Brokerages Set Waystar Holding Corp. (NASDAQ:WAY) Price Target at $32.90

Posted by Eileen French on Dec 4th, 2024

Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) has earned an average rating of “Buy” from the eleven ratings firms that are covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $32.90.

A number of research firms recently commented on WAY. 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 report on Monday, August 19th. Evercore ISI boosted their price objective on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Waystar from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a report on Friday, November 22nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Check Out Our Latest Report on WAY

Hedge Funds Weigh In On Waystar

Several institutional investors and hedge funds have recently modified their holdings of WAY. Peregrine Capital Management LLC purchased a new position in shares of Waystar during the second quarter valued at approximately $9,010,000. TD Asset Management Inc acquired a new position in Waystar during the second quarter worth approximately $1,633,000. American Century Companies Inc. acquired a new position in Waystar during the second quarter worth approximately $28,357,000. Federated Hermes Inc. acquired a new position in Waystar during the second quarter worth approximately $430,000. Finally, Canada Pension Plan Investment Board acquired a new position in Waystar during the second quarter worth approximately $800,003,000.

Waystar Trading Down 3.6 %

Shares of Waystar stock opened at $29.77 on Friday. Waystar has a 52-week low of $20.26 and a 52-week high of $33.25. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $28.98.

Waystar (NASDAQ:WAY – Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) 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 company’s revenue for the quarter was up 21.7% compared to the same quarter last year. Equities analysts expect that Waystar will post 0.03 EPS for the current year.