Barclays Remains a Buy on Waystar Holding Corp. (WAY)

Barclays analyst Saket Kalia maintained a Buy rating on Waystar Holding Corp. on October 14 and set a price target of $50.00. The company’s shares closed yesterday at $36.73.

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Kalia covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Adobe, and Autodesk. According to TipRanks, Kalia has an average return of 14.4% and a 65.02% success rate on recommended stocks.

Waystar Holding Corp. has an analyst consensus of Strong Buy, with a price target consensus of $48.50, a 32.04% upside from current levels. In a report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $49.00 price target.

Based on Waystar Holding Corp.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $270.65 million and a net profit of $32.18 million. In comparison, last year the company earned a revenue of $234.54 million and had a GAAP net loss of $27.69 million

Based on the recent corporate insider activity of 107 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WAY in relation to earlier this year. Last month, Matthew J. Hawkins, the CEO of WAY sold 12,800.00 shares for a total of $487,296.00.