Waystar (NASDAQ:WAY) Price Target Raised to $36.00 at Canaccord Genuity Group

Waystar (NASDAQ:WAY) had its price target raised by Canaccord Genuity Group from $30.00 to $36.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

WAY has been the subject of several other research reports. 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. Deutsche Bank Aktiengesellschaft raised their price target on shares of Waystar from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. boosted their price objective on shares of Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, August 19th. Bank of America raised their target price on Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Royal Bank of Canada lifted their target price on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Waystar currently has an average rating of “Buy” and an average price target of $31.90.

Waystar Stock Down 0.2 %

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

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

Institutional Investors Weigh In On Waystar

Institutional investors and hedge funds have recently made changes to their positions in the business. Canada Pension Plan Investment Board bought a new position in Waystar during the 2nd quarter valued at $800,003,000. Deerfield Management Company L.P. Series C purchased a new stake in shares of Waystar in the second quarter valued at about $106,468,000. TPG GP A LLC bought a new position in shares of Waystar during the second quarter valued at about $85,910,000. American Century Companies Inc. purchased a new position in Waystar during the second quarter worth about $28,357,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Waystar in the 2nd quarter worth about $27,950,000.

Waystar Company Profile

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