The Goldman Sachs Group Forecasts Strong Price Appreciation for Waystar (NASDAQ:WAY) Stock

Waystar (NASDAQ:WAY) had its price objective hoisted by The Goldman Sachs Group from $44.00 to $52.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

WAY has been the subject of a number of other reports. Jefferies Financial Group began coverage on shares of Waystar in a report on Tuesday, February 11th. They issued a “buy” rating and a $51.00 price target for the company. Bank of America raised their target price on Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Evercore ISI upped their target price on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Canaccord Genuity Group raised their price target on shares of Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, 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. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $39.64.

Waystar Stock Down 2.8 %

WAY stock opened at $43.86 on Wednesday. Waystar has a 1-year low of $20.26 and a 1-year high of $48.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a 50-day moving average price of $38.84 and a 200-day moving average price of $31.76.

Waystar (NASDAQ:WAY) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.11. The business had revenue of $244.10 million during the quarter, compared to analyst estimates of $232.29 million. Equities research analysts expect that Waystar will post 0.03 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Steven M. Oreskovich sold 16,666 shares of Waystar stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $33.89, for a total value of $564,810.74. Following the sale, the chief financial officer now owns 173,642 shares of the company’s stock, valued at approximately $5,884,727.38. The trade was a 8.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Waystar

A number of large investors have recently bought and sold shares of WAY. Global Retirement Partners LLC bought a new stake in shares of Waystar in the fourth quarter valued at approximately $25,000. Cerity Partners LLC raised its stake in shares of Waystar by 1.5% during the 3rd quarter. Cerity Partners LLC now owns 46,699 shares of the company’s stock valued at $1,302,000 after purchasing an additional 699 shares during the period. RiverPark Advisors LLC lifted its holdings in Waystar by 25.5% during the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company’s stock worth $128,000 after purchasing an additional 710 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Waystar by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company’s stock worth $901,000 after purchasing an additional 960 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Waystar by 1.8% during the fourth quarter. Russell Investments Group Ltd. now owns 54,096 shares of the company’s stock valued at $1,985,000 after buying an additional 964 shares during the period.

Waystar Company Profile

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