Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) has earned an average recommendation of "Buy" from the twelve ratings firms that are covering the company, MarketBeat reports. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $36.55.
WAY has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price objective on Waystar from $31.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on Waystar from $39.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Bank of America boosted their price objective on Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Evercore ISI boosted their price objective on Waystar from $32.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, Raymond James upgraded 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.
Get Our Latest Analysis on WAY
NASDAQ:WAY opened at $42.48 on Wednesday. The business's 50-day moving average price is $37.01 and its 200 day moving average price is $30.77. Waystar has a 52-week low of $20.26 and a 52-week high of $42.56. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40.
In related news, CFO Steven M. Oreskovich sold 16,666 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $33.89, for a total value of $564,810.74. Following the completion of the transaction, the chief financial officer now directly owns 173,642 shares in the company, valued at approximately $5,884,727.38. This represents a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Several hedge funds have recently added to or reduced their stakes in WAY. Cubist Systematic Strategies LLC bought a new stake in Waystar during the 2nd quarter worth $145,000. Amalgamated Bank bought a new stake in Waystar during the 3rd quarter worth $41,000. RiverPark Advisors LLC bought a new stake in Waystar during the 3rd quarter worth $78,000. Jennison Associates LLC grew its position in Waystar by 4.3% during the 3rd quarter. Jennison Associates LLC now owns 1,129,164 shares of the company's stock worth $31,492,000 after acquiring an additional 46,264 shares during the last quarter. Finally, Smithfield Trust Co bought a new stake in Waystar during the 3rd quarter worth $68,000.
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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