Waystar (NASDAQ:WAY) Price Target Raised to $52.00 at The Goldman Sachs Group

Waystar (NASDAQ:WAY) had its price objective increased by The Goldman Sachs Group from $44.00 to $52.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms have also commented on WAY. Evercore ISI raised their price target on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Bank of America lifted their price target on shares of Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Barclays increased their price target on Waystar from $42.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday. Canaccord Genuity Group lifted their price objective on Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group assumed coverage on Waystar in a report on Tuesday, February 11th. They set a “buy” rating and a $51.00 target price on the stock. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $39.64.

Waystar Price Performance

Shares of WAY stock opened at $43.86 on Wednesday. Waystar has a 12-month low of $20.26 and a 12-month high of $48.11. The firm has a 50 day moving average price of $38.84 and a two-hundred day moving average price of $31.76. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.11. The firm had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. Research analysts predict that Waystar will post 0.03 earnings per share for the current year.

Insider Activity at Waystar

In related news, CFO Steven M. Oreskovich sold 16,666 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $33.89, for a total transaction of $564,810.74. Following the sale, the chief financial officer now owns 173,642 shares of the company’s stock, valued at $5,884,727.38. This trade represents a 8.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Institutional Trading of Waystar

A number of hedge funds have recently made changes to their positions in the company. M&T Bank Corp lifted its holdings in shares of Waystar by 116.6% during the third quarter. M&T Bank Corp now owns 63,746 shares of the company’s stock worth $1,778,000 after purchasing an additional 34,316 shares during the period. JPMorgan Chase & Co. lifted its holdings in Waystar by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company’s stock worth $37,531,000 after buying an additional 96,552 shares during the period. Barclays PLC grew its position in shares of Waystar by 701.7% in the 3rd quarter. Barclays PLC now owns 64,934 shares of the company’s stock valued at $1,811,000 after buying an additional 56,834 shares during the last quarter. State Street Corp acquired a new stake in shares of Waystar in the third quarter valued at about $16,816,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Waystar during the third quarter worth about $10,224,000.

About Waystar

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