Evercore ISI Raises Waystar (NASDAQ:WAY) Price Target to $32.00

Waystar (NASDAQ:WAY) had its price target boosted by Evercore ISI from $27.00 to $32.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also recently commented on WAY. Canaccord Genuity Group initiated coverage on Waystar in a report on Tuesday, July 2nd. They set a buy rating and a $30.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Waystar from $24.00 to $27.00 and gave the stock an overweight rating in a report on Monday, August 19th. The Goldman Sachs Group began coverage on shares of Waystar in a research report on Tuesday, July 2nd. They set a buy rating and a $32.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Waystar from $27.00 to $31.00 and gave the company a buy rating in a research note on Wednesday, August 14th. Finally, Bank of America assumed coverage on shares of Waystar in a research report on Tuesday, July 2nd. They issued a buy rating and a $27.00 price target on the stock. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of Buy and a consensus price target of $29.40.

Waystar Stock Performance

Shares of NASDAQ WAY opened at $27.88 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 2.15. Waystar has a 52-week low of $20.26 and a 52-week high of $28.57. The company’s 50 day moving average price is $26.16.

Waystar (NASDAQ:WAY) last issued its earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $234.50 million during the quarter, compared to analyst estimates of $216.25 million. The business’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. On average, analysts anticipate that Waystar will post -0.08 EPS for the current year.

Institutional Investors Weigh In On Waystar

A number of institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in Waystar during the second quarter worth $145,000. Scientech Research LLC bought a new position in shares of Waystar during the 2nd quarter worth about $289,000. Federated Hermes Inc. acquired a new stake in shares of Waystar during the 2nd quarter valued at about $430,000. SG Americas Securities LLC bought a new stake in Waystar in the third quarter valued at about $717,000. Finally, Sculptor Capital LP acquired a new position in Waystar in the second quarter worth about $791,000.

Waystar Company Profile

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