Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) has been given an average recommendation of “Buy” by the fifteen brokerages that are covering the company, Marketbeat.com reports. Twelve analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $45.1429.
A number of equities analysts recently issued reports on WAY shares. JMP Securities started coverage on Waystar in a report on Thursday, September 18th. They set a “market outperform” rating and a $48.00 price target on the stock. Citigroup started coverage on Waystar in a report on Thursday, September 18th. They set an “outperform” rating on the stock. Citizens Jmp started coverage on Waystar in a report on Thursday, September 18th. They set a “mkt outperform” rating and a $48.00 price target on the stock. TD Cowen raised Waystar to a “strong-buy” rating in a report on Thursday, June 5th. Finally, Robert W. Baird started coverage on shares of Waystar in a research report on Friday, September 5th. They issued an “outperform” rating and a $44.00 price objective for the company.
View Our Latest Stock Analysis on Waystar
Insider Transactions at Waystar
Institutional Investors Weigh In On Waystar
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Waystar by 62.1% during the 1st quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company’s stock valued at $302,263,000 after acquiring an additional 3,099,211 shares during the period. William Blair Investment Management LLC lifted its position in shares of Waystar by 23.9% during the 2nd quarter. William Blair Investment Management LLC now owns 5,239,365 shares of the company’s stock valued at $214,133,000 after acquiring an additional 1,011,940 shares during the period. Alliancebernstein L.P. lifted its position in shares of Waystar by 3,883.4% during the 2nd quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock valued at $133,601,000 after acquiring an additional 3,186,869 shares during the period. Geode Capital Management LLC lifted its position in shares of Waystar by 14.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,376,932 shares of the company’s stock valued at $97,155,000 after acquiring an additional 309,119 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Waystar by 10.7% during the 2nd quarter. Bank of America Corp DE now owns 2,087,680 shares of the company’s stock valued at $85,323,000 after acquiring an additional 201,262 shares during the period.
Waystar Stock Performance
NASDAQ WAY opened at $37.04 on Thursday. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.39. Waystar has a 52-week low of $26.56 and a 52-week high of $48.11. The business’s 50-day moving average price is $36.78 and its 200 day moving average price is $37.73. The firm has a market cap of $6.45 billion, a P/E ratio of 77.17, a P/E/G ratio of 0.69 and a beta of 0.78.
Waystar (NASDAQ:WAY – Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Waystar had a return on equity of 5.65% and a net margin of 8.50%.The firm had revenue of $270.65 million for the quarter, compared to analyst estimates of $255.26 million. During the same quarter last year, the company posted $0.04 earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. On average, equities research analysts expect that Waystar will post 0.39 earnings per share for the current year.
Waystar Company Profile
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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