Waystar (NASDAQ:WAY - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Friday.
Other research analysts also recently issued reports about the stock. Robert W. Baird initiated coverage on shares of Waystar in a research report on Friday, September 5th. They set an "outperform" rating and a $44.00 target price for the company. Mizuho assumed coverage on Waystar in a research note on Monday, June 30th. They issued an "outperform" rating and a $48.00 target price on the stock. TD Cowen raised Waystar to a "strong-buy" rating in a report on Thursday, June 5th. Truist Financial boosted their price target on Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Finally, JMP Securities assumed coverage on Waystar in a research report on Thursday, September 18th. They issued a "market outperform" rating and a $48.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Waystar currently has a consensus rating of "Buy" and an average price target of $45.14.
Check Out Our Latest Stock Analysis on Waystar
Waystar Stock Performance
Shares of Waystar stock traded up $0.43 on Friday, reaching $38.64. 2,709,015 shares of the stock were exchanged, compared to its average volume of 4,537,223. The business has a 50 day moving average price of $36.92 and a two-hundred day moving average price of $37.79. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 80.50, a PEG ratio of 0.70 and a beta of 0.69. Waystar has a twelve month low of $26.85 and a twelve month high of $48.11. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.39.
Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. The company had revenue of $270.65 million during the quarter, compared to analyst estimates of $255.26 million. Waystar had a net margin of 8.50% and a return on equity of 5.65%. Waystar's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period last year, the firm posted $0.04 EPS. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. Analysts anticipate that Waystar will post 0.39 earnings per share for the current fiscal year.
Insider Buying and Selling at Waystar
In other Waystar news, insider Eric L. (Ric) Sinclair III sold 19,404 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $40.03, for a total transaction of $776,742.12. Following the transaction, the insider directly owned 474,826 shares of the company's stock, valued at $19,007,284.78. This trade represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steven M. Oreskovich sold 16,666 shares of Waystar stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $40.49, for a total transaction of $674,806.34. Following the completion of the sale, the chief financial officer owned 354,512 shares in the company, valued at approximately $14,354,190.88. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,677,917 shares of company stock worth $182,939,156. 4.10% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Waystar
Several institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of Waystar by 170.4% during the first quarter. Victory Capital Management Inc. now owns 178,024 shares of the company's stock valued at $6,651,000 after acquiring an additional 112,179 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Waystar by 107.9% during the first quarter. Teacher Retirement System of Texas now owns 40,042 shares of the company's stock worth $1,496,000 after purchasing an additional 20,780 shares in the last quarter. Amalgamated Bank raised its stake in Waystar by 84.1% in the 1st quarter. Amalgamated Bank now owns 2,716 shares of the company's stock valued at $101,000 after purchasing an additional 1,241 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Waystar by 62.1% in the 1st quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company's stock valued at $302,263,000 after purchasing an additional 3,099,211 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Waystar in the 1st quarter valued at $212,000.
About Waystar
(
Get Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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