Barclays Lowers Waystar (NASDAQ:WAY) Price Target to $45.00

Waystar (NASDAQ:WAY - Get Free Report) had its price objective cut by Barclays from $50.00 to $45.00 in a research report issued on Monday, Marketbeat reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price target indicates a potential upside of 23.46% from the company's current price.

Several other equities research analysts have also recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Waystar in a research note on Tuesday, February 11th. They issued a "buy" rating and a $51.00 target price for the company. The Goldman Sachs Group lifted their price objective on Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Canaccord Genuity Group raised their target price on Waystar from $42.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Truist Financial began coverage on shares of Waystar in a research note on Friday, March 14th. They issued a "buy" rating and a $45.00 price objective for the company. Finally, Bank of America lifted their target price on shares of Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $40.33.

Waystar Trading Down 0.7 %

WAY stock traded down $0.26 during midday trading on Monday, reaching $36.45. The company had a trading volume of 1,199,645 shares, compared to its average volume of 1,384,501. The company has a 50 day moving average of $39.02 and a two-hundred day moving average of $35.35. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40. Waystar has a 1 year low of $20.26 and a 1 year high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.15 by $0.11. The business had revenue of $244.10 million for the quarter, compared to analyst estimates of $232.29 million. As a group, equities analysts expect that Waystar will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $42.15, for a total value of $143,310.00. Following the transaction, the chief marketing officer now directly owns 43,478 shares in the company, valued at approximately $1,832,597.70. This trade represents a 7.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider T. Craig Bridge sold 182,914 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $42.15, for a total value of $7,709,825.10. Following the sale, the insider now owns 519,658 shares of the company's stock, valued at approximately $21,903,584.70. The trade was a 26.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,411,461 shares of company stock valued at $528,743,995 in the last 90 days.

Hedge Funds Weigh In On Waystar

Several large investors have recently bought and sold shares of the business. FMR LLC acquired a new stake in shares of Waystar during the third quarter worth $1,421,000. Stifel Financial Corp acquired a new position in Waystar during the third quarter valued at approximately $204,000. State Street Corp acquired a new stake in Waystar in the third quarter worth $16,816,000. Jane Street Group LLC bought a new position in shares of Waystar during the third quarter worth $539,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Waystar in the 3rd quarter valued at $222,000.

Waystar Company Profile

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