Waystar (NASDAQ:WAY – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03, Briefing.com reports. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $223.82 million. The business’s quarterly revenue was up 21.7% on a year-over-year basis. Waystar updated its FY24 guidance to $0.30-$0.32 EPS and its FY 2024 guidance to 0.300-0.320 EPS.
Waystar Stock Performance
WAY traded down $0.07 during trading on Friday, hitting $31.62. The stock had a trading volume of 2,218,007 shares, compared to its average volume of 879,283. 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 50 day simple moving average of $27.57. Waystar has a one year low of $20.26 and a one year high of $33.25.
Analyst Ratings Changes
A number of analysts recently commented on the stock. Evercore ISI upped their price objective on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday. Canaccord Genuity Group lifted their price objective on Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group raised their target price on shares of Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. upped their price target 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, Bank of America raised their price objective on shares of Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $31.90.
Waystar Company Profile
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
Recommended Stories
- Five stocks we like better than Waystar
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Airbnb Stock Attracts Attention With Strong Cash Flow Strategy
- Comparing and Trading High PE Ratio Stocks
- MarketBeat Week in Review – 11/4 – 11/8
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Trump’s Return: Which Sectors Will Benefit Most?
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.
