Waystar (NASDAQ:WAY) Price Target Raised to $39.00 at The Goldman Sachs Group

Waystar (NASDAQ:WAY) had its price target raised by The Goldman Sachs Group from $34.00 to $39.00 in a research note published on Thursday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on WAY. Bank of America lifted their price target on shares of Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. raised their price target on Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, August 19th. Royal Bank of Canada upped their target price on shares of Waystar from $27.00 to $31.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Deutsche Bank Aktiengesellschaft increased their price objective on Waystar from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Evercore ISI upped their price target on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $31.90.

Waystar Stock Performance

WAY stock opened at $31.62 on Thursday. Waystar has a 1 year low of $20.26 and a 1 year high of $33.25. The firm has a 50 day moving average of $27.65. The company has a quick ratio of 2.15, a current ratio of 2.29 and a debt-to-equity ratio of 0.40.

Waystar (NASDAQ:WAY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $223.82 million. The business’s quarterly revenue was up 21.7% on a year-over-year basis. As a group, equities research analysts predict that Waystar will post -0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Waystar

Institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank acquired a new position in Waystar during the third quarter worth about $41,000. RiverPark Advisors LLC purchased a new position in shares of Waystar during the 3rd quarter worth approximately $78,000. Cubist Systematic Strategies LLC purchased a new stake in Waystar in the 2nd quarter valued at approximately $145,000. Scientech Research LLC purchased a new stake in Waystar in the 2nd quarter valued at approximately $289,000. Finally, Federated Hermes Inc. acquired a new stake in Waystar during the 2nd quarter valued at $430,000.

About Waystar

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