada increased their target price on Waystar from $27.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Waystar has a consensus rating of “Buy” and a consensus target price of $31.90.

Waystar Price Performance

Shares of NASDAQ WAY opened at $31.62 on Thursday. The firm has a 50 day moving average price of $27.65. Waystar has a 52 week low of $20.26 and a 52 week high of $33.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.15.

Waystar (NASDAQ:WAY) last posted its earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $240.10 million during the quarter, compared to the consensus estimate of $223.82 million. Waystar’s revenue for the quarter was up 21.7% compared to the same quarter last year. Equities analysts expect that Waystar will post -0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Ghisallo Capital Management LLC acquired a new stake in Waystar during the second quarter valued at approximately $12,900,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Waystar during the 2nd quarter worth approximately $27,950,000. Sculptor Capital LP acquired a new stake in Waystar in the 2nd quarter valued at $791,000. Point72 DIFC Ltd bought a new stake in Waystar in the second quarter valued at $3,935,000. Finally, American Century Companies Inc. acquired a new position in Waystar during the second quarter worth $28,357,000.

Waystar Company Profile

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