Toast, Inc. (NYSE:TOST - Get Free Report) insider James Michael Matlock sold 798 shares of Toast stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $22.99, for a total value of $18,346.02. Following the transaction, the insider now owns 40,156 shares of the company's stock, valued at approximately $923,186.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
James Michael Matlock also recently made the following trade(s):
- On Tuesday, April 2nd, James Michael Matlock sold 1,205 shares of Toast stock. The stock was sold at an average price of $23.40, for a total value of $28,197.00.
- On Friday, March 15th, James Michael Matlock sold 787 shares of Toast stock. The stock was sold at an average price of $23.59, for a total value of $18,565.33.
- On Monday, February 5th, James Michael Matlock sold 4,151 shares of Toast stock. The stock was sold at an average price of $18.20, for a total value of $75,548.20.
- On Friday, February 2nd, James Michael Matlock sold 5,804 shares of Toast stock. The shares were sold at an average price of $18.72, for a total value of $108,650.88.
Toast Stock Performance
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NYSE TOST opened at $22.76 on Thursday. The company has a market capitalization of $9.95 billion, a P/E ratio of -44.63 and a beta of 1.79. The company has a fifty day moving average of $22.96 and a 200-day moving average of $18.99. Toast, Inc. has a 52-week low of $13.77 and a 52-week high of $27.00.
Toast (NYSE:TOST - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.04. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The firm's revenue for the quarter was up 34.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.19) earnings per share. As a group, analysts forecast that Toast, Inc. will post -0.22 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have commented on TOST shares. Mizuho restated a "neutral" rating and set a $17.00 price objective on shares of Toast in a research report on Wednesday, March 27th. UBS Group boosted their price objective on shares of Toast from $22.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, March 28th. Wells Fargo & Company boosted their price objective on shares of Toast from $15.00 to $17.00 and gave the company an "underweight" rating in a research report on Friday, April 12th. Robert W. Baird boosted their price objective on shares of Toast from $24.00 to $28.00 and gave the company an "outperform" rating in a research report on Monday. Finally, The Goldman Sachs Group boosted their price objective on shares of Toast from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $24.32.
Read Our Latest Stock Analysis on TOST
Hedge Funds Weigh In On Toast
Hedge funds and other institutional investors have recently modified their holdings of the company. Baystate Wealth Management LLC purchased a new position in shares of Toast during the third quarter valued at about $29,000. BluePath Capital Management LLC purchased a new position in shares of Toast during the third quarter valued at about $30,000. Principal Securities Inc. purchased a new position in shares of Toast during the fourth quarter valued at about $30,000. Cape Investment Advisory Inc. purchased a new position in shares of Toast during the fourth quarter valued at about $31,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Toast by 277.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,710 shares of the company's stock valued at $31,000 after buying an additional 1,257 shares during the period. 82.91% of the stock is owned by institutional investors.
Toast Company Profile
(
Get Free Report)
Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.
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