Deutsche Bank Aktiengesellschaft Increases Waystar (NASDAQ:WAY) Price Target to $31.00

Waystar (NASDAQ:WAY) had its price objective boosted by research analysts at Deutsche Bank Aktiengesellschaft from $27.00 to $31.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 25.97% from the company’s current price.

A number of other analysts also recently commented on WAY. Barclays began coverage on shares of Waystar in a research report on Tuesday, July 2nd. They set an “overweight” rating and a $24.00 price target on the stock. Canaccord Genuity Group began coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued a “buy” rating and a $30.00 price objective on the stock. Royal Bank of Canada began coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued an “outperform” rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. began coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued an “overweight” rating and a $24.00 price objective on the stock. Finally, William Blair began coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued an “outperform” rating on the stock. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat, Waystar presently has a consensus rating of “Buy” and an average price target of $28.20.

Waystar Stock Performance

Shares of WAY stock traded down $0.29 during midday trading on Wednesday, reaching $24.61. 84,453 shares of the company were exchanged, compared to its average volume of 968,145. Waystar has a 12 month low of $20.26 and a 12 month high of $25.63.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $234.50 million for the quarter, compared to the consensus estimate of $216.25 million. During the same quarter last year, the firm posted ($0.07) earnings per share. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. Equities analysts anticipate that Waystar will post 0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new position in Waystar during the second quarter valued at approximately $800,003,000. American Century Companies Inc. purchased a new position in Waystar during the second quarter valued at approximately $28,357,000. Peregrine Capital Management LLC purchased a new position in Waystar during the second quarter valued at approximately $9,010,000. Magnetar Financial LLC purchased a new position in Waystar during the second quarter valued at approximately $2,495,000. Finally, TD Asset Management Inc purchased a new position in Waystar during the second quarter valued at approximately $1,633,000.

About Waystar

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