Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) has earned a consensus recommendation of “Buy” from the eleven research firms that are currently covering the company, MarketBeat reports. Eleven equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $29.90.
Several equities research analysts have recently weighed in on the company. Barclays began coverage on Waystar in a report on Tuesday, July 2nd. They issued an “overweight” rating and a $24.00 price target on the stock. Bank of America lifted their target price on Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday. Royal Bank of Canada upped their price target on shares of Waystar from $27.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. JPMorgan Chase & Co. lifted their price objective on shares of Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, August 19th. Finally, William Blair started coverage on shares of Waystar in a research report on Tuesday, July 2nd. They issued an “outperform” rating for the company.
Check Out Our Latest Research Report on WAY
Hedge Funds Weigh In On Waystar
Waystar Stock Performance
Shares of WAY opened at $27.75 on Thursday. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average of $26.73. Waystar has a 52-week low of $20.26 and a 52-week high of $28.57.
Waystar (NASDAQ:WAY – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $234.50 million for the quarter, compared to analysts’ expectations of $216.25 million. During the same period in the prior year, the firm posted ($0.07) earnings per share. Waystar’s revenue for the quarter was up 19.6% on a year-over-year basis. As a group, equities research analysts forecast that Waystar will post -0.08 EPS for the current fiscal year.
About Waystar
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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