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

Waystar (NASDAQ:WAY) had its price objective lowered by stock analysts at Barclays from $50.00 to $45.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 23.05% from the company’s previous close.

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

Waystar Trading Down 1.9 %

Shares of NASDAQ:WAY traded down $0.70 during trading hours on Monday, hitting $36.57. The company’s stock had a trading volume of 539,853 shares, compared to its average volume of 1,385,299. The firm’s fifty day moving average price is $39.51 and its 200 day moving average price is $35.14. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar has a 52 week low of $20.26 and a 52 week high of $48.11.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.11. The firm had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. On average, sell-side analysts anticipate that Waystar will post 0.39 EPS for the current year.

Insider Buying and Selling

In other Waystar news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $40.00, for a total transaction of $300,686,720.00. Following the sale, the insider now directly owns 29,692,286 shares in the company, valued at $1,187,691,440. This represents a 20.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul G. Moskowitz sold 5,652,689 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $38.60, for a total transaction of $218,193,795.40. Following the completion of the transaction, the director now directly owns 22,327,728 shares of the company’s stock, valued at approximately $861,850,300.80. The trade was a 20.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,356,171 shares of company stock valued at $526,733,651.

Institutional Investors Weigh In On Waystar

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

Waystar Company Profile

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