Waystar (NASDAQ:WAY) Upgraded at Raymond James

Raymond James upgraded shares of Waystar (NASDAQ:WAY) from an outperform rating to a strong-buy rating in a research report sent to investors on Friday, MarketBeat reports. The firm currently has $40.00 price objective on the stock.

Several other equities research analysts also recently issued reports on WAY. Bank of America raised their target price on shares of Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, October 14th. The Goldman Sachs Group lifted their target price on Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Evercore ISI raised their price target on Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Waystar from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, August 19th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Waystar presently has a consensus rating of “Buy” and a consensus price target of $32.90.

Waystar Stock Performance

WAY stock opened at $31.25 on Friday. Waystar has a twelve month low of $20.26 and a twelve month high of $33.25. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $28.49.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Canada Pension Plan Investment Board bought a new stake in Waystar during the second quarter worth $800,003,000. Deerfield Management Company L.P. Series C acquired a new position in shares of Waystar during the 2nd quarter worth $106,468,000. TPG GP A LLC bought a new stake in shares of Waystar during the 2nd quarter worth $85,910,000. ArrowMark Colorado Holdings LLC boosted its stake in Waystar by 36.5% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,402,294 shares of the company’s stock valued at $94,890,000 after buying an additional 909,715 shares in the last quarter. Finally, American Century Companies Inc. bought a new position in Waystar in the second quarter valued at about $28,357,000.

About Waystar

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