Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 4,400,000 shares, a growth of 36.6% from the November 15th total of 3,220,000 shares. Based on an average trading volume of 1,010,000 shares, the days-to-cover ratio is presently 4.4 days. Currently, 5.6% of the company's stock are short sold.
WAY opened at $34.19 on Friday. The company's fifty day moving average price is $29.62. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar has a 1 year low of $20.26 and a 1 year high of $34.22.
Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $223.82 million. The company's revenue for the quarter was up 21.7% on a year-over-year basis. Research analysts expect that Waystar will post 0.03 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in WAY. Amalgamated Bank bought a new stake in shares of Waystar during the 3rd quarter worth $41,000. Smithfield Trust Co acquired a new stake in shares of Waystar in the third quarter valued at about $68,000. RiverPark Advisors LLC bought a new position in shares of Waystar in the third quarter worth about $78,000. Cubist Systematic Strategies LLC bought a new stake in Waystar during the 2nd quarter valued at approximately $145,000. Finally, Stifel Financial Corp acquired a new stake in Waystar in the 3rd quarter valued at approximately $204,000.
A number of equities analysts have recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of Waystar from $30.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Royal Bank of Canada increased their target price on shares of Waystar from $31.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their price target on Waystar from $24.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, August 19th. Raymond James raised Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 price objective for the company in a research report on Friday, November 22nd. Finally, Evercore ISI boosted their target price on Waystar from $32.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $32.90.
Read Our Latest Stock Report on Waystar
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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