Waystar Holding Corp. (NASDAQ:WAY) Given Average Recommendation of “Buy” by Analysts

Waystar Holding Corp. (NASDAQ:WAY) has been given an average recommendation of “Buy” by the twelve analysts that are covering the firm, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $36.55.

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Waystar from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada lifted 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. Raymond James raised Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a research report on Friday, November 22nd. Bank of America upped their price target 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. Finally, Canaccord Genuity Group raised their price objective on shares of Waystar from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, January 3rd.

Insider Buying and Selling at Waystar

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $33.89, for a total transaction of $564,810.74. Following the completion of the sale, the chief financial officer now directly owns 173,642 shares of the company’s stock, valued at $5,884,727.38. This trade represents a 8.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Waystar

A number of hedge funds and other institutional investors have recently modified their holdings of WAY. Global Retirement Partners LLC bought a new position in Waystar during the fourth quarter valued at approximately $25,000. Amalgamated Bank purchased a new position in shares of Waystar in the third quarter valued at $41,000. Mark Sheptoff Financial Planning LLC bought a new stake in Waystar in the fourth quarter worth $48,000. Smithfield Trust Co purchased a new stake in Waystar during the third quarter valued at $68,000. Finally, RiverPark Advisors LLC bought a new position in Waystar during the third quarter valued at $78,000.

Waystar Stock Performance

Shares of NASDAQ:WAY opened at $45.35 on Wednesday. The business has a 50-day simple moving average of $38.12 and a two-hundred day simple moving average of $31.36. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29. Waystar has a fifty-two week low of $20.26 and a fifty-two week high of $45.49.

About Waystar

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