Waystar (NASDAQ:WAY) Price Target Raised to $34.00 at Royal Bank of Canada

Waystar (NASDAQ:WAY) had its price objective upped by Royal Bank of Canada from $31.00 to $34.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

WAY has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their price objective on Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Waystar from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Bank of America raised their price objective on Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, October 14th. 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 research report on Thursday. Finally, The Goldman Sachs Group raised their price objective on shares of Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $31.90.

Waystar Stock Performance

Shares of NASDAQ:WAY traded down $0.07 during trading on Thursday, reaching $31.62. The stock had a trading volume of 2,178,767 shares, compared to its average volume of 878,921. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.15 and a quick ratio of 2.15. The stock has a fifty day moving average of $27.57. Waystar has a 1-year low of $20.26 and a 1-year high of $33.25.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.07) earnings per share. As a group, equities research analysts expect that Waystar will post -0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Waystar

Hedge funds and other institutional investors have recently modified their holdings of the stock. Amalgamated Bank bought a new position in Waystar in the 3rd quarter valued at $41,000. RiverPark Advisors LLC bought a new position in Waystar during the 3rd quarter worth approximately $78,000. Cubist Systematic Strategies LLC bought a new stake in shares of Waystar in the 2nd quarter valued at $145,000. Scientech Research LLC bought a new stake in shares of Waystar in the second quarter worth about $289,000. Finally, Federated Hermes Inc. bought a new stake in Waystar in the 2nd quarter valued at $430,000.

Waystar Company Profile

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