Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 937,600 shares, a decline of 20.5% from the August 15th total of 1,180,000 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 813,000 shares, the short-interest ratio is currently 1.2 days.
Waystar Stock Up 1.7 %
Shares of NASDAQ WAY opened at $27.28 on Tuesday. Waystar has a 1 year low of $20.26 and a 1 year high of $28.57. The stock has a 50-day moving average price of $24.50.
Waystar (NASDAQ:WAY – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $234.50 million for the quarter, compared to the consensus estimate of $216.25 million. Waystar’s revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) earnings per share. On average, sell-side analysts predict that Waystar will post -0.08 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Evercore ISI raised their price target on Waystar from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Royal Bank of Canada upped their price target on shares of Waystar from $27.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. William Blair initiated coverage on shares of Waystar in a research report on Tuesday, July 2nd. They set an “outperform” rating for the company. Barclays began coverage on shares of Waystar in a report on Tuesday, July 2nd. They issued an “overweight” rating and a $24.00 target price on the stock. Finally, Canaccord Genuity Group started coverage on shares of Waystar in a report on Tuesday, July 2nd. They issued a “buy” rating and a $30.00 price target for the company. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Waystar has an average rating of “Buy” and a consensus price target of $28.90.
Read Our Latest Research Report on Waystar
About Waystar
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
Featured Articles
- Five stocks we like better than Waystar
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible
- ESG Stocks, What Investors Should Know
- Roblox’s Growth Beyond Kids: Stock Set for Major Moves
- Learn Technical Analysis Skills to Master the Stock Market
- 5 Oversold Stocks to Buy Right Now
Receive News & Ratings for Waystar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waystar and related companies with MarketBeat.com's FREE daily email newsletter.